PDF Solutions® Reports Second Quarter 2024 Results

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

               
  Three months ended  Six months ended
  June 30,  March 31,  June 30,  June 30,  June 30,
  2024
  2024
  2023
  2024
  2023
              
Revenues:              
Analytics$38,114  $38,463  $37,134  $76,577  $73,460 
Integrated yield ramp 3,547   2,847   4,467   6,394   8,900 
Total revenues 41,661       41,310       41,601       82,971       82,360  
                             
Costs and Expenses:                            
Costs of revenues   12,230       13,529       12,369       25,759       24,273  
Research and development   12,649       12,984       12,264       25,633       25,315  
Selling, general, and administrative   16,259       16,498       14,766       32,757       30,411  
Amortization of acquired intangible assets   259       259       326       518       651  
Interest and other expense (income), net   (1,479 )     (1,692 )     (1,071 )     (3,171 )     (1,982 )
Income (loss) before income tax benefit (expense)   1,743       (268 )     2,947       1,475       3,692  
Income tax benefit (expense)   (38 )     (125 )     3,888       (163 )     3,498  
Net income (loss) $ 1,705     $ (393 )   $ 6,835     $ 1,312     $ 7,190  
                             
Net income (loss) per share:                            
Basic $ 0.04     $ (0.01 )   $ 0.18     $ 0.03     $ 0.19  
Diluted $ 0.04     $ (0.01 )   $ 0.17     $ 0.03     $ 0.18  
                             
Weighted average common shares used to calculate net income (loss) per share:                            
Basic   38,619       38,500       37,859       38,456       37,799  
Diluted   39,132       38,500       39,076       38,989       38,968  
 

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