Core Insights - Silvaco Group, Inc. reported record-breaking bookings and revenue for the fourth quarter of 2024, driven by strong demand for its digital twin modeling platform and growth in key semiconductor markets [2][3] Financial Highlights - Fourth quarter 2024 bookings are expected to be between 20.4 million, reflecting a year-over-year increase of 29% to 31% [1][6] - Fourth quarter 2024 revenue is anticipated to range from 18.1 million, representing a year-over-year increase of 41% to 45% [1][6] - Fourth quarter 2024 GAAP gross margin is projected to be between 85% and 87%, while non-GAAP gross margin is expected to be between 88% and 90% [2][11] - For the full year 2024, gross bookings are expected to be between 65.9 million, marking a 13% increase compared to 2023 [11] - Full year 2024 revenue is projected to be between 59.9 million, indicating a year-over-year increase of approximately 10% [11] Customer Acquisition and Market Expansion - Silvaco signed 13 new customers in the fourth quarter of 2024, with these customers expected to represent approximately 9% of gross bookings for the quarter [6][11] - The company announced a partnership with Micon Global to enhance its reach in the EMEA market [6] - Silvaco joined the SMART USA Institute under the CHIPS Manufacturing USA program to advance digital twin technologies in semiconductor manufacturing [6] Legal and Compliance Updates - The Ninth Circuit Court of Appeals affirmed the dismissal of all claims against Silvaco brought by Aldini AG [6] - A favorable ruling was received in the Nangate Denmark ApS litigation, denying a motion for prejudgment interest [6] Leadership Commentary - CEO Dr. Babak Taheri expressed pride in the company's ability to execute and achieve record results, emphasizing the resilience of the business model and customer trust in Silvaco's solutions [3]
Silvaco Announces Preliminary Unaudited Fourth Quarter and Full-Year 2024 Results Ahead of Participation at Needham's 27th Annual Growth Conference