Core Insights - Silvaco Group, Inc. is hosting a tech talk titled "The Diffusion of Innovation: Investing in the Ecosystem Expansion" to discuss its ecosystem expansion for innovative products [1][2][5] - The event will provide insights into Silvaco's Fab Technology Co-Optimization™ (FTCO) solution and include a Q&A session with management [2][5] Event Details - The tech talk is scheduled for June 25, 2025, at 10:00 AM Eastern Time and will be available via live webcast and replay on the company's investor relations website [3][5] - Ian Chan, the Chief Revenue Officer, will be the presenter for the event [5] Company Overview - Silvaco is a provider of TCAD, EDA software, and SIP solutions that facilitate semiconductor design and digital twin modeling through AI [4] - The company's solutions cater to various markets, including display, power devices, automotive, memory, high-performance computing, foundries, photonics, IoT, and 5G/6G mobile markets [4] - Silvaco is headquartered in Santa Clara, California, and has a global presence with offices in North America, Europe, Brazil, China, Japan, Korea, Singapore, and Taiwan [4]

Financial Data and Key Metrics Changes - The company reported a 10% increase in revenue and a 13% growth in bookings for 2024 [6][8] - The annual contract value (ACV) grew by 21% from Q1 2024 to Q1 2025, indicating strong underlying business growth [24][25] - Gross margins are forecasted to be in the range of 83% to 86%, with last year's margin at 86% [26] Business Line Data and Key Metrics Changes - The company operates three main product lines: TCAD, EDA, and silicon-based IP, with TCAD being the foundational business [5][6] - The introduction of FTCO has expanded the total addressable market (TAM) from $3.3 billion to $4.4 billion [20] - The company added nine new customers in AI photonics, contributing to 23% of bookings in Q1 [11] Market Data and Key Metrics Changes - The company is focusing on fast-growing markets, particularly power, photonics, and memory, with significant opportunities in automotive and IoT devices [13][14] - The photonics market is described as being larger than the semiconductor market, with the company positioned to provide solutions for digital twin simulations [40][41] - The company anticipates that 10% to 15% of its revenue will come from China, with potential to exceed this forecast [51] Company Strategy and Development Direction - The company aims to differentiate itself through strategic acquisitions, such as TechX and OPC, to enhance its product offerings and market reach [7][17] - The focus is on expanding in the foundry market and enhancing capabilities in photonics and advanced CMOS technology [32][34] - The company is leveraging AI to improve design processes and manufacturing efficiency, aiming for a future where chip design and manufacturing are integrated through digital twin models [79] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's forecasts despite macroeconomic uncertainties [8][9] - The company has been proactive in managing risks associated with the China market, maintaining transparency with regulatory bodies [49][50] - The management highlighted the importance of adapting to market changes and learning from past experiences to mitigate risks [51][52] Other Important Information - The company has achieved ISO 9001 certification, enhancing its credibility in the market [6] - The FTCO product is a patented technology aimed at optimizing fab processes, which is expected to drive significant future revenue [54][61] Q&A Session Summary Question: What are the biggest opportunities in your total addressable market? - The company focuses on fast-growing markets, particularly power, photonics, and memory, with significant potential in the foundry business [30][31] Question: How is the company positioned in the TCAD market? - The company is the number two player in the TCAD market, with a strong focus on expanding its market share through strategic initiatives [36][37] Question: What is the outlook for the China market? - The company expects to derive 10% to 15% of its revenue from China, with plans to close delayed orders in the upcoming quarters [51][52] Question: Can you explain the FTCO product offering? - FTCO is a patented technology aimed at bridging the gap between design and fab processes, enhancing yield and efficiency in chip manufacturing [54][61] Question: How is AI impacting the company's operations? - The company is utilizing AI to enhance design processes and manufacturing efficiency, aiming for a future where all steps in chip manufacturing are integrated [79]

