Silvaco Group, Inc.(SVCO)
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SVCO Investors Have Opportunity to Join Silvaco Group, Inc. Securities Fraud Investigation with the Schall Law Firm
Prnewswire· 2024-12-11 15:08
LOS ANGELES, Dec. 11, 2024 /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Silvaco Group, Inc. ("Silvaco" or "the Company") (NASDAQ: SVCO) for violations of the securities laws.The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Silvaco issued a press release on October 15, 2024, titled, "Silvaco Announces ...
Silvaco Group, Inc.(SVCO) - 2024 Q3 - Quarterly Report
2024-11-12 22:05
Revenue and Bookings - Software solutions accounted for 62% and 72% of revenue for the three and nine months ended September 30, 2024, respectively, compared to 74% and 73% for the same periods in 2023[121]. - Bookings for the three and nine months ended September 30, 2024, were $9.9 million and $45.5 million, respectively, down from $12.5 million and $42.5 million in the same periods of 2023[122]. - Revenue for the three and nine months ended September 30, 2024, was $11.0 million and $41.8 million, respectively, compared to $14.9 million and $41.8 million for the same periods in 2023[122]. - Approximately 88% and 90% of bookings for the three and nine months ended September 30, 2024, came from existing customers, compared to 85% and 80% for the same periods in 2023[121]. - Total revenue decreased by $3.9 million, or 27%, to $10.97 million for the three months ended September 30, 2024, compared to $14.94 million for the same period in 2023[150]. - Bookings for the three months ended September 30, 2024, were $9.9 million, down from $12.5 million for the same period in 2023, while nine-month bookings increased to $45.5 million from $42.5 million[167]. Expenses and Losses - Research and development expenses were 38% and 37% of revenue for the three and nine months ended September 30, 2024, respectively, up from 22% and 24% for the same periods in 2023[128]. - Operating expenses increased by 42% to $15.49 million for the three months ended September 30, 2024, compared to $10.93 million for the same period in 2023[148]. - Research and development expenses increased by 26% to $4.13 million for the three months ended September 30, 2024, from $3.29 million for the same period in 2023[148]. - Selling and marketing expenses increased by 22% to $3.83 million for the three months ended September 30, 2024, from $3.14 million for the same period in 2023[148]. - General and administrative expenses increased by 58% to $7.13 million for the three months ended September 30, 2024, from $4.50 million for the same period in 2023[148]. - Net loss for the three months ended September 30, 2024, was $6.55 million, compared to a net income of $1.45 million for the same period in 2023, representing a 552% decrease[148]. - Total operating expenses increased to $74.9 million for the nine months ended September 30, 2024, compared to $32.0 million for the same period in 2023, representing a 134% increase[154]. - Research and development expenses rose by $5.7 million, or 57%, to $15.5 million for the nine months ended September 30, 2024, primarily due to stock-based compensation expenses[156]. - Selling and marketing expenses increased by $5.4 million, or 61%, to $14.3 million for the nine months ended September 30, 2024, driven by stock-based compensation and increased headcount[158]. - General and administrative expenses surged by $16.7 million, or 126%, to $30.0 million for the nine months ended September 30, 2024, largely due to stock-based compensation and legal fees[160]. - Non-GAAP operating loss for the nine months ended September 30, 2024, was $(42.7) million, compared to a non-GAAP operating income of $3.1 million for the same period in 2023[174]. - Non-GAAP net loss for the nine months ended September 30, 2024, was $(42.7) million, compared to a non-GAAP net income of $3.1 million for the same period in 2023[175]. Cash Flow and Financing - The company had $26.6 million in cash and cash equivalents as of September 30, 2024, with $73.8 million in short-term marketable securities[177]. - Net cash used in operating activities for the nine months ended September 30, 2024, was $10.7 million, a decrease of $11.0 million compared to the same period in 2023[188]. - The company used $73.0 million in investing activities during the nine months ended September 30, 2024, primarily for purchases of marketable securities[189]. - Net cash provided by financing activities for the nine months ended September 30, 2024, was $105.5 million, including $106.0 million from the IPO[190]. - The gross proceeds from the IPO were $114.0 million, with $106.0 million net after underwriting discounts and commissions of $8.0 million[182]. - The company drew $4.3 million on the East West Bank Loan during the nine months ended September 30, 2024, which was repaid in full in May 2024[179]. - The company incurred $2.6 million related to deferred transaction costs in connection with the IPO[190]. - As of September 30, 2024, 18.7% of the company's cash and cash equivalents were held with one financial institution, exceeding federally insured limits[184]. Market Outlook and Strategy - The global EDA software market is forecasted to reach $22.2 billion by 2030, representing a 9% CAGR[128]. - The company aims to enhance product offerings through in-house R&D, acquisitions, and strategic partnerships to meet the increasing complexity of semiconductor designs[127]. - The company anticipates that focusing on higher margin products will lead to gross margin and operating margin expansion[131]. - The company plans to continue investing in software solutions to establish and expand its leadership position in target markets[128]. Revenue Recognition - The company recognizes revenue from software licenses upfront upon delivery, while maintenance and service revenue is recognized ratably over the contract term[136].
