Business
PDF Solutions® Reports Fourth Quarter and Full Year 2022 Results
SANTA CLARA, Calif., Feb. 16, 2023 (GLOBE NEWSWIRE) -- PDF Solutions, Inc. (Nasdaq: PDFS), a leading provider of unified data and cloud analytics for the
About this update from Pdf Solutions, Inc.
[{"type":"text","content":"SANTA CLARA, Calif., Feb. 16, 2023 (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 fourth quarter and year ended December 31, 2022. Highlights of Fourth Quarter 2022 Financial Results Record quarterly revenues of $40.5 million for the fourth quarter of 2022, up 36% over last year’s comparable quarterGAAP gross margin of 71% and Non-GAAP gross margin of 74% for the fourth quarter of 2022GAAP diluted earnings per share (EPS) of $0.01 and non-GAAP diluted EPS of $0.19 for the fourth quarter of 2022 Highlights of Full Year 2022 Financial Results Record total full year 2022 revenues of $148.5 million, up 34% year over yearGAAP gross margin of 68% and Non-GAAP gross margin of 71% for full year 2022GAAP diluted loss per share of $0.09 and non-GAAP diluted EPS of $0.60 for full year 2022Record backlog of $277.7 million as of December 31, 2022, up 55% year over year Total revenues for the fourth quarter of 2022 were $40.5 million, compared to $39.9 million for the third quarter of 2022 and $29.9 million for the fourth quarter of 2021. Analytics revenue for the fourth quarter of 2022 was $36.0 million, compared to $32.9 million for the third quarter of 2022 and $27.3 million for the fourth quarter of 2021. Integrated Yield Ramp revenue for the fourth quarter of 2022 was $4.5 million, compared to $7.0 million for the third quarter of 2022 and $2.6 million for the fourth quarter of 2021. Total revenues for the full year 2022 and 2021 were $148.5 million and $111.0 million, respectively. GAAP gross margin for the fourth quarter of 2022 was 71%, compared to 69% for the third quarter of 2022 and 61% for the fourth quarter of 2021. GAAP gross margin for the full year 2022 and 2021 was 68% and 60%, respectively. Non-GAAP gross margin for the fourth quarter of 2022 was 74%, compared to 72% for the third quarter of 2022 and 65% for the fourth quarter of 2021. Non-GAAP gross margin for the full year 2022 and 2021 was 71% and 64%, respectively. On a GAAP basis, net income for the fourth quarter of 2022 was $0.5 million, or $0.01 per diluted share, compared to a net income of $1.4 million, or $0.04 per diluted share, for the third quarter of 2022, and net loss of $7.0 million, or ($0.19) per diluted share, for the ...