PDF Solutions ( (PDFS) ) has released its Q4 earnings. Here is a breakdown of the information PDF Solutions presented to its investors.
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PDF Solutions, Inc. is a leading provider of data solutions for the semiconductor and electronics industries, helping organizations improve product yield and operational efficiency through advanced analytics and machine learning.
In its latest earnings report for the fourth quarter and full year of 2024, PDF Solutions announced record revenues, showcasing significant growth in its analytics segment. The company reported a strong financial performance despite challenges in the broader technology sector.
For the fourth quarter of 2024, PDF Solutions reported total revenues of $50.1 million, marking a 22% increase compared to the same period last year. The company’s analytics revenue also reached $47.9 million, reflecting similar growth. The gross margins for the quarter stood at 68% on a GAAP basis and 72% on a non-GAAP basis. For the full year, the company achieved total revenues of $179.5 million, an 8% increase from 2023, with a backlog of $221.4 million by year-end.
The company’s net income for the fourth quarter was $0.5 million on a GAAP basis, translating to $0.01 per diluted share. However, the non-GAAP net income was significantly higher at $9.9 million, or $0.25 per diluted share. For the year 2024, GAAP net income was $4.1 million, while non-GAAP net income reached $32.6 million.
Looking ahead, PDF Solutions is optimistic about 2025, anticipating a revenue growth rate approaching 15% year-over-year. The company continues to focus on expanding its customer base and enhancing its product offerings to drive further growth.
