Slide 1: 2019 Q4 Management Report
Exhibit 99.2 pF/SOLUTIONS 2019 Q4 Management Report February 13, 2020 pat/SoustioNs 2/70 Saute
Slide 2: Contents
Contents @ 2019 4 Results © Overview © Revenue Detail * Key Financial & Operating Metrics @ 2019 Q4 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 provided by managem
Slide 3: PDF Solutions Reports Fourth Quarter Results
PDF Solutions Reports Fourth Quarter Results Q4 2019 Key Metrics FINANCIAL RESULTS SUMMARY Revenue: $22.6M * Total revenues for the fourth quarter of 2019 were $22.6 million, up 3% from $21.9 million the third quarter of 2019, GAAP Gross margin: 60% and up 15% from $19.7 million for the fourth quart
Slide 4: Revenue Detail — Quarterly Q4 2018 Through Q4 2019
Revenue Detail — Quarterly Q4 2018 Through Q4 2019 Revenue by Type Q418 =6tt9 249 3g ag Analytics revenue $10,351 $11,434 $11,974 $12,691 $13,527 % of Total 52% 56% 58% 58% 60% Integrated yield ramp revenue $9,374 $9,107 $8,593 $9,223 $9,035 % of Total 48% 44% 42% 42% 40% Total revenues $19,725 $20,
Slide 5: Key Financial & Operating Metrics - Quarterly Q4 2018 Through Q4 2019
Key Financial & Operating Metrics - Quarterly Q4 2018 Through Q4 2019 Key Financial & Operating Metrics (in thousands, except share data, which is in millions, and percentages) Q4g arg Q219 Q3"19 9419 Revenues $19,725 $20,541 $20,568 $21,914 $22,562 GAAP Gross Margin 51% 62% 62% 60% 60% Non-GAAP Gro
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 $ (3.114)$ (2.691) $ (710) $ (687)$ (1,330) Adjustments to reconcile GAAP net loss to non-GAAP net income (loss): Stock-based compensation expense 2,470 3,476 2,434 2,732 2,782
Slide 8: Spending by Function
Reconciliation of GAAP to Non-GAAP Spending by Function (in thousands) gag tig 219 319 Q4"19 Cost of Revenue-GAAP $ 9,721 $ 7,867 $ 7,832 $ 8,715 $ 9,059 Adjustments to reconcile GAAP Cost of Revenue to non-GAAP Cost of Revenue: Stock-based compensation expense (786) (860) (799) (745) (782) Amortiza