Silvaco Reports First Quarter 2024 Financial Results


SILVACO GROUP, INC.
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
(Unaudited, in thousands except share and per share amounts)
  Three Months Ended March 31,
   2024    2023
Revenue:  
Software license revenue $                    12,258  $                    10,665 
Maintenance and service  3,631   3,626 
Total revenue   15,889    14,291 
Cost of revenue   1,973    2,025 
Gross profit   13,916    12,266 
Operating expenses:  
Research and development   3,616       3,375  
Selling and marketing     3,312       2,805  
General and administrative     4,600       4,553  
Total operating expenses     11,528       10,733  
Operating income     2,388       1,533  
Interest and other expense, net     205       331  
Income before income tax provision     2,183       1,202  
Income tax provision     805       388  
Net income   $ 1,378     $ 814  
Net income per share attributable to common stockholders:    
Basic and diluted   $ 0.07     $  0.04  
Weighted average shares used in computing per share amounts:                 
Basic and diluted   $ 20,000     $ 20,000  
                 



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