Slide 1: Q2 2020 Management Report
PDF/SOLUTIONS Q2 2020 Management Report August 6, 2020
Slide 2: Contents
Contents = Q2 2020 Results — Overview — Revenue by Geographic Area — Key Financial & Operating Metrics = Q2 2020 Non-GAAP Results — Reconciliation of GAAP to Non-GAAP Net Income (Loss) — Reconciliation of GAAP to Non-GAAP Spending by Function = Related Information The following commentary is provide
Slide 3: PDF Solutions Reports Second Quarter 2020 Results
PDF Solutions Reports Second Quarter 2020 Results Q2 2020 Key Metrics Revenue: $21.4M GAAP Gross Margin: 58% Non-GAAP Gross Margin: 63% GAAP EPS: ($0.11) Non-GAAP EPS: $0.01 Operating Cash Flow: $5.2M Capital Expenditures: $1.9M PDF/SOLUTIONS™ FINANCIAL RESULTS SUMMARY = Q22020 Total revenues of $21
Slide 4: Revenue by Geographic Area
Revenue by Geographic Area (Dollars in thousands) North America % of Total Europe % of Total APAC % of Total Total revenues PDF/SOLUTIONS™ Q2’'20. Q1'20. A419) 319 = 219 $9,969 $8,687 $11,007 $7,384 $8,636 46% 41% 49% 34% 42% $3,983 $3,561 $3,363 $3,355 $3,147 19% 17% 15% 15% 15% 7,457 $8,910 $8,192
Slide 5: Key Financial & Operating Metrics — Quarterly
Key Financial & Operating Metrics — Quarterly (in thousands, except share data, which is in millions, and percentages) 9220 © Q1'20 449 349249 Revenues $21,409 $21,158 $22,562 $21,914 $20,568 GAAP Gross Margin 58% 60% 60% 60% 62% Non-GAAP Gross Margin 63% 65% 64% 64% «= 67% Outstanding Debt $0 ct) s
Slide 6: GAAP / Non-GAAP Presentation
GAAP / Non-GAAP Presentation In addition to providing results that are determined in accordance with Generally Accepted Accounting Principles in the United States of America (GAAP), the Company also provides certain non-GAAP financial measures. Non-GAAP gross margin and Non-GAAP net income (loss) ex
Slide 7: Net Income (Loss)
Reconciliation of GAAP to Non-GAAP Net Income (Loss) (in thousands, except for shares and per share amounts) GAAP net loss $ (3.652) $628) $ (1,330) $ (687) $ (710) Adjustments to reconcile GAAP net loss to non-GAAP net income (loss) Stock-based compensation expense 2978 3,368 = 2.782 2.732 2.434 Am
Slide 8: Spending by Function
Reconciliation of GAAP to Non-GAAP Spending by Function (in thousands) 220 at20 aat9 319219 Cost of Revenue - GAAP $8,946 $8,487 $9,059 $ 8,715 $ 7,832 Adjustments to reconcile GAAP Cost of Revenue to non-GAAP Cost of Revenue Stock-based compensation expense (883) (909) (782) (745) (799) ‘Amortizati