PDF Solutions® Reports First Quarter 2024 Results


PDF SOLUTIONS, INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)
(In thousands, except per share amounts)
         
   Three months ended
   March 31,   December 31,   March 31, 
      2024      2023      2023 
         
Revenues:            
Analytics $38,463  $39,128  $36,326 
Integrated yield ramp  2,847   1,997   4,433 
Total revenues  41,310   41,125   40,759 
          
Costs and Expenses:           
Costs of revenues  13,529   13,194   11,904  
Research and development     12,984       12,308       13,051  
Selling, general, and administrative     16,498       16,194       15,645  
Amortization of acquired intangible assets     259       306       325  
Interest and other expense (income), net     (1,692 )     (1,020 )     (911 )
Income (loss) before income taxes     (268 )     143       745  
Income tax benefit (expense)     (125 )     744       (390 )
Net income (loss)   $ (393 )   $ 887     $ 355  
                   
Net income (loss) per share:                  
Basic   $ (0.01 )   $ 0.02     $ 0.01  
Diluted   $ (0.01 )   $ 0.02     $ 0.01  
                   
Weighted average common shares used to calculate net income (loss) per share:                  
Basic     38,500       38,269       37,737  
Diluted     38,500       38,814       38,859  

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