NASDAQ$PDFS

PDF Solutions Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Reported fourth quarter and full year 2021 results.

PDF Solutions reported a total revenue of $29.9 million for the fourth quarter of 2021, compared to $22.4 million for the fourth quarter of 2020. The GAAP gross margin for the fourth quarter of 2021 was 61%, and the non-GAAP gross margin was 65%. On a GAAP basis, net loss for the fourth quarter of 2021 was $7.0 million, or ($0.19) per basic and diluted share. Non-GAAP net income for the fourth quarter of 2021 was $2.8 million, or $0.07 per diluted share.

  • Record total full year 2021 revenues of $111.1 million, up 26% year over year
  • Analytics revenue accounted for 84% of total 2021 full year revenues
  • Bookings for full year 2021 up more than 40% compared to full year 2020 bookings
  • Backlog of $179.5 million as of December 31, 2021, up 66% compared to backlog as of December 31, 2020

Headline financials

Total Revenue

$29.9M

Previous: $22.4M+33.6%
EPS (adj)

$0.07

Previous: -$0.03+333.3%
GAAP Gross Margin

61.0%

Previous: 56.0%+8.9%
Non-GAAP Gross Margin

65.0%

Previous: 61.0%+6.6%
Capital Expenditures

$959K

Previous: $1.22M-21.3%
Free Cash Flow

-$543K

Previous: $9.69M-105.6%
Net Income

-$7M

Previous: -$33.4M+79.1%
Operating Income

-$5.38M

No prior period
Gross Profit

$18.2M

Previous: $12.5M+45.2%
Cash & Equivalents

$27.7M

Previous: $145M-80.9%
Total Assets

$274M

Previous: $288M-4.8%
Stock-Based Comp

$3.46M

Previous: $2.99M+15.7%

Revenue & EPS history

PDF Solutions · Revenue · Quarterly

$29.9M

Q4 2021+33.6%vs Q4 2020
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Forward guidance

Expect full year 2022 total revenues to grow greater than 20% 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 Q4 2021

Historical avgQ4 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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