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 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].
Silvaco Group (SVCO) Shares Crash After Disclosing Delayed Orders And Updating FY 2024 Outlook - Hagens Berman