Core Insights - Silvaco Group, Inc. will participate in a fireside chat at the Rosenblatt 5th Annual Technology Summit on June 11, 2025, featuring key executives including CEO Dr. Babak Taheri, Interim CFO Keith Tainsky, and Chief Revenue Officer Ian Chen [1] Company Overview - Silvaco is a provider of TCAD, EDA software, and SIP solutions that facilitate semiconductor design and AI through innovative software [3] - The company's solutions are utilized in various sectors including display, power devices, automotive, memory, high-performance computing, foundries, photonics, IoT, and 5G/6G mobile markets for complex SoC design [3] - Silvaco is headquartered in Santa Clara, California, and has a global presence with offices in North America, Europe, Brazil, China, Japan, Korea, Singapore, and Taiwan [3]

Core Insights - Silvaco Group, Inc. announced that Alps Alpine Co., Ltd. has adopted Jivaro Pro, a solution for integrated circuit development and verification, enhancing productivity and reducing design schedule risk [1][3] - Jivaro Pro accelerates SPICE simulation speeds by up to 15 times while maintaining high accuracy, making it suitable for technologies from 180nm down to 3nm [2][7] - The introduction of Jivaro Pro is expected to significantly improve engineering productivity by reducing post-layout simulation times, with at least a 5X improvement observed at the 40nm and 55nm nodes [4][6] Company Overview - Silvaco is a provider of TCAD, EDA software, and SIP solutions, focusing on semiconductor design and digital twin modeling through AI software and innovation [6] - The company serves various markets including automotive, memory, high-performance computing, and 5G/6G mobile markets, with a global presence [6]

Financial Performance - Silvaco Group, Inc. reported a quarterly loss of $0.07 per share, missing the Zacks Consensus Estimate of $0.01, compared to earnings of $0.12 per share a year ago, representing an earnings surprise of -800% [1] - The company posted revenues of $14.09 million for the quarter ended March 2025, missing the Zacks Consensus Estimate by 10.81%, and down from $15.89 million year-over-year [2] - Over the last four quarters, Silvaco has surpassed consensus EPS estimates two times and topped consensus revenue estimates just once [2] Stock Performance - Silvaco Group, Inc. shares have declined approximately 31.4% since the beginning of the year, while the S&P 500 has decreased by 4.7% [3] - The current Zacks Rank for the stock is 3 (Hold), indicating that shares are expected to perform in line with the market in the near future [6] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $0.04 on revenues of $17.35 million, and for the current fiscal year, it is $0.15 on revenues of $70.25 million [7] - The outlook for the Electronics - Semiconductors industry, where Silvaco operates, is currently in the top 38% of over 250 Zacks industries, suggesting a favorable environment for performance [8]

Financial Data and Key Metrics Changes - For Q1 2025, the company reported gross bookings of $13.7 million, revenue of $14.1 million, and a non-GAAP gross margin of 82% [8][28] - Non-GAAP operating loss was $2.5 million, and non-GAAP net loss was $1.9 million, translating to a net loss per share of $0.07 [9][29] - The company expects Q2 2025 revenue in the range of $12 million to $16 million and full year 2025 revenue between $64 million and $70 million, reflecting a year-over-year increase of up to 17% [9][37] Business Line Data and Key Metrics Changes - TCAD bookings were down 42% year-over-year, while EDA bookings increased by 48% year-over-year, primarily due to the addition of the PPC product line [31] - Revenue from software licenses accounted for 71% of total revenue, while maintenance and services accounted for 29% [32] - The SiP product line saw an increase in revenue of 89% year-over-year [32] Market Data and Key Metrics Changes - Revenue from the Americas decreased by 34% year-over-year, while Asia Pacific was down 5% year-over-year; however, EMEA revenue increased by 8% year-over-year [33] - The company added nine new customers for AI infrastructure in Q1 2025, which accounted for 23% of quarterly bookings [16] Company Strategy and Development Direction - The company launched an acquisition strategy targeting high-growth sectors such as AI, photonics, and IoT, with recent acquisitions expected to add over $600 million in incremental serviceable addressable market (SAM) [6][18] - The introduction of annual contract value (ACV) as a new performance metric aims to provide better insight into recurring revenue and minimize the impact of quarterly order timing [8][36] - The company is focused on driving innovation through advanced R&D and maintaining a disciplined approach to managing operating expenses and cash flow [10][24] Management's Comments on Operating Environment and Future Outlook - Management acknowledged short-term macroeconomic headwinds that resulted in the deferral of certain customer orders, representing less than 10% of annual revenue [7][26] - Despite these challenges, management remains confident in the long-term growth trajectory, supported by strong market demand and strategic expansion [7][10] - The company expects to return to 15% top-line growth once macroeconomic conditions stabilize [39] Other Important Information - The company recognized an incremental $13.1 million