NASDAQ$PDFS

PDF Solutions Inc · Q1 2023 earnings

Q1 2023 earnings · · Investor relations

Briefing

PDF Solutions reported record quarterly revenues and increased earnings per share compared to last year's comparable quarter.

PDF Solutions reported first quarter 2023 financial results with record quarterly revenues of $40.8 million, a GAAP gross margin of 71%, and a non-GAAP gross margin of 75%. GAAP diluted EPS was $0.01, and non-GAAP diluted EPS was $0.19.

  • Record quarterly revenues of $40.8 million, up 22% year-over-year.
  • GAAP gross margin of 71% and Non-GAAP gross margin of 75%.
  • GAAP diluted EPS of $0.01 and non-GAAP diluted EPS of $0.19.
  • Cash, cash equivalents and short-term investments were $133.5 million.

Headline financials

Total Revenue

$40.8M

Previous: $33.5M+21.7%
EPS (adj)

$0.19

Previous: $0.09+111.1%
Non-GAAP Gross Margin

75.0%

Previous: 69.0%+8.7%
Capital Expenditures

-$2.9M

Previous: -$1.77M-64.4%
Free Cash Flow

-$2.55M

Previous: -$5.92M+56.9%
Net Income

$355K

Previous: -$4.15M+108.6%
Operating Income

-$41.9M

Previous: -$37.9M-10.7%
Gross Profit

$28.9M

Previous: $22M+31.3%
Cash & Equivalents

$114M

Previous: $35.8M+219.5%
Total Assets

$279M

Previous: $266M+5.2%
Stock-Based Comp

$4.88M

Previous: $5.55M-12.0%

Revenue & EPS history

PDF Solutions · Revenue · Quarterly

$40.8M

Q1 2023+21.7%vs Q1 2022
Beat estimate in 13 of 15 quarters(87%)
ActualEstimate

Forward guidance

The company expects 2023 revenue growth rate to approach mid-teens percent on a year-over-year basis.

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 2023

Historical avgQ1 2023

+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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