PDF Solutions® Reports First Quarter 2024 Results


PDF SOLUTIONS, INC.
RECONCILIATION OF GAAP GROSS MARGIN TO NON-GAAP GROSS MARGIN (UNAUDITED)
(In thousands)
          
   Three months ended  
   March 31,   December 31,   March 31,  
      2024  2023  2023 
          
GAAP             
Total revenues $41,310 $41,125 $40,759 
Costs of revenues  13,529  13,194  11,904 
GAAP gross profit $27,781 $27,931 $28,855 
GAAP gross margin  67% 68% 71%
           
Non-GAAP             
GAAP gross profit $27,781 $27,931 $28,855 
Adjustments to reconcile GAAP to non-GAAP gross margin:           
Stock-based compensation expense  1,200  1,147     964  
Amortization of acquired technology     584     586     553  
Non-GAAP gross profit   $ 29,565   $ 29,664   $ 30,372  
Non-GAAP gross margin     72 %   72 %   75 %

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