PDF Solutions(US:PDFS) Globenewswire·2025-02-13 22:17Core Insights - PDF Solutions, Inc. reported strong financial results for Q4 2024, with total revenues reaching $50.1 million, a 22% increase compared to Q4 2023 [2][8] - The company anticipates a revenue growth rate of approximately 15% year-over-year for 2025, reflecting positive customer engagement and successful product evaluations [7] Financial Performance - Total revenues for Q4 2024 were $50.1 million, up from $46.4 million in Q3 2024 and $41.1 million in Q4 2023 [2] - Analytics revenue for Q4 2024 was $47.9 million, compared to $44.8 million in Q3 2024 and $39.1 million in Q4 2023 [2] - Integrated Yield Ramp revenue for Q4 2024 was $2.2 million, an increase from $1.7 million in Q3 2024 and $2.0 million in Q4 2023 [2] - Full year revenues for 2024 were $179.5 million, an 8% increase from $165.8 million in 2023 [2] Profitability Metrics - GAAP gross margin for Q4 2024 was 68%, down from 73% in Q3 2024 but consistent with Q4 2023 [3] - Non-GAAP gross margin for Q4 2024 was 72%, compared to 77% in Q3 2024 and 72% in Q4 2023 [3] - GAAP net income for Q4 2024 was $0.5 million, or $0.01 per diluted share, down from $2.2 million, or $0.06 per diluted share, in Q3 2024 [4] - Non-GAAP net income for Q4 2024 was $9.9 million, or $0.25 per diluted share, unchanged from Q3 2024 but up from $5.7 million, or $0.15 per diluted share, in Q4 2023 [5] Cash Position - As of December 31, 2024, cash, cash equivalents, and short-term investments totaled $114.9 million [6] Backlog and Future Outlook - The company reported a backlog of $221.4 million as of December 31, 2024, indicating strong future revenue potential [8] - CEO John Kibarian highlighted successful customer engagements and product evaluations, contributing to the optimistic revenue growth outlook for 2025 [7]