PDF SOLUTIONS, INC. | ||||||||||||||||||||
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) | ||||||||||||||||||||
(In thousands, except per share amounts) | ||||||||||||||||||||
Three months ended | Twelve months ended | |||||||||||||||||||
December 31, | September 30, | December 31, | December 31, | December 31, | ||||||||||||||||
2017 | 2017 | 2016 | 2017 | 2016 | ||||||||||||||||
Revenues: | ||||||||||||||||||||
Design-to-silicon-yield solutions | $ | 19,010 | $ | 19,229 | $ | 19,458 | $ | 74,436 | $ | 77,162 | ||||||||||
Gainshare performance incentives | 7,766 | 7,288 | 8,975 | 27,435 | 30,299 | |||||||||||||||
Total revenues | 26,776 | 26,517 | 28,433 | 101,871 | 107,461 | |||||||||||||||
Costs of Design-to-silicon-yield solutions: | ||||||||||||||||||||
Direct costs of Design-to-silicon-yield solutions | 12,137 | 12,295 | 12,040 | 47,050 | 44,074 | |||||||||||||||
Amortization of acquired technology | 144 | 136 | 96 | 471 | 374 | |||||||||||||||
Total costs of Design-to-silicon-yield solutions | 12,281 | 12,431 | 12,136 | 47,521 | 44,448 | |||||||||||||||
Gross profit | 14,495 | 14,086 | 16,297 | 54,350 | 63,013 | |||||||||||||||
Operating expenses: | ||||||||||||||||||||
Research and development | 7,646 | 7,875 | 7,171 | 30,078 | 27,559 | |||||||||||||||
Selling, general and administrative | 5,909 | 5,680 | 6,290 | 23,684 | 22,056 | |||||||||||||||
Amortization of other acquired intangible assets | 107 | 107 | 92 | 398 | 432 | |||||||||||||||
Total operating expenses | 13,662 | 13,662 | 13,553 | 54,160 | 50,047 | |||||||||||||||
Income from operations | 833 | 424 | 2,744 | 190 | 12,966 | |||||||||||||||
Interest and other income (expense), net | 42 | (104 | ) | 378 | (264 | ) | (10 | ) | ||||||||||||
Income (loss) before income taxes | 875 | 320 | 3,122 | (74 | ) | 12,956 | ||||||||||||||
Income tax provision (benefit) | 3,509 | (270 | ) | 197 | 1,263 | 3,853 | ||||||||||||||
Net income (loss) | $ | (2,634 | ) | $ | 590 | $ | 2,925 | $ | (1,337 | ) | $ | 9,103 | ||||||||
Net income (loss) per share: | ||||||||||||||||||||
Basic | $ | (0.08 | ) | $ | 0.02 | $ | 0.09 | $ | (0.04 | ) | $ | 0.29 | ||||||||
Diluted | $ | (0.08 | ) | $ | 0.02 | $ | 0.09 | $ | (0.04 | ) | $ | 0.28 | ||||||||
Weighted average common shares: | ||||||||||||||||||||
Basic | 31,971 | 32,078 | 31,636 | 32,038 | 31,373 | |||||||||||||||
Diluted | 31,971 | 32,969 | 33,293 | 32,038 | 32,431 | |||||||||||||||
PDF Solutions® Reports Fourth Fiscal Quarter and Fiscal Year 2017 Results
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