PDF Solutions® Reports First Fiscal Quarter Results
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PDF SOLUTIONS, INC. | | | | | | | | | |
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) | | | | |
(In thousands, except per share amounts) | | | | | | | | | | | | | | | | | | | |
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Three months ended | | |
March 31, | |
December 31, | |
March 31, | |
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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 | | | | | | | | | | | | | | |
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