PDF Solutions reported record total revenues of $33.5 million for Q1 2022, a 38% increase year-over-year, with analytics revenue up 57% to $30.4 million. The company's GAAP net loss was $4.2 million, or ($0.11) per share, while non-GAAP net income was $3.7 million, or $0.09 per diluted share.
Total revenues reached a record $33.5 million, up 38% year-over-year.
Analytics revenue increased by 57% year-over-year, accounting for 91% of total revenues.
Bookings for the first quarter of 2022 increased more than 90% year-over-year.
Backlog grew to $196.8 million as of March 31, 2022, a 10% increase from December 31, 2021.
Expect full year 2022 total revenues to grow between 20-25% on a year-over-year basis
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