PDF SOLUTIONS, INC. | |||||||||||
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) | |||||||||||
(In thousands, except per share amounts) | |||||||||||
Three months ended | |||||||||||
March 31, | December 31, | March 31, | |||||||||
2018 | 2017 | 2017 | |||||||||
Revenues: | |||||||||||
Design-to-silicon-yield solutions | $ | 18,190 | $ | 19,010 | $ | 19,698 | |||||
Gainshare performance incentives | 6,547 | 7,766 | 4,591 | ||||||||
Total revenues | 24,737 | 26,776 | 24,289 | ||||||||
Costs of Design-to-silicon-yield solutions: | |||||||||||
Direct costs of Design-to-silicon-yield solutions | 11,338 | 12,137 | 11,335 | ||||||||
Amortization of acquired technology | 144 | 144 | 96 | ||||||||
Total costs of Design-to-silicon-yield solutions | 11,482 | 12,281 | 11,431 | ||||||||
Gross profit | 13,255 | 14,495 | 12,858 | ||||||||
Operating expenses: | |||||||||||
Research and development | 7,245 | 7,646 | 7,282 | ||||||||
Selling, general and administrative | 6,375 | 5,909 | 5,899 | ||||||||
Amortization of other acquired intangible assets | 109 | 107 | 92 | ||||||||
Total operating expenses | 13,729 | 13,662 | 13,273 | ||||||||
Income from operations | (474 | ) | 833 | (415 | ) | ||||||
Interest and other income (expense), net | (331 | ) | 42 | (230 | ) | ||||||
Income (loss) before income taxes | (805 | ) | 875 | (645 | ) | ||||||
Income tax provision (benefit) | (381 | ) | 3,509 | (1,162 | ) | ||||||
Net income (loss) | $ | (424 | ) | $ | (2,634 | ) | $ | 517 | |||
Net income (loss) per share: | |||||||||||
Basic | $ | (0.01 | ) | $ | (0.08 | ) | $ | 0.02 | |||
Diluted | $ | (0.01 | ) | $ | (0.08 | ) | $ | 0.02 | |||
Weighted average common shares: | |||||||||||
Basic | 32,168 | 31,971 | 31,991 | ||||||||
Diluted | 32,168 | 31,971 | 33,594 | ||||||||
PDF Solutions® Reports First Fiscal Quarter Results
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