PDF Solutions® Reports Fourth Quarter and Full Year 2022 Results

PDF SOLUTIONS, INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)
(In thousands, except per share amounts)

  Three months ended   Year ended
  December 31,   September 30,   December 31,   December 31,   December 31, 
  2022  2022  2021      2022  2021
               
Revenues:               
Analytics$36,058  $32,879  $27,250  $130,480  $93,415 
Integrated yield ramp 4,465   6,981   2,636   18,069   17,645 
Total revenues 40,523   39,860    29,886       148,549       111,060  
                               
Costs and Expenses:                              
Costs of revenues   11,791       12,545       11,675       47,907       44,193  
Research and development   14,360       14,303       11,218       56,126       43,780  
Selling, general and administrative   12,724       12,005       9,167       45,338       37,649  
Amortization of acquired intangible assets   324       318       313       1,270       1,255  
Write-down in value of property and equipment               3,183             3,183  
Interest and other expense (income), net   250       (1,511 )     (292 )     (2,562 )     (683 )
Income (loss) before income taxes   1,074       2,200       (5,378 )     470       (18,317 )
Income tax expense   591       815       1,622       3,899       3,171  
Net income (loss) $ 483     $ 1,385     $ (7,000 )   $ (3,429 )   $ (21,488 )
                               
Net income (loss) per share:                              
Basic $ 0.01     $ 0.04     $ (0.19 )   $ (0.09 )   $ (0.58 )
Diluted $ 0.01     $ 0.04     $ (0.19 )   $ (0.09 )   $ (0.58 )
                               
Weighted average common shares used to calculate net income (loss) per share:                              
Basic   37,379       37,226       37,348       37,309       37,138  
Diluted   38,276       38,054       37,348       37,309       37,138  
                                       

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