Founded in 1991, PDF Solutions is headquartered in Santa Clara, California, with operations across North America, Europe, and Asia. The Company (directly or through one or more subsidiaries) is an active member of SEMI, INEMI, TPCA, IPC, the OPC Foundation, and DMDII. For the latest news and information about PDF Solutions or to find office locations, visit https://www.pdf.com.
PDF Solutions and the PDF Solutions logo are trademarks or registered trademarks of PDF Solutions, Inc. or its subsidiaries.
PDF SOLUTIONS, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED)
(In thousands)
| September 30, | December 31, | ||||||
|
2023
|
2022
| ||||||
| ASSETS | |||||||
| Current assets: | |||||||
| Cash and cash equivalents | $ | 111,620 | $ | 119,624 | |||
| Short-term investments | 23,744 | 19,557 | |||||
| Accounts receivable, net | 40,959 | 42,164 | |||||
| Prepaid expenses and other current assets | 18,001 | 12,063 | |||||
| Total current assets | 194,324 | 193,408 | |||||
| Property and equipment, net | 37,833 | 40,174 | |||||
| Operating lease right-of-use assets, net | 5,069 | 6,002 | |||||
| Goodwill | 15,008 | 14,123 | |||||
| Intangible assets, net | 16,486 | 18,055 | |||||
| Deferred tax assets, net | 32 | 64 | |||||
| Other non-current assets | 13,701 | 6,845 | |||||
| Total assets | $ | 282,453 | $ | 278,671 | |||
| LIABILITIES AND STOCKHOLDERS’ EQUITY | |||||||
| Current liabilities: | |||||||
| Accounts payable | $ | 2,633 | $ | 6,388 | |||
| Accrued compensation and related benefits | 11,502 | 16,948 | |||||
| Accrued and other current liabilities | 4,772 | 5,581 | |||||
| Operating lease liabilities ‒ current portion | 1,504 | 1,412 | |||||
| Deferred revenues ‒ current portion | 29,267 | 26,019 | |||||
| Billings in excess of recognized revenues | 240 | 1,852 | |||||
| Total current liabilities | 49,918 | 58,200 | |||||
| Long-term income taxes payable | 2,820 | 2,622 | |||||
| Non-current operating lease liabilities | 4,922 | 5,932 | |||||
| Other non-current liabilities | 3,229 | 1,905 | |||||
| Total liabilities | 60,889 | 68,659 | |||||
| Stockholders’ equity: | |||||||
| Common stock and additional paid-in-capital | 467,310 | 447,421 | |||||
| Treasury stock at cost | (143,587 | ) | (133,709 | ) | |||
| Accumulated deficit | (98,932 | ) | (101,150 | ) | |||
| Accumulated other comprehensive loss | (3,227 | ) | (2,550 | ) | |||
| Total stockholders’ equity | 221,564 | 210,012 | |||||
| Total liabilities and stockholders’ equity | $ | 282,453 | $ | 278,671 | |||
