Business
PDF Solutions® Reports Fourth Quarter and Full Year 2019 Results
New Reporting Line Items Commence With These Results Business Highlights Analytics revenue grew by 29% for full year 2019 year-over-yearAnalytics accounted
About this update from Pdf Solutions, Inc.
[{"type":"text","content":"New Reporting Line Items Commence With These Results\nBusiness Highlights\n Analytics revenue grew by 29% for full year 2019 year-over-yearAnalytics accounted for 58% of total 2019 full year revenues GAAP gross margins expanded to 61% from 50% year-over-year Non-GAAP gross margins expanded to 65% from 55% year-over-year Operating activities generated $24.6 million in cash during the full year 2019Cash and cash equivalents of $97.6 million at the end of 2019 SANTA CLARA, Calif., Feb. 13, 2020 (GLOBE NEWSWIRE) -- PDF Solutions, Inc. (“PDF Solutions” or the “Company”) (NASDAQ: PDFS), a leading provider of differentiated data and analytics solutions to the semiconductor and electronics industries, today announced financial results for its fourth quarter and full year ended December 31, 2019. The Company also announced that it is commencing reporting revenue in two components: Analytics and Integrated Yield Ramp. Integrated Yield Ramp revenue comprises revenue from the Company’s engagements that include performance incentives based on customers’ yield achievement, such as Gainshare royalty. Analytics revenue comprises all other revenue, including from the Company’s Exensio® software platform, Design-for-Inspection™ solution (DFI™), and Characterization Vehicle® solutions. Prior periods have been reclassified to conform to the new revenue presentation. Highlights of Fourth Quarter and Full Year 2019 Financial Results Total revenues for the fourth quarter of 2019 were $22.6 million, compared to $21.9 million for the third quarter of 2019 and $19.7 million for the fourth quarter of 2018. Analytics revenue for the fourth quarter of 2019 was $13.5 million, compared to $12.7 million for the third quarter of 2019 and $10.3 million for the fourth quarter of 2018. Integrated Yield Ramp revenue for the fourth quarter of 2019 was $9.1 million, compared to $9.2 million for the third quarter of 2019 and $9.4 million for the fourth quarter of 2018. Total revenues for the full year 2019 year were essentially flat versus 2018. Analytics revenue for the full year 2019 grew by 29% compared to 2018, while Integrated Yield Ramp revenue for the full year declined by 24% compared to 2018. For the fourth quarter and the full year 2019, Analytics revenue comprised 60% and 58% of total revenues, respectively. Fourth quarter 2019 GAAP gross margin of 60% show...