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Mar 31, 2024
PDF Solutions Q1 2024 Earnings Report
PDF Solutions reported mixed results for Q1 2024, with a slight revenue increase and a GAAP loss, but a strong non-GAAP EPS.
Key Takeaways
PDF Solutions reported a slight increase in quarterly revenues, up 1% year-over-year to $41.3 million. However, GAAP diluted loss per share was ($0.01), while non-GAAP diluted earnings per share was $0.15. The company's backlog increased by 14% quarter-over-quarter, and it initiated a new $40 million stock repurchase program.
Total revenues increased by 1% year-over-year to $41.3 million.
Analytics revenues grew by 6% year-over-year to $38.5 million.
GAAP diluted loss per share was ($0.01), while non-GAAP diluted earnings per share was $0.15.
Backlog increased by 14% quarter-over-quarter to $262.2 million.
Forward Guidance
PDF Solutions anticipates revenue growth for the second half of the year to grow by 20% over the comparable period of the prior year.
Positive Outlook
- Bookings in the first quarter benefited greatly from our DFI investment
- Contract included an eProbe system.
- Enterprise platform and MLOps products drove our presales activity in the quarter.
- Strong start in the first quarter
- Revenue for the second half of the year to grow by 20% over the comparable period of the prior year
Historical Earnings Impact
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Avg. Return Before/After Earnings
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