charge related to ongoing litigation, impacting operating expenses [26] - The total SAM expanded from $3.8 billion in 2024 to $4.4 billion in 2025 due to recent acquisitions [18] Q&A Session Summary Question: Clarification on acquisition-related revenue in guidance - Management clarified that the PPC acquisition is expected to contribute between $3 million to $5 million for the year, and TechX is expected to add another $1 million [41][43] Question: Impact of conservatism in guidance due to macro conditions - Management estimated that the delays would account for about 10% of total revenue, which has already been factored into the new guidance [44][46] Question: Timing for additional acquisitions - Management indicated that while they are focused on integrating recent acquisitions, they are open to pursuing additional deals, potentially sooner than initially expected [48][50] Question: Progress on FTCO pipeline - Management reported ongoing evaluations with existing customers in memory, advanced CMOS, and power semiconductors, with expectations for production in the second half of the year [56][58] Question: Details on order push-outs - Management noted that the order delays were primarily in Asia and affected TCAD and IP products, with no cancellations but rather delays in customer decision-making [59][60] Question: Expected operating expenses for the year - Management provided an estimate of approximately $5 million in operating expenses related to the recent acquisitions for the remainder of the year [64][66] Question: Long-term growth plans amidst macroeconomic challenges - Management reaffirmed confidence in the fundamental aspects of the business, expecting up to 17% revenue growth for the full year [70][72]

Financial Data and Key Metrics Changes - For Q1 2025, the company reported gross bookings of $13.7 million, revenue of $14.1 million, and a non-GAAP gross margin of 82% [8][30] - Non-GAAP operating loss was $2.5 million, and non-GAAP net loss per share was $0.07 [9][31] - The company expects Q2 2025 revenue in the range of $12 million to $16 million and full year 2025 revenue between $64 million and $70 million, reflecting a year-over-year increase of up to 17% [9][38] Business Line Data and Key Metrics Changes - TCAD bookings were down 42% year-over-year, while EDA bookings increased by 48% year-over-year, primarily due to the addition of the PPC product line [32] - Revenue from software licenses accounted for 71% of total revenue, while maintenance and services accounted for 29% [33] - The SiP product line saw an increase in revenue of 89% year-over-year [33] Market Data and Key Metrics Changes - Revenue from the Americas was down 34% year-over-year, while Asia Pacific revenue decreased by 5% [34] - EMEA revenue increased by 8% year-over-year, supported by increased TCAD sales in that region [34] Company Strategy and Development Direction - The company is focusing on strategic acquisitions to expand its serviceable addressable market (SAM), targeting high-growth sectors such as AI, photonics, and IoT [5][10] - Recent acquisitions have added an estimated $600 million to the SAM, increasing it from $3.8 billion in 2024 to $4.4 billion in 2025 [19] - The company aims to achieve long-term growth through innovation, R&D, and disciplined management of operating expenses and cash flow [10][25] Management's Comments on Operating Environment and Future Outlook - Management acknowledged short-term macroeconomic headwinds that resulted in the deferral of certain customer orders, representing less than 10% of annual revenue [6][27] - Despite these challenges, management remains confident in the long-term growth trajectory and has set conservative guidance for Q2 and full year 2025 [6][39] - The company plans to introduce annual contract value (ACV) as a new performance metric to provide better insight into recurring revenue [7][36] Other Important Information - The company recognized an incremental $13.1 million charge related to ongoing litigation, impacting operating expenses [28] - Non-GAAP gross margin for the quarter was down from 88% in Q1 2024 to 82% in Q1 2025, primarily due to lower revenue and increased costs [35] Q&A Session Summary Question: Clarification on acquisition-related revenue in guidance - Management clarified that the $5 million of acquisition-related revenue is included in the $67 million revenue guidance for calendar 2025, with a portion expected in Q2 [41][43] Question: Impact of macroeconomic conditions on guidance - Management indicated that the macroeconomic environment has led to order delays, estimated to impact revenue by about 10%, which has been accounted for in the new guidance [44][46] Question: Timing for additional acquisitions - Management stated that while they are open to further acquisitions, the focus is currently on integrating recent deals and maximizing revenue synergies [48][50] Question: Progress on FTCO pipeline - Management reported ongoing R&D evaluations with existing customers and expects significant progress in the second half of the year [54][57] Question: Expected operating expenses for the year - Management provided an estimate of approximately $5 million in operating expenses related to the recent acquisitions for the remainder of the year [62][65] Question: Long-term growth plans amidst macro challenges - Management reassured that the fundamental aspects of the business remain strong, with expectations of achieving up to 17% revenue growth for the year [68][70]

