Silvaco Announces Preliminary Unaudited Fourth Quarter and Full-Year 2024 Results Ahead of Participation at Needham's 27th Annual Growth Conference

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]