NASDAQ$PDFS

PDF Solutions Inc · Q4 2023 earnings

Q4 2023 earnings · · Investor relations

Briefing

PDF Solutions reported slight revenue increase and positive GAAP and non-GAAP EPS for Q4 2023.

PDF Solutions reported Q4 2023 financial results, with total revenues of $41.1 million and analytics revenues of $39.1 million. The company's GAAP diluted earnings per share was $0.02, and non-GAAP diluted earnings per share was $0.15. Cash, cash equivalents and short-term investments totaled $135.5 million.

  • Analytics revenues reached $39.1 million, a 9% increase year-over-year.
  • Total quarterly revenues were $41.1 million, slightly up from the previous year.
  • GAAP gross margin was 68%, while non-GAAP gross margin was 72%.
  • GAAP diluted earnings per share stood at $0.02, and non-GAAP diluted earnings per share was $0.15.

Headline financials

Total Revenue

$41.1M

Previous: $40.5M+1.5%
EPS (adj)

$0.15

Previous: $0.19-21.1%
Capital Expenditures

$2.66M

Previous: $1.76M+51.4%
Free Cash Flow

-$633K

Previous: $22.5M-102.8%
Net Income

$887K

Previous: $483K+83.6%
Operating Income

-$877K

No prior period
Gross Profit

$28.5M

Previous: $28.7M-0.7%
R&D Expense

$12.3M

No prior period
Stock-Based Comp

$5.92M

Previous: $5.09M+16.4%

Revenue & EPS history

PDF Solutions · Revenue · Quarterly

$41.1M

Q4 2023+1.5%vs Q4 2022
Beat estimate in 13 of 15 quarters(87%)
ActualEstimate

Forward guidance

The company expects revenue for the first half of 2024 to be flat over the comparable period of the prior year and for revenue for the second half of the year to grow by 20% over the comparable period of the prior year.

Tailwinds

  • Strength of pipeline
  • Macro trends of distributed manufacturing
  • Energy electrification
  • AI
  • Significant growth driver

Headwinds

  • Short-term weakness in the semiconductor industry

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 2023

Historical avgQ4 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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