Slide 1: Q3 2020 Management Report
PDF/SOLUTIONS Q3 2020 Management Report November 5, 2020
Slide 2: Contents
Contents = Q3 2020 Results — Overview — Revenue by Geographic Area — Key Financial & Operating Metrics = Q3 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 Third Quarter 2020 Results
PDF Solutions Reports Third Quarter 2020 Results Q3 2020 Key Metrics FINANCIAL RESULTS SUMMARY Revenue: $23.1M = Q3 2020 Total revenues of $23.1M, up 8% over Q2 2020, and up 5% over GAAP Gross Margin: 59% 03 2019. Non-GAAP Gross Margin: 63% = Q32020 Analytics revenue of $14.3M, down 5% over Q2 2020,
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™ Q3'20. @2’'20. Q1’20. A419 319 $7,754 $9,969 $8,687 $11,007 $7,384 34% 46% 41% 49% 34% $3,581 $3,983 $3,561 $3,363 $3,355 15% 19% 17% 15% 15% 11,777 7,457 $8,910
Slide 5: Key Financial & Operating Metrics — Quarterly
Key Financial & Operating Metrics — Quarterly (in thousands, except share data, which is in millions, and percentages) Revenues GAAP Gross Margin Non-GAAP Gross Margin Outstanding Debt Operating Cash Flow Capital Expenditures (CAPEX) $ Shares Repurchased Weighted Average Common Shares Outstanding Ef
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 excludes stock-based compensation
Slide 7: Net Income (Loss)
Reconciliation of GAAP to Non-GAAP Net Income (Loss) (in thousands, except for shares and per share amounts) Qx200 G7200 T2049 319. GAAP net loss $ (2.734) $ (3,652) $(528)§ (1,330) $ (687) Adjustments to reconcile GAAP net loss to non- GAAP net income (loss): Stock-based compensation expense 3130-2
Slide 8: Spending by Function
Reconciliation of GAAP to Non-GAAP Spending by Function (in thousands) Qx200 2200 120419319 Cost of Revenue - GAAP $9,493 $8,946 $ 8,487 $ 9,059 $ 8,715 Adjustments to reconcile GAAP Cost of Revenue to non-GAAP Cost of Revenue Stock-based compensation expense (790) (883) (909) (782) (745) Amortizati