[PART I. Financial Information](index=3&type=section&id=PART%20I.%20Financial%20Information) This section presents the unaudited condensed consolidated financial statements, management's discussion and analysis, and related disclosures [Financial Statements (unaudited)](index=3&type=section&id=Item%201.%20Financial%20Statements%20%28unaudited%29) This section presents the unaudited condensed consolidated financial statements for Silvaco Group, Inc. as of March 31, 2025, and for the three-month periods ended March 31, 2025 and 2024 [Condensed Consolidated Balance Sheets](index=3&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) Total assets decreased to **$138.1 million** from **$142.3 million**, while total liabilities increased to **$54.5 million** from **$42.3 million**, leading to a decline in stockholders' equity Condensed Consolidated Balance Sheet Highlights (in thousands) | Account | March 31, 2025 | December 31, 2024 | | :--- | :--- | :--- | | **Total current assets** | $99,922 | $107,280 | | **Total assets** | $138,135 | $142,345 | | **Total current liabilities** | $46,744 | $34,488 | | **Total liabilities** | $54,542 | $42,262 | | **Total stockholders' equity** | $83,593 | $100,083 | - Goodwill increased from **$9.0 million** to **$14.3 million**, and Intangible assets increased from **$4.4 million** to **$10.0 million**, reflecting the recent acquisition[6](index=6&type=chunk) - Accrued expenses and other current liabilities rose significantly from **$19.8 million** to **$32.4 million**, largely due to the accrued litigation claim[6](index=6&type=chunk) [Condensed Consolidated Statements of (Loss) Income](index=4&type=section&id=Condensed%20Consolidated%20Statements%20of%20%28Loss%29%20Income) For the three months ended March 31, 2025, the company reported a net loss of **$19.3 million**, a stark contrast to the **$1.4 million** net income in the same period of 2024, driven by decreased revenue and a substantial litigation claim Q1 2025 vs. Q1 2024 Income Statement (in thousands, except per share data) | Metric | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | Total revenue | $14,092 | $15,889 | | Gross profit | $11,076 | $13,916 | | Total operating expenses | $30,708 | $11,528 | | Operating (loss) income | $(19,632) | $2,388 | | Net (loss) income | $(19,273) | $1,378 | | Basic and diluted EPS | $(0.67) | $0.07 | - A significant charge of **$13.1 million** for an 'Estimated litigation claim' was recorded in Q1 2025, which was the primary driver of the operating loss[9](index=9&type=chunk) [Condensed Consolidated Statements of Comprehensive (Loss) Income](index=5&type=section&id=Condensed%20Consolidated%20Statements%20of%20Comprehensive%20%28Loss%29%20Income) The company reported a comprehensive loss of **$19.1 million** for Q1 2025, primarily due to the net loss, slightly offset by foreign currency translation adjustments Q1 2025 vs. Q1 2024 Comprehensive (Loss) Income (in thousands) | Metric | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | Net (loss) income | $(19,273) | $1,378 | | Other comprehensive income (loss) | $206 | $(185) | | Comprehensive (loss) income | $(19,067) | $1,193 | [Consolidated Statements of Stockholders' Equity](index=6&type=section&id=Consolidated%20Statements%20of%20Stockholders%27%20Equity) Total stockholders' equity decreased from **$100.1 million** to **$83.6 million** due to the net loss of **$19.3 million**, partially offset by stock-based compensation expense - The accumulated deficit increased from **$(28.0) million** to **$(47.3) million** due to the net loss of **$19.3 million** in Q1 2025[14](index=14&type=chunk) [Condensed Consolidated Statements of Cash Flows](index=7&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) Net cash used in operating activities was **$1.1 million**, while investing activities provided **$11.4 million**, primarily from marketable securities maturities offsetting acquisition costs, leading to a **$9.9 million** increase in cash Q1 2025 vs. Q1 2024 Cash Flows (in thousands) | Activity | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | Net cash used in operating activities | $(1,135) | $(2,572) | | Net cash provided by (used in) investing activities | $11,404 | $(10) | | Net cash (used in) provided by financing activities | $(503) | $3,873 | | Net increase in cash and cash equivalents | $9,883 | $1,318 | - A non-cash charge of **$13.1 million** for the estimated litigation claim was a major adjustment reconciling net loss to operating cash