PDFS
PDF Solutions, Inc.29.04
-0.89-2.97%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Q&A details DirectScan, secureWISE ramps
Q&A fleshed out execution on key growth drivers, confirming six DirectScan eProbes in field now with plans to nearly double them in 2026 via subscriptions, holding CapEx steady at 2025's $33M. SecureWISE cross-sells accelerate through Cimetrix SDK on over 8,000 tools, fab expansions, and OSAT integration via DEX. Sapience partnership targets finance penetration; debt paydown follows cash rebuild. Analysts probed ramps and revenue mix; management answered directly, no walk-backs. Answers were crisp. Investors watch DirectScan adoption and cross-sell traction for 20% growth durability.
Key Stats
Market Cap
1.15BP/E (TTM)
-Basic EPS (TTM)
-0.01Dividend Yield
0%Recent Filings
10-K
FY2025 results
PDF Solutions posted FY2025 revenues of $219M, up 22% y/y, with Platform at $181M (+15%) fueled by CV fixed fees and new secureWISE contributions, while Volume-based soared 70% to $38M on Gainshare and runtime licenses. Q4 momentum shone through SecureWise acquisition in March, connecting 300+ sites, yet net loss flipped to -$0.6M from $4.1M profit amid acquisition costs, $4M interest, and $2.5M legal fees chasing SMIC award. Debt stands at $68M with $45M revolver available; buybacks nibbled $0.2M. Cash generated $24M operations. Customer concentration risks quarterly flows.
8-K
Record $219M revenue
PDF Solutions crushed 2025 with record full-year revenues of $219M, up 22% year-over-year, and Q4 at $62.4M, up 25%. Platform revenue hit $181M while volume-based soared 70%; they snapped up SecureWise in March for secure connectivity. Backlog stands at $254M. Revenues grow with 20% long-term target.
8-K
10-Q Analytics revenue correction
PDF Solutions corrected an error in its September 30, 2025 10-Q Financial Highlights, filed November 6. Analytics revenue rose for the nine months, driven partly by higher DFI systems sales yet partially offset by lower Exensio software licenses—not a decrease in DFI as originally stated. Correction clarifies revenue drivers. Filing under Reg FD.
8-K
Record Q3 revenues up 23%
10-Q
Q3 FY2025 results
PDF Solutions posted Q3 revenues of $57.1M, up 23% y/y from $46.4M, with Analytics at $54.7M (up 22% y/y) driving the surge while Integrated Yield Ramp added $2.5M (up 48% y/y). Operating income hit $4.8M, up from $2.1M y/y, but net income dipped to $1.3M from $2.2M due to $1.2M interest expense on new debt. Closed SecureWise acquisition in March 2025 for $130M cash, recognizing $81.8M goodwill and $47.1M finite-lived intangibles (amortized over 1-13 years). Cash sits at $35.9M with $68.8M debt (term loan/revolver due 2030); operating cash flow YTD $6.7M. Customer A took 38% of Q3 revenue. Debt covenants bind buybacks.
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