NASDAQ$PDFS

PDF Solutions Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Reported first quarter 2021 results, with analytics revenue up 46% over last year’s comparable quarter.

PDF Solutions reported total revenues of $24.2 million for the first quarter of 2021, a 14% increase compared to the first quarter of 2020. Analytics revenue grew by 46% year-over-year, accounting for 80% of total revenues. The company's GAAP net loss was $7.6 million, or ($0.21) per basic and diluted share, while non-GAAP net loss was $1.9 million, or ($0.05) per diluted share.

  • Total revenues of $24.2 million, up 14% over last year’s comparable quarter
  • Analytics revenue of $19.4 million, up 46% over last year’s comparable quarter
  • Analytics revenue accounted for 80% of total revenues
  • Ended the quarter with cash, cash equivalents, and short-term investments of $132.3 million

Headline financials

Total Revenue

$24.2M

Previous: $21.2M+14.4%
EPS (adj)

-$0.05

Previous: -$0.02-209.6%
Non-GAAP Gross Margin

61.0%

Previous: 65.0%-6.2%
Capital Expenditures

-$586K

Previous: -$2.07M+71.7%
Free Cash Flow

-$8.18M

Previous: -$2.6M-215.2%
Net Income

-$7.6M

Previous: -$528K-1338.8%
Operating Income

-$32.7M

Previous: -$26.6M-22.7%
Gross Profit

$13.5M

Previous: $12.7M+6.8%
Cash & Equivalents

$74.3M

Previous: $100M-26.0%
Total Assets

$271M

Previous: $239M+13.3%
Stock-Based Comp

$3.37M

Previous: $3.37M+0.0%

Revenue & EPS history

PDF Solutions · Revenue · Quarterly

$24.2M

Q1 2021+14.4%vs Q1 2020
Beat estimate in 6 of 16 quarters(38%)
ActualEstimate

Forward guidance

For the full year, PDF Solutions expects Analytics revenues to grow in excess of their 20% annual target and for total revenues to approach 20% annual growth.

Tailwinds

  • Analytics revenues to grow in excess of 20% annual target
  • Total revenues to approach 20% annual growth

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

+0.8%

Avg return

Earnings day

-1.2%

Avg return

5 days after

-0.7%

Avg return

30 days after

57%

37 / 65 earnings

Positive

+28.1%

Q3 2022

Best reaction

-19.5%

Q1 2017

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+8.4%+8.1%+7.9%
Q4 2025+4.9%+3.6%-1.1%
Q3 2025-3.5%-5.5%+8.2%
Q1 2025-6.0%+1.5%-1.8%
Q4 2024-18.2%-21.6%-22.8%
Q3 2024+5.7%+4.7%-3.7%
Q2 2024+8.5%+11.7%+0.3%
Q1 2024+5.7%+4.3%+5.3%
Q4 2023+3.3%+4.2%-4.1%
Q3 2023+1.1%+5.8%+9.1%
Q2 2023-14.9%-19.1%-21.6%
Q1 2023-13.0%-7.7%+13.1%
Q4 2022+11.1%+11.1%+16.5%
Q3 2022+28.1%+28.8%+28.7%
Q2 2022+4.3%+1.5%-3.4%
Q1 2022+4.3%+7.5%-2.6%
Q4 2021+1.0%-12.0%-7.9%
Q3 2021+26.3%+31.1%+23.6%
Q2 2021+14.2%+11.4%+20.6%
Q1 2021+3.2%-5.5%-7.6%
Q4 2020-14.9%-17.4%-18.6%
Q3 2020+1.7%-2.0%+13.2%
Q2 2020-12.2%-13.6%-23.4%
Q1 2020+9.0%+3.1%+15.1%
Q4 2019-3.7%-6.5%-39.9%
Q3 2019+0.1%-4.2%-3.9%
Q2 2019-4.5%-10.0%-12.3%
Q1 2019+5.8%+6.2%-6.4%
Q4 2018+14.4%+16.1%+27.1%
Q3 2018+5.1%+0.2%-0.8%
Q2 2018-6.4%-10.4%-18.1%
Q1 2018-16.2%-7.0%+7.8%
Q4 2017-11.1%-13.9%-4.7%
Q3 2017-7.9%-5.8%+13.0%
Q2 2017-14.3%-18.6%-25.7%
Q1 2017-19.5%-27.2%-30.1%
Q4 2016-1.8%-2.6%-4.8%
Q3 2016+3.4%+0.3%+23.4%
Q2 2016+2.7%+3.8%+5.9%
Q1 2016-3.9%
Q4 2015+12.6%
Q3 2015-3.3%
Q2 2015+10.8%
Q1 2015-14.0%
Q4 2014+2.9%
Q3 2014+6.2%
Q2 2014-2.6%
Q1 2014+5.0%
Q4 2013+4.6%
Q3 2013+0.4%
Q2 2013+4.5%
Q1 2013+13.7%
Q4 2012+6.0%
Q3 2012+0.7%
Q2 2012+7.5%
Q1 2011-2.1%
Q1 2012+16.1%
Q4 2009-3.1%
Q4 2011-3.1%
Q3 2011-3.0%
Q2 2011-4.0%
Q2 2010-4.0%
Q4 2010-4.0%
Q3 2010-0.2%
Q1 2010+5.3%

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