Silvaco Group, Inc.(SVCO) - 2024 Q3 - Quarterly Results
2024-11-12 21:15
Financial Results - Silvaco Group, Inc. announced preliminary revenue results for Q3 2024, with a significant update to its full-year outlook for the fiscal year ending December 31, 2024[4] - The press release detailing the financial results was issued on October 15, 2024[4] Company Classification - The company is classified as an emerging growth company under the Securities Act of 1933[2]
Silvaco Group, Inc.(SVCO) - 2024 Q2 - Quarterly Report
2024-08-07 21:18
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-42043 Silvaco Group, Inc. (Exact name of Registrant as specified in its charter) | --- | --- | --- | |--------------------------- ...
Silvaco Group, Inc.(SVCO) - 2024 Q1 - Quarterly Report
2024-06-20 11:52
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-42043 Silvaco Group, Inc. (Exact name of Registrant as specified in its charter) | --- | --- | --- | |-------------------------- ...
Silvaco Group, Inc.(SVCO) - Prospectus(update)
2024-05-03 19:27
As filed with the Securities and Exchange Commission on May 3, 2024. Registration No. 333-278666 (State or other jurisdiction of incorporation or organization) Delaware 7372 27-1503712 (Primary Standard Industrial Classification Code Number) (I.R.S. Employer Identification Number) UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Amendment No. 3 to Form S-1 REGISTRATION STATEMENT Under The Securities Act of 1933 Silvaco Group, Inc. (Exact name of Registrant as specified in its charter) ...
Silvaco Group, Inc.(SVCO) - Prospectus(update)
2024-04-30 10:05
As filed with the Securities and Exchange Commission on April 30, 2024. Registration No. 333-278666 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Amendment No. 2 to Form S-1 REGISTRATION STATEMENT Under The Securities Act of 1933 Silvaco Group, Inc. (Exact name of Registrant as specified in its charter) Silvaco Group, Inc. 4701 Patrick Henry Drive, Building #23 Santa Clara, CA 95054 (408) 567-1000 (Address, including zip code, and telephone number, including area code, of Registran ...
Silvaco Group, Inc.(SVCO) - Prospectus(update)
2024-04-16 21:07
As filed with the Securities and Exchange Commission on April 16, 2024. Registration No. 333-278666 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Amendment No. 1 to Form S-1 REGISTRATION STATEMENT Under The Securities Act of 1933 Silvaco Group, Inc. (Exact name of Registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) Delaware 7372 27-1503712 (Primary Standard Industrial Classification Code Number) (I.R.S. Employer Identification Numb ...
Silvaco Group, Inc.(SVCO) - Prospectus
2024-04-12 21:14
Registration No. 333- As filed with the Securities and Exchange Commission on April 12, 2024. Under The Securities Act of 1933 Silvaco Group, Inc. (Exact name of Registrant as specified in its charter) UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form S-1 REGISTRATION STATEMENT (State or other jurisdiction of incorporation or organization) Delaware 7372 27-1503712 (Primary Standard Industrial Classification Code Number) (I.R.S. Employer Identification Number) Silvaco Group, Inc. 4 ...