PDF Solutions Reports Second Fiscal Quarter Results

PDF Solutions (NASDAQ:PDFS), a leading provider of process-design integration technologies to enhancing integrated circuit manufacturability announced financial results for its second fiscal quarter ended June 30, 2018.

The company said that its total revenues for the second fiscal quarter of 2018 were US$21.1 million as compared US$24.3 million for the second fiscal quarter of 2017. PDF Solutions noted that as compared to the first quarter of 2018, its revenues were down 15 percent.

As quoted in the press release:

Design-to-silicon-yield solutions revenue for the second fiscal quarter of 2018 was $15.3 million, down 16% from $18.2 million for the first fiscal quarter of 2018 and down 7% from $16.5 million for the second fiscal quarter of 2017. Gainshare performance incentives revenue for the second fiscal quarter of 2018 was $5.9 million, down 11% from $6.5 million for the first fiscal quarter of 2018 and down 25% from $7.8 million for the second fiscal quarter of 2017.

On a GAAP basis, net loss for the second fiscal quarter of 2018 was $2.1 million, or $0.07 per basic and diluted share, compared to net loss of $0.4 million, or $0.01 per basic and diluted share, for the first fiscal quarter of 2018, and compared to net income of $0.2 million, or $0.01 per basic and diluted share, for the second fiscal quarter of 2017.

Cash and cash equivalents at June 30, 2018, were $100.9 million, compared to $101.3 million at December 31, 2017.

Non-GAAP net income for the second fiscal quarter of 2018 was $0.8 million, or $0.02 per diluted share, compared to $2.2 million, or $0.07 per diluted share, for the first fiscal quarter of 2018, and compared to $2.7 million, or $0.08 per diluted share, for the second fiscal quarter of 2017. EBITDAR for the second fiscal quarter of 2018 was $1.7 million, compared to $3.8 million for the first fiscal quarter of 2018 and compared to $3.7 million for the second fiscal quarter of 2017.

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