flow[17](index=17&type=chunk) - Investing activities were dominated by **$23.0 million** in maturities of marketable securities and a **$11.5 million** cash payment for the acquisition of Process Proximity Compensation[17](index=17&type=chunk) [Notes to the Condensed Consolidated Financial Statements](index=8&type=section&id=Notes%20to%20the%20Condensed%20Consolidated%20Financial%20Statements) The notes detail accounting policies, the **$11.5 million** acquisition of Cadence's OPC tool suite, a **$13.1 million** litigation claim, revenue recognition, and the subsequent acquisition of Tech-X Corporation - On March 4, 2025, the company acquired Cadence's Process Proximity Compensation (OPC) product line for **$11.5 million** in cash, resulting in **$5.3 million** of goodwill and **$6.0 million** of intangible assets[44](index=44&type=chunk)[45](index=45&type=chunk)[47](index=47&type=chunk) - The company recorded an additional charge of **$13.1 million** for an estimated litigation claim related to the Nangate lawsuit, bringing the total probable loss estimate to **$24.4 million** based on a preliminary settlement agreement[78](index=78&type=chunk) - As of March 31, 2025, the company had **$33.7 million** in remaining performance obligations, with approximately **45%** expected to be recognized as revenue over the next 12 months[41](index=41&type=chunk) - Subsequent to the quarter end, on April 29, 2025, the company acquired Tech-X Corporation for **$5.0 million** in cash and stock, plus up to **$2.0 million** in contingent consideration[83](index=83&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=20&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management attributes the **11%** year-over-year revenue decline to softening demand and economic challenges, with the significant net loss primarily driven by a **$13.1 million** litigation charge, while strategic acquisitions enhance product offerings and liquidity remains strong Q1 2025 vs. Q1 2024 Results of Operations (in thousands) | Metric | Q1 2025 | Q1 2024 | % Change | | :--- | :--- | :--- | :--- | | Total revenue | $14,092 | $15,889 | (11)% | | Gross profit | $11,076 | $13,916 | (20)% | | Operating (loss) income | $(19,632) | $2,388 | (922)% | | Net (loss) income | $(19,273) | $1,378 | (1,499)% | - Bookings decreased to **$13.7 million** in Q1 2025 from **$16.1 million** in Q1 2024, reflecting a decline in orders from Asia due to economic challenges and U.S.-China trade tensions[89](index=89&type=chunk)[131](index=131&type=chunk) - Operating expenses increased **166%** YoY, primarily due to a **$13.1 million** estimated litigation claim, **$1.5 million** in stock-based compensation, and a **$0.7 million** increase in acquisition-related legal fees[118](index=118&type=chunk)[125](index=125&type=chunk)[126](index=126&type=chunk) Reconciliation of GAAP to Non-GAAP Operating (Loss) Income (in thousands) | Line Item | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | **Operating (loss) income (GAAP)** | **$(19,632)** | **$2,388** | | Acquisition-related estimated litigation claim and legal costs | $13,795 | $594 | | Stock-based compensation expense | $2,277 | $— | | Other adjustments | $1,065 | $336 | | **Non-GAAP operating (loss) income** | **$(2,495)** | **$3,318** | [Quantitative and Qualitative Disclosures About Market Risk](index=32&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) As a smaller reporting company, Silvaco is exempt from providing quantitative and qualitative disclosures about market risk - As a smaller reporting company, Silvaco is exempt from providing quantitative and qualitative disclosures about market risk[162](index=162&type=chunk) [Controls and Procedures](index=32&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded that the company's disclosure controls and procedures were effective as of March 31, 2025, with no material changes to internal control over financial reporting during the quarter - The CEO concluded that the company's disclosure controls and procedures were effective at the end of the reporting period[163](index=163&type=chunk) - No changes in internal control over financial reporting (ICFR) occurred during the quarter that have materially affected, or are reasonably likely to materially affect, the company's ICFR[164](index=164&type=chunk) [PART II. Other Information](index=33&type=section&id=PART%20II.%20Other%20Information) This section covers legal proceedings, risk factors, equity sales, and other required disclosures [Legal Proceedings](index=33&type=section&id=Item%201.%20Legal%20Proceedings) This section directs readers to Note 11 of the unaudited condensed consolidated financial statements for information regarding the company's current legal proceedings, specifically the Nangate litigation - Information regarding legal proceedings is detailed in Note 11 of the financial statements[166](index=166&type=chunk) [Risk Factors](index=33&type=section&id=Item%201A.