Business
PDF Solutions® Reports First Quarter 2022 Results
Business & Other Highlights Record total revenues of $33.5 million, up 38% over last year’s comparable quarterAnalytics revenue of $30.4 million, up 57% over
About this update from Pdf Solutions, Inc.
[{"type":"text","content":"Business & Other Highlights Record total revenues of $33.5 million, up 38% over last year’s comparable quarterAnalytics revenue of $30.4 million, up 57% over last year’s comparable quarterAnalytics revenue accounted for 91% of total revenuesBookings for the first quarter of 2022 up more than 90% over last year’s comparable quarterBacklog of $196.8 million as of March 31, 2022, up 10% compared to backlog as of December 31, 2021GAAP Gross Margin of 66% for the first quarter of 2022 Non-GAAP Gross Margin of 69% for the first quarter of 2022Cash, cash equivalents, and short-term investments of $134.2 million as of March 31, 2022Completed share buybacks of $5.8 million during the quarter and $16.7 million subsequent to quarter end, for total year to date share buybacks of $22.5 million for 933,458 sharesExpect full year 2022 total revenues to grow between 20-25% on a year-over-year basis SANTA CLARA, Calif., May 12, 2022 (GLOBE NEWSWIRE) -- PDF Solutions, Inc. (Nasdaq: PDFS), a leading provider of unified data and cloud analytics for the semiconductor ecosystem, today announced financial results for its first quarter ended March 31, 2022. Highlights of First Quarter 2022 Financial Results Total revenues for the first quarter of 2022 were $33.5 million, compared to $29.9 million for the fourth quarter of 2021 and $24.2 million for the first quarter of 2021. Analytics revenue for the first quarter of 2022 was $30.4 million, compared to $27.3 million for the fourth quarter of 2021 and $19.4 million for the first quarter of 2021. Integrated Yield Ramp revenue for the first quarter of 2022 was $3.1 million, compared to $2.6 million for fourth quarter of 2021 and $4.8 million for the first quarter of 2021. GAAP gross margin for the first quarter of 2022 was 66%, compared to 61% for the fourth quarter of 2021 and 56% for the first quarter of 2021. Non-GAAP gross margin for the first quarter of 2022 was 69%, compared to 65% for the fourth quarter of 2021 and 61% for the first quarter of 2021. On a GAAP basis, net loss for the first quarter of 2022 was $4.2 million, or ($0.11) per basic and diluted share, compared to a net loss of $7.0 million, or ($0.19) per basic and diluted share, for the fourth quarter of 2021, and net loss of $7.6 million, or ($0.21) per basic and diluted share, for the first quarter of 2021. Non-GAAP net income for the ...