PDF Solutions® Reports First Quarter 2023 Results

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

          
   Three months ended
   March 31,   December 31,   March 31, 
      2023      2022     2022 
         
Revenues:            
Analytics $36,326  $36,058 $30,426 
Integrated yield ramp  4,433   4,465  3,072 
Total revenues  40,759   40,523  33,498 
          
Costs and Expenses:           
Costs of revenues  11,904   11,791  11,529 
Research and development  13,051   14,360   14,089  
Selling, general, and administrative     15,645       12,724     10,839  
Amortization of acquired intangible assets     325       324     314  
Interest and other expense (income), net     (911 )     250     (310 )
Income (loss) before income tax expense     745       1,074     (2,963 )
Income tax expense     390       591     1,187  
Net income (loss)   $ 355     $ 483   $ (4,150 )
                   
Net income (loss) per share:                  
Basic   $ 0.01     $ 0.01   $ (0.11 )
Diluted   $ 0.01     $ 0.01   $ (0.11 )
                   
Weighted average common shares used to calculate net income (loss) per share:                  
Basic     37,737       37,379     37,606  
Diluted     38,859       38,276     37,606  

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