%20Risk%20Factors) The company outlines significant risks including intense competition, dependence on the cyclical semiconductor industry, economic downturns, potential litigation, and risks associated with being a 'controlled company' due to majority ownership - The company faces significant competition from larger entities like Synopsys, Cadence, and Siemens EDA, which have greater resources[169](index=169&type=chunk)[170](index=170&type=chunk) - The business is highly dependent on the cyclical semiconductor and photonics industries, and economic downturns, especially in China (which accounted for **14%** of revenue in Q1 2025), can significantly reduce sales[180](index=180&type=chunk)[183](index=183&type=chunk)[187](index=187&type=chunk) - The Nangate litigation poses a significant financial risk, with a potential settlement leading to a **$13.1 million** charge in Q1 2025 and a potential appellate bond of up to **$35.4 million** if a settlement is not finalized[312](index=312&type=chunk) - The company is a 'controlled company' as the Pesic family holds over **50%** of the voting power, exempting it from certain Nasdaq corporate governance requirements, such as having a majority of independent directors[292](index=292&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=65&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) The company's IPO on May 13, 2024, generated **$114.0 million** in gross proceeds, with net proceeds of **$106.0 million** used for general corporate purposes and debt repayment - The IPO on May 13, 2024, generated gross proceeds of **$114.0 million** and net proceeds of **$106.0 million**[354](index=354&type=chunk) - Proceeds were used for general corporate purposes and to repay **$2.0 million** of the 2022 Credit Line and **$4.3 million** of the East West Bank Loan[355](index=355&type=chunk) [Defaults Upon Senior Securities](index=65&type=section&id=Item%203.%20Defaults%20Upon%20Senior%20Securities) The company reports no defaults upon senior securities - The company reports no defaults upon senior securities[356](index=356&type=chunk) [Mine Safety Disclosures](index=65&type=section&id=Item%204.%20Mine%20Safety%20Disclosures) The company reports no mine safety disclosures - The company reports no mine safety disclosures[356](index=356&type=chunk) [Other Information](index=65&type=section&id=Item%205.%20Other%20Information) The company reports no other information under this item - The company reports no other information under this item[356](index=356&type=chunk) [Exhibits](index=66&type=section&id=Item%206.%20Exhibits) This section lists the exhibits filed with the Form 10-Q, including key legal documents and officer certifications - The report includes key legal documents as exhibits, such as the Asset Purchase Agreement for the Cadence OPC acquisition and officer certifications required by the Sarbanes-Oxley Act[357](index=357&type=chunk)

Financial Performance & Guidance - FY 2024 Bookings were $65.8 million, a 13% increase, and Revenue was $59.7 million, a 10% increase[11] - Q1 2025 Revenue was $14.1 million, an 11% decrease year-over-year[34] - Q1 2025 Bookings were $13.7 million, a 15% decrease year-over-year[34] - The company is providing Q2 2025 Revenue guidance in the range of $12 million to $16 million, and full year 2025 Revenue guidance in the range of $64 million to $70 million, representing a 7% to 17% increase year-over-year[12] - The company is providing Q2 2025 Gross Bookings guidance in the range of $14 million to $18 million, and full year 2025 Gross Bookings guidance in the range of $67 million to $74 million, representing a 2% to 13% increase year-over-year[12] Strategic Initiatives & Market Expansion - The company expanded its Serviceable Addressable Market (SAM) by $600 million through acquisitions, including PPC and Tech-X, targeting AI, Photonics, and IoT markets[11] - The company's Total Addressable Market (TAM) is $4.4 billion, including $3.3 billion for Electronic Design Automation (EDA) and $0.5 billion for Fab Technology Co-Optimization (FTCO)[17] - Annual Contract Value (ACV) for the trailing twelve months ending Q1 2025 was $52.3 million, a 21% increase year-over-year[49] Product & Customer Highlights - TCAD accounted for 52% of Q1 2025 bookings at $7 million, while EDA contributed 41% at $5.6 million, and SIP made up 7% at $1 million[39] - The company landed 9 new customers for AI and Photonics in Q1 2025, representing 23% of bookings[15] - Expansion within existing customers accounted for 38% of Q1 2025 bookings[15]

Exhibit 99.1 Silvaco Reports First Quarter 2025 Financial Results Achieved gross bookings of $13.7 million and revenue of $14.1 million in the first quarter 2025 Signed 9 new customers in the first quarter 2025 and expanded relationship with existing customers across key markets including AI, Photonics, and IoT Expanded Product Portfolio with the Acquisition of Tech-X Corporation SANTA CLARA, Calif. - May 7, 2025 -- Silvaco Group, Inc. (Nasdaq: SVCO) ("Silvaco" or the "Company"), a provider of TCAD, EDA sof ...