Core Insights - Silvaco Group, Inc. reported gross bookings of $13.7 million and revenue of $14.1 million for Q1 2025, reflecting a year-over-year decline of 15% in gross bookings and an 11% decrease in revenue [1][8] - The company signed 9 new customers and expanded relationships with existing clients in key markets such as AI, Photonics, and IoT [1][4] - Silvaco completed the acquisition of Tech-X Corporation, enhancing its product portfolio and expanding its addressable market by an estimated $600 million [1][4] Financial Performance - Revenue of $14.1 million in Q1 2025, down 11% year-over-year and down 21% quarter-over-quarter [8] - TCAD revenue was $7.9 million, a 26% decrease year-over-year, while EDA revenue increased by 8% to $5.1 million, including $1.9 million from the PPC product line [8] - SIP revenue surged by 89% year-over-year to $1.1 million, driven by new bookings in automotive and IoT sectors [8] Customer Acquisition and Market Expansion - The company acquired 9 new customers, with approximately 23% of gross bookings coming from AI infrastructure, Photonics, and IoT markets [4] - Existing customers contributed to 38% of gross bookings, indicating strong retention and expansion opportunities [4] - Partnerships with notable entities, such as Excelliance MOS and Kyung Hee University, were established to advance next-generation technologies [4] Strategic Initiatives - Silvaco's CEO emphasized the importance of innovation and solid fundamentals to sustain customer momentum and drive growth in EDA and TCAD product lines through 2025 [2] - The company is committed to defending shareholder value through performance, transparency, and responsible capital management [2] - A new performance metric, Annual Contract Value (ACV), was introduced to provide additional insight into customer commitments and business momentum [4][22] Financial Outlook - For Q2 2025, Silvaco expects gross bookings in the range of $14.0 million to $18.0 million and revenue between $12.0 million and $16.0 million [12] - Full-year 2025 guidance includes projected revenue of $64.0 million to $70.0 million, representing a 7% to 17% increase from 2024 [12] - Non-GAAP gross margin is anticipated to be between 80% and 83%, compared to 86% in the second quarter of 2024 [12]
Silvaco Reports First Quarter 2025 Financial Results