Core Insights - Silvaco Group, Inc. achieved record gross bookings of $65.8 million and revenue of $59.7 million for the full year 2024, marking a 13% increase in gross bookings year-over-year and a 10% increase in revenue year-over-year [1][11][14] - The company signed 46 new customers in 2024 and expanded relationships with existing customers across key markets such as power, automotive, memory, foundry, and display [1][2] - Silvaco expanded its product portfolio through the acquisition of Cadence's Process Proximity Compensation product line, enhancing its EDA and TCAD tool suites [1][6][2] Business Highlights - In Q4 2024, Silvaco acquired 13 new customers, contributing approximately 9% to gross bookings for the quarter [6] - The company announced a partnership with Micon Global to enhance its reach in the EMEA market [6] - Silvaco joined the SMART USA Institute under the CHIPS Manufacturing USA program to advance digital twin technologies in semiconductor manufacturing [6] - The company received a $5.0 million follow-on order for its FTCO™ digital-twin modeling product from a strategic memory customer [6] Financial Performance - For Q4 2024, Silvaco reported revenue of $17.9 million, a 43% increase year-over-year and a 63% increase quarter-over-quarter [6] - TCAD revenue reached $12.7 million, up 65% year-over-year, while EDA revenue was $4.2 million, up 57% year-over-year [6] - The company achieved a GAAP net income of $4.2 million in Q4 2024, compared to a net loss of $2.2 million in Q4 2023 [11] - Non-GAAP net income for Q4 2024 was $4.3 million, compared to a non-GAAP net loss of $(1.6) million in Q4 2023 [11] Future Outlook - For Q1 2025, Silvaco expects gross bookings in the range of $16.0 million to $19.0 million and revenue between $14.5 million and $17.0 million [14] - For the full year 2025, the company anticipates gross bookings between $72.0 million and $79.0 million, representing a 9% to 20% increase from 2024 [14] - Revenue for 2025 is expected to be in the range of $66.0 million to $72.0 million, indicating an 11% to 21% increase from 2024 [14]

Core Insights - Silvaco Group, Inc. announced the strategic acquisition of Cadence's Process Proximity Compensation (PPC) product line, enhancing its capabilities in semiconductor design and digital twin modeling through AI software and innovation [1][2] Company Overview - Silvaco is a provider of TCAD, EDA software, and SIP solutions, focusing on semiconductor design and digital twin modeling across various markets including automotive, memory, and 5G/6G mobile [4] Acquisition Details - The PPC product line includes an optical proximity correction (OPC) suite of tools that will complement Silvaco's existing EDA and TCAD offerings, aiming to improve accuracy and efficiency in semiconductor manufacturing [2][3] - The acquisition is expected to enhance Silvaco's advanced computational lithography solutions, addressing the complexities of semiconductor manufacturing at advanced nodes [2][3] Strategic Goals - The acquisition aligns with Silvaco's strategy to provide a comprehensive digital full-flow solution and focus on faster-growing areas within its digital portfolio [3] - Silvaco aims to leverage the expertise and technology from Cadence to advance its AI-based FTCO platform and improve innovation and automation for customers [3] Market Position - The PPC product line has been adopted by leading semiconductor companies, providing Silvaco with complementary go-to-market opportunities and enhancing its EDA, TCAD, and AI-Driven Fab Technology Co-Optimization offerings [3][4] - The company reported record results for bookings and revenue in 2024, driven by demand for its digital twin modeling platform and growth in key semiconductor markets [4]

Group 1 - Silvaco Group, Inc. is currently under investigation for securities fraud, which raises concerns among investors [1] - Affected investors are encouraged to reach out to the Schall Law Firm for potential legal action [1]

Core Viewpoint - The Schall Law Firm is inviting shareholders who have incurred losses to participate in an inquiry regarding potential securities law violations by Silvaco Group, Inc. [1] Group 1 - The inquiry is focused on possible violations of securities laws that may have affected shareholders [1] - Shareholders are encouraged to join the inquiry if they have experienced financial losses related to their investments in Silvaco Group, Inc. [1] - The law firm aims to investigate the circumstances surrounding the alleged violations to determine the extent of the impact on shareholders [1]

Core Insights - Silvaco Group, Inc. reported record-breaking bookings and revenue for the fourth quarter of 2024, driven by strong demand for its digital twin modeling platform and growth in key semiconductor markets [2][3] Financial Highlights - Fourth quarter 2024 bookings are expected to be between $20.1 million and $20.4 million, reflecting a year-over-year increase of 29% to 31% [1][6] - Fourth quarter 2024 revenue is anticipated to range from $17.7 million to $18.1 million, representing a year-over-year increase of 41% to 45% [1][6] - Fourth quarter 2024 GAAP gross margin is projected to be between 85% and 87%, while non-GAAP gross margin is expected to be between 88% and 90% [2][11] - For the full year 2024, gross bookings are expected to be between $65.5 million and $65.9 million, marking a 13% increase compared to 2023 [11] - Full year 2024 revenue is projected to be between $59.5 million and $59.9 million, indicating a year-over-year increase of approximately 10% [11] Customer Acquisition and Market Expansion - Silvaco signed 13 new customers in the fourth quarter of 2024, with these customers expected to represent approximately 9% of gross bookings for the quarter [6][11] - The company announced a partnership with Micon Global to enhance its reach in the EMEA market [6] - Silvaco joined the SMART USA Institute under the CHIPS Manufacturing USA program to advance digital twin technologies in semiconductor manufacturing [6] Legal and Compliance Updates - The Ninth Circuit Court of Appeals affirmed the dismissal of all claims against Silvaco brought by Aldini AG [6] - A favorable ruling was received in the Nangate Denmark ApS litigation, denying a motion for prejudgment interest [6] Leadership Commentary - CEO Dr. Babak Taheri expressed pride in the company's ability to execute and achieve record results, emphasizing the resilience of the business model and customer trust in Silvaco's solutions [3]

