PDF Solutions® Reports Fourth Quarter and Full Year 2019 Results

PDF SOLUTIONS, INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) (1) 
(In thousands, except per share amounts)

   Three months ended   Year ended  
   December 31,   September 30,   December 31,   December 31,   December 31, 
   2019   2019   2018   2019   2018 
                     
Revenues:                    
Analytics $13,527  $12,691  $10,351  $49,627  $38,502 
Integrated yield ramp  9,035   9,223   9,374   35,958   47,292 
Total revenues  22,562   21,914   19,725   85,585   85,794  
                                         
Costs and Expenses:                                        
Costs of revenues     9,059       8,715       9,721       33,474       42,803  
Research and development     8,754       8,435       6,898       32,747       27,998  
Selling, general and administrative     6,359       5,990       6,133       26,299       23,934  
Amortization of other acquired intangible assets     173       174       109       609       435  
Restructuring charges                 576       92       576  
Interest and other expense (income), net     31       (202 )     (210 )     (276 )     (493 )
Loss before income taxes     (1,814 )     (1,198 )     (3,502 )     (7,360 )     (9,459 )
Income tax benefit     (484 )     (511 )     (388 )     (1,942 )     (1,743 )
Net loss   $ (1,330 )   $ (687 )   $ (3,114 )   $ (5,418 )   $ (7,716 )
                                         
Net loss per share:                                        
Basic   $ (0.04 )   $ (0.02 )   $ (0.10 )   $ (0.17 )   $ (0.24 )
Diluted   $ (0.04 )   $ (0.02 )   $ (0.10 )   $ (0.17 )   $ (0.24 )
                                         
Weighted average common shares:                                        
Basic     32,429       32,392       32,306       32,411       32,169  
Diluted     32,429       32,392       32,306       32,411       32,169  

_______________________

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