Business
PDF Solutions® Reports Third Quarter 2021 Results
Business Highlights Total revenues of $29.6 million for the third quarter of 2021, up 28% over the third quarter of 2020Analytics revenue of $27.2 million for
About this update from Pdf Solutions, Inc.
[{"type":"text","content":"Business Highlights Total revenues of $29.6 million for the third quarter of 2021, up 28% over the third quarter of 2020Analytics revenue of $27.2 million for the third quarter, up 90% over the third quarter of 2020Bookings for the year 2021 through Q3 are now ahead of full year 2020 bookingsBacklog ending Q3 2021 up 60% to $180.9 million compared to backlog as of September 30, 2020GAAP Gross Margin of 63% for the third quarter of 2021Non-GAAP Gross Margin of 66% for the third quarter of 2021Operating activities provided $4.0 million in cash during the third quarter of 2021Ended the quarter with cash, cash equivalents, and short-term investments of $141.2 millionExpect full year 2021 total revenues to grow, on a year over year basis, near the top end of previously communicated 20-25% rangeExpect full year 2021 Analytics revenue to grow, on a year over year basis, more than 50% SANTA CLARA, Calif., Nov. 09, 2021 (GLOBE NEWSWIRE) -- PDF Solutions, Inc. (Nasdaq: PDFS), a leading provider of comprehensive data solutions for the semiconductor ecosystem, today announced financial results for its third quarter ended September 30, 2021. Highlights of Third Quarter 2021 Financial Results Total revenues for the third quarter of 2021 were $29.6 million, compared to $27.4 million for the second quarter of 2021 and $23.1 million for the third quarter of 2020. Analytics revenue for the third quarter of 2021 was $27.2 million, compared to $19.6 million for the second quarter of 2021 and $14.3 million for the third quarter of 2020. Integrated Yield Ramp revenue for the third quarter of 2021 was $2.4 million, compared to $7.8 million for second quarter of 2021 and $8.8 million for the third quarter of 2020. GAAP gross margin for the third quarter of 2021 was 63%, compared to 61% for the second quarter of 2021 and 59% for the third quarter of 2020. Non-GAAP gross margin for the third quarter of 2021 was 66%, compared to 65% for the second quarter of 2021 and 63% for the third quarter of 2020. On a GAAP basis, net loss for the third quarter of 2021 was $2.4 million, or ($0.06) per basic and diluted share, compared to a net loss of $4.5 million, or ($0.12) per basic and diluted share, for the second quarter of 2021, and net loss of $2.7 million, or ($0.08) per basic and diluted share, for the third quarter of 2020. Non-GAAP net income for the third...