PDF Solutions reported a total revenue of $21.2 million for Q1 2020, a 3% increase compared to Q1 2019. The company's analytics revenue grew by 16% year-over-year, accounting for 63% of the total revenue. The company generated $5.4 million in cash from operating activities and held $100.4 million in cash and cash equivalents at the end of the quarter.
Total revenues reached $21.2 million, a 3% increase year-over-year.
Analytics revenues grew by 16% to $13.2 million, representing 63% of total revenues.
GAAP Gross Margin was 60% for the first quarter of 2020.
Operating activities generated $5.4 million in cash during the first quarter of 2020.
The statements planned to be made on the planned conference call regarding the Company’s future expected business performance and financial results are forward looking and are subject to future events and circumstances. Actual results could differ materially from those expressed in these forward-looking statements.
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