PDF Solutions® Reports Fourth Quarter and Full Year 2021 Results

PDF SOLUTIONS, INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)
(In thousands, except per share amounts)

   Three months ended   Year ended
   December 31,   September 30,  December 31,   December 31,   December 31, 
   2021   2021   2020       2021   2020 
               
Revenues:               
Analytics (1) $27,250  $27,194  $14,466  $93,415  $57,232 
Integrated yield ramp  2,636   2,361   7,901   17,645   30,814 
Total revenues     29,886       29,555       22,367       111,060       88,046  
                               
Costs and Expenses:                              
Costs of revenues     11,675       11,070       9,839       44,193       36,765  
Research and development     11,218       10,657       9,981       43,780       34,654  
Selling, general and administrative     9,167       9,609       8,625       37,649       32,677  
Amortization of other acquired intangible assets     313       314       220       1,255       741  
Write-down in value of property and equipment     3,183                   3,183        
Interest and other expense (income), net     (292 )     (194 )     738       (683 )     1,269  
Loss before income taxes     (5,378 )     (1,901 )     (7,036 )     (18,317 )     (18,060 )
Income tax expense     1,622       506       26,413       3,171       22,303  
Net loss   $ (7,000 )   $ (2,407 )   $ (33,449 )   $ (21,488 )   $ (40,363 )
                               
Net loss per share, basic and diluted   $ (0.19 )   $ (0.06 )   $ (0.91 )   $ (0.58 )   $ (1.17 )
                               
Weighted average common shares used to calculate net loss per share, basic and diluted     37,348       37,221       36,727       37,138       34,458  
                                         

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