Silicom .(US:SILC)2025-10-30 12:00Financial Performance - Silicom's Q3 2025 revenues were $15.6 million, a 5.4% increase from $14.8 million in Q3 2024[2] - The company's GAAP net loss for Q3 2025 was $2.8 million, or $0.49 per share, compared to a loss of $2.6 million, or $0.44 per share in Q3 2024[2] - On a non-GAAP basis, the net loss for Q3 2025 was $2.1 million, or $0.36 per share, compared to a loss of $1.7 million, or $0.28 per share in Q3 2024[3] - For the first nine months of 2025, Silicom's revenues were $45.0 million, up from $43.6 million in the same period of 2024[3] - The GAAP net loss for the first nine months of 2025 was $8.9 million, or $1.57 per share, compared to a loss of $7.6 million, or $1.24 per share in the first nine months of 2024[4] Future Projections - Management projects Q4 2025 revenues to be between $15 million and $16 million[5] - Silicom achieved eight Design Wins in 2025, nearing its target range, and anticipates double-digit growth in 2026 and beyond[6] - The company aims for 7 to 9 new Design Wins across all product lines in 2026, including FPGAs and Edge solutions[7] Assets and Cash Position - Silicom's cash and cash equivalents as of September 30, 2025, were $38.4 million, down from $51.3 million at the end of 2024[18] - Total assets increased to $151.2 million as of September 30, 2025, compared to $150.4 million at the end of 2024[18] Profitability Metrics - GAAP gross profit for the three-month period ended September 30, 2025, was $4,897 million, an increase from $4,163 million in 2024, representing a growth of 17.6%[22] - Non-GAAP net loss for the nine-month period ended September 30, 2025, was $6,147 million, compared to a loss of $4,884 million in 2024, indicating a deterioration of 25.8%[22] - GAAP net loss for the three-month period ended September 30, 2025, was $2,802 million, slightly higher than the loss of $2,630 million in 2024[22] - Non-GAAP basic and diluted loss per share for the three-month period ended September 30, 2025, was $0.36, compared to a loss of $0.28 in 2024, reflecting an increase of 28.6%[22] - GAAP operating loss for the nine-month period ended September 30, 2025, was $9,451 million, an improvement from a loss of $9,700 million in 2024[22] - Non-GAAP operating loss for the three-month period ended September 30, 2025, was $2,432 million, compared to a loss of $2,254 million in 2024, indicating a decline of 7.9%[22] Expense Management - Share-based compensation expenses for the three-month period ended September 30, 2025, amounted to $64 million, down from $82 million in 2024, a decrease of 22%[22] - Adjustments for Non-GAAP research and development expenses for the nine-month period ended September 30, 2025, were $939 million, compared to $986 million in 2024, a reduction of 4.8%[22] - Total GAAP net income (loss) for the nine-month period ended September 30, 2025, was $(8,945) million, worsening from $(7,578) million in 2024[22] - The company reported a gross profit adjustment of $64 million for the three-month period ended September 30, 2025, compared to $82 million in 2024, reflecting a decrease of 22%[22]