PDF Solutions® Reports First Fiscal Quarter Results

PDF Solutions Inc (NASDAQ:PDFS), the leading provider of process-design integration technologies that enhance integrated circuit manufacturability announced financial results for its first fiscal quarter ending March 31, 2018.

The company’s total revenues for the first quarter were $24.7 million, down eight percent as compared to previous quarter.

As quoted in the press release:

Design-to-silicon-yield solutions revenue for the first fiscal quarter of 2018 was $18.2 million, down 4% from $19.0 million for the fourth fiscal quarter of 2017 and down 8% from $19.7 million for the first fiscal quarter of 2017. Gainshare performance incentives revenue for the first fiscal quarter of 2018 was $6.5 million, down 16% from $7.8 million for the fourth fiscal quarter of 2017 and up 43% from $4.6 million for the first fiscal quarter of 2017.

On a GAAP basis, net loss for the first fiscal quarter of 2018 was $0.4 million, or $0.01 per basic and diluted share, compared to net loss of $2.6 million, or $0.08 per basic and diluted share, for the fourth fiscal quarter of 2017, and compared to net income of $0.5 million, or $0.02 per basic and diluted share, for the first fiscal quarter of 2017.

Cash and cash equivalents at March 31, 2018, were $98.5 million, compared to $101.3 million at December 31, 2017.

Non-GAAP net income for the first fiscal quarter of 2018 was $2.2 million, or $0.07 per diluted share, compared to $4.2 million, or $0.13 per diluted share, for the fourth fiscal quarter of 2017, and compared to $2.6 million, or $0.08 per diluted share, for the first fiscal quarter of 2017. EBITDAR for the first fiscal quarter of 2018 was $3.8 million, compared to $5.5 million for the fourth fiscal quarter of 2017 and compared to $3.5 million for the first fiscal quarter of 2017.

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