Business
PDF Solutions® Reports Third Quarter 2020 Results
Business Highlights Total revenues of $23.1 million, up 5% over last year’s comparable quarterAnalytics revenue of $14.3 million, up 13% over last year’s
About this update from Pdf Solutions, Inc.
[{"type":"text","content":"Business Highlights\n Total revenues of $23.1 million, up 5% over last year’s comparable quarterAnalytics revenue of $14.3 million, up 13% over last year’s comparable quarterAnalytics accounted for 62% of third quarter revenues GAAP Gross Margin of 59% for the third quarter of 2020Non-GAAP Gross Margin of 63% for the third quarter of 2020Cash, cash equivalents and short-term investments of $168.4 million at the end of third quarter of 2020 SANTA CLARA, Calif., Nov. 05, 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 third quarter ended September 30, 2020. Highlights of Third Quarter 2020 Financial Results Total revenues for the third quarter of 2020 were $23.1 million, compared to $21.4 million for the second quarter of 2020 and $21.9 million for the third quarter of 2019. Analytics revenue for the third quarter of 2020 was $14.3 million, compared to $15.2 million for the second quarter of 2020 and $12.7 million for the third quarter of 2019. Integrated Yield Ramp revenue for the third quarter of 2020 was $8.8 million, compared to $6.2 million for the second quarter of 2020 and $9.2 million for the third quarter of 2019. GAAP gross margin for the third quarter of 2020 was 59%, compared to 58% for the second quarter of 2020 and 60% for the third quarter of 2019. Non-GAAP gross margin for the third quarter of 2020 was 63%, compared to 63% for the second quarter of 2020 and 64% for the third quarter of 2019. On a GAAP basis, net loss for the third quarter of 2020 was $2.7 million, or ($0.08) per basic and diluted share, compared to a net loss of $3.7 million, or ($0.11) per basic and diluted share, for the second quarter of 2020, and compared to a net loss of $0.7 million, or ($0.02) per basic and diluted share, for the third quarter of 2019. Non-GAAP net income for the third quarter of 2020 was $0.1 million, or $0.00 per diluted share, compared to a net income of $0.5 million, or $0.01 per diluted share, for the second quarter of 2020, and compared to net income of $1.6 million, or $0.05 per diluted share, for the third quarter of 2019. Cash, cash equivalents and short-term investments at September 30, 2020, were $168.4 million, ...