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Silvaco Reports Fourth Quarter and Full Year 2024 Financial Results
SVCOSilvaco Group, Inc.(SVCO) GlobeNewswire·2025-03-05 21:05

Core Insights - Silvaco Group, Inc. achieved record gross bookings of 65.8millionandrevenueof65.8 million and revenue of 59.7 million for the full year 2024, marking a 13% increase in gross bookings year-over-year and a 10% increase in revenue year-over-year [1][11][14] - The company signed 46 new customers in 2024 and expanded relationships with existing customers across key markets such as power, automotive, memory, foundry, and display [1][2] - Silvaco expanded its product portfolio through the acquisition of Cadence's Process Proximity Compensation product line, enhancing its EDA and TCAD tool suites [1][6][2] Business Highlights - In Q4 2024, Silvaco acquired 13 new customers, contributing approximately 9% to gross bookings for the quarter [6] - 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] - The company received a 5.0millionfollow−onorderforitsFTCO™digital−twinmodelingproductfromastrategicmemorycustomer[6]FinancialPerformance−ForQ42024,Silvacoreportedrevenueof5.0 million follow-on order for its FTCO™ digital-twin modeling product from a strategic memory customer [6] Financial Performance - For Q4 2024, Silvaco reported revenue of 17.9 million, a 43% increase year-over-year and a 63% increase quarter-over-quarter [6] - TCAD revenue reached 12.7million,up6512.7 million, up 65% year-over-year, while EDA revenue was 4.2 million, up 57% year-over-year [6] - The company achieved a GAAP net income of 4.2millioninQ42024,comparedtoanetlossof4.2 million in Q4 2024, compared to a net loss of 2.2 million in Q4 2023 [11] - Non-GAAP net income for Q4 2024 was 4.3million,comparedtoanon−GAAPnetlossof4.3 million, compared to a non-GAAP net loss of (1.6) million in Q4 2023 [11] Future Outlook - For Q1 2025, Silvaco expects gross bookings in the range of 16.0millionto16.0 million to 19.0 million and revenue between 14.5millionand14.5 million and 17.0 million [14] - For the full year 2025, the company anticipates gross bookings between 72.0millionand72.0 million and 79.0 million, representing a 9% to 20% increase from 2024 [14] - Revenue for 2025 is expected to be in the range of 66.0millionto66.0 million to 72.0 million, indicating an 11% to 21% increase from 2024 [14]