Business
Silvaco Announces Preliminary Unaudited Fourth Quarter and Full-Year 2024 Results Ahead of Participation at Needham’s 27th Annual Growth Conference
Record fourth quarter 2024 bookings are expected to range between $20.1 and $20.4 million, up year-over-year by 29% to 31%. Record Fourth quarter 2024 revenue
About this update from Silvaco Group, Inc.
[{"type":"text","content":"Record fourth quarter 2024 bookings are expected to range between $20.1 and $20.4 million, up year-over-year by 29% to 31%. Record Fourth quarter 2024 revenue is expected to range between $17.7 and $18.1 million, up year-over-year by 41% to 45%. Signed 13 new customers in the fourth quarter 2024 as well as expanded our relationship with several existing customers across key markets including photonics, power, automotive, memory, and foundry. Fourth quarter 2024 GAAP gross margin is anticipated to reach 85% to 87%. Fourth quarter 2024 non-GAAP gross margin is anticipated to reach 88% to 90%. SANTA CLARA, Calif., Jan. 14, 2025 (GLOBE NEWSWIRE) -- Silvaco Group, Inc. (Nasdaq: SVCO) (“Silvaco” or the “Company”), a leading provider of TCAD, EDA software, and SIP solutions that enable semiconductor design and digital twin modeling through AI software and innovation, today announced preliminary unaudited results for the fourth quarter and full-year 2024, achieving record-breaking gross bookings and revenue. “We closed 2024 with record results for bookings and revenue, driven by sustained demand for our digital twin modeling platform and growth in key semiconductor markets,” said Dr. Babak Taheri, CEO of Silvaco. “Our strategic focus on innovation and execution continues to deliver value for our customers and stakeholders, setting the stage for further growth in 2025.” Dr. Taheri added, “I am proud of our ability to execute and close the year on a high note. The record-breaking results, coupled with strong non-GAAP gross margin performance, demonstrate the resilience of our business model and the trust our customers place in Silvaco’s solutions. We are confident in our ability to build on this momentum in the year ahead.” Fourth Quarter 2024 Business Highlights: Strategic Partnerships: Announced a partnership with Micon Global to expand Silvaco’s reach across the EMEA market, leveraging Micon’s expertise to deliver cutting-edge TCAD, EDA, and SIP solutions to new customers.CHIPS Act Participation: Joined the SMART USA Institute under the CHIPS Manufacturing USA program to advance digital twin technologies in semiconductor manufacturing, reinforcing Silvaco’s leadership in innovation.ISO 9001 Certification: Achieved ISO 9001 certification, underscoring Silvaco’s commitment to quality and continuous improvement across its TCAD, EDA, and S...