Core Insights - Silvaco Group, Inc. is expected to achieve record fourth quarter 2024 bookings and revenue, with bookings ranging from $20.1 million to $20.4 million, representing a year-over-year increase of 29% to 31%, and revenue expected between $17.7 million and $18.1 million, up 41% to 45% year-over-year [1][2][3] Financial Highlights - Fourth quarter 2024 GAAP gross margin is anticipated to be between 85% and 87%, while non-GAAP gross margin is expected to be between 88% and 90%, showing significant improvement from 79% in the fourth quarter of 2023 [2][5][25] - GAAP operating income is projected to be in the range of $2.3 million to $3.1 million, compared to a loss of $1.9 million in Q4 2023, while non-GAAP operating income is expected to range from $2.6 million to $3.4 million, up from a loss of $1.3 million in Q4 2023 [7][25] - GAAP net income per share is anticipated to be between $0.14 and $0.18, compared to a loss of $0.11 in Q4 2023, and non-GAAP net income per share is expected to be between $0.13 and $0.17, up from a loss of $0.08 in Q4 2023 [7][25] Business Highlights - The company signed 13 new customers in the fourth quarter 2024 and expanded relationships with existing customers in key markets such as photonics, power, automotive, memory, and foundry [1][6] - Silvaco announced a partnership with Micon Global to enhance its reach in the EMEA market and joined the SMART USA Institute under the CHIPS Manufacturing USA program to advance digital twin technologies [6] - The company achieved ISO 9001 certification, highlighting its commitment to quality and continuous improvement [6] Annual Financial Highlights - For the full year 2024, gross bookings are expected to be between $65.5 million and $65.9 million, reflecting a 13% increase compared to 2023, with annual revenue projected between $59.5 million and $59.9 million, representing a 10% year-over-year increase [13] - The company acquired 46 new customers across various key markets, expected to represent approximately 10% of gross bookings for the year [13] - GAAP gross margin for the full year is anticipated to be between 79% and 81%, while non-GAAP gross margin is expected to be between 85% and 87%, up from 83% in 2023 [13][25]

Core Viewpoint - Silvaco Group, Inc. has experienced a significant decline in share price following the release of disappointing preliminary Q3 financial results and a negative outlook, raising concerns about the company's transparency regarding its business conditions in China at the time of its May 2024 IPO [1][4]. Financial Performance - Silvaco reported a 27% year-over-year decrease in revenues for Q3 2024, primarily attributed to delayed orders from China [3]. - The company has significantly reduced its full-year guidance for key metrics, including gross bookings, revenue, year-over-year growth, and non-GAAP operating income [3]. Market Reaction - Following the announcement of the financial results, Silvaco's share price fell by $3.61, or 32%, closing at $7.45, which is 60% below the IPO price of $19 [4]. Investigation - Hagens Berman has initiated an investigation into Silvaco Group, focusing on the adequacy of the company's disclosures regarding its business conditions in China during and after the May 2024 IPO [2][4].

Core Insights - Bragar Eagel & Squire, P.C. is investigating potential claims against Silvaco Group, Inc. for possible violations of federal securities laws and unlawful business practices [1] - Silvaco conducted its IPO on May 8, 2024, offering 6 million shares at $19.00 each [2] - On October 15, 2024, Silvaco revised its revenue guidance for the full year 2024, lowering it to $60 million to $63 million from a previous range of $63 million to $66 million, and adjusted its year-over-year growth projection to 10% to 16% from 16% to 22% [3] - Following the revenue guidance revision, Silvaco's stock price dropped by $3.61, or 32.64%, closing at $7.45 per share on October 16, 2024 [4]

SANTA CLARA, Calif., Jan. 02, 2025 (GLOBE NEWSWIRE) -- Silvaco Group, Inc. (Nasdaq: SVCO) (“Company”,“Silvaco”), a provider of TCAD, EDA software, and SIP solutions that enable semiconductor design and digital twin modeling through AI software and innovation, will participate in a fireside chat at the Needham Growth Conference on Wednesday, January 15, at 9:30 a.m. Eastern time. A live webcast, as well as a replay, of the presentation will be available on the company’s investor relations website at https:// ...

SANTA CLARA, Calif., Dec. 20, 2024 (GLOBE NEWSWIRE) -- Silvaco Group, Inc. (NASDAQ:SVCO), a provider of TCAD, EDA software and SIP solutions that enable semiconductor design and digital twin modeling through AI software and innovation, today announced a strategic sales partnership with Micon Global. The partnership between Silvaco and Micon Global is expected to drive Silvaco's expansion across the EMEA market, leveraging Micon Global's expertise to enhance client access to Silvaco's design solutions. "We a ...