Business
PDF Solutions® Reports Second Quarter 2020 Results
Business Highlights Total revenues of $21.4 million, up 4% over last year’s comparable quarterAnalytics revenue of $15.2 million, up 27% over last year’s
About this update from Pdf Solutions, Inc.
[{"type":"text","content":"Business Highlights\n Total revenues of $21.4 million, up 4% over last year’s comparable quarterAnalytics revenue of $15.2 million, up 27% over last year’s comparable quarterAnalytics accounted for 71% of second quarter revenues GAAP Gross Margin of 58% for the second quarter of 2020Non-GAAP Gross Margin of 63% for the second quarter of 2020Operating activities generated $5.2 million in cash during the second quarter of 2020Cash and cash equivalents of $103.4 million at the end of second quarter of 2020 SANTA CLARA, Calif., Aug. 06, 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 second quarter ended June 30, 2020. Highlights of Second Quarter 2020 Financial Results Total revenues for the second quarter of 2020 were $21.4 million, compared to $21.2 million for the first quarter of 2020 and $20.6 million for the second quarter of 2019. Analytics revenue for the second quarter of 2020 was $15.2 million, compared to $13.2 million for the first quarter of 2020 and $12.0 million for the second quarter of 2019. Integrated Yield Ramp revenue for the second quarter of 2020 was $6.2 million, compared to $7.9 million for the first quarter of 2020 and $8.6 million for the second quarter of 2019. GAAP gross margin for the second quarter of 2020 was 58%, compared to 60% for the first quarter of 2020 and 62% for the second quarter of 2019. Non-GAAP gross margin for the second quarter of 2020 was 63%, compared to 65% for the first quarter of 2020 and 67% for the second quarter of 2019. On a GAAP basis, net loss for the second quarter of 2020 was $3.7 million, or ($0.11) per basic and diluted share, compared to a net loss of $0.5 million, or ($0.02) per basic and diluted share, for the first quarter of 2020, and compared to a net loss of $0.7 million, or ($0.02) per basic and diluted share, for the second quarter of 2019. Non-GAAP net income for the second quarter of 2020 was $0.5 million, or $0.01 per diluted share, compared to a net loss of $0.1 million, or ($0.00) per diluted share, for the first quarter of 2020, and compared to net income of $1.0 million, or $0.03 per diluted share, for the second quarter of 2019. Cash and cash equivalents...