PDF Solutions, Inc. (PDFS)

PDF Solutions Income Statement

Financials in millions USD. Fiscal year is January - December.

Year	2023	2022	2021	2020	2019
Revenue	165.84	148.55	111.06	88.05	85.59
Revenue Growth (YoY)	11.64%	33.76%	26.14%	2.88%	-0.24%
Cost of Revenue	51.75	47.91	44.19	36.77	33.47
Gross Profit	114.09	100.64	66.87	51.28	52.11
Selling, General & Admin	62.22	45.34	37.65	32.68	26.3
Research & Development	50.74	56.13	43.78	34.65	32.75
Other Operating Expenses	1.29	1.27	4.44	0.74	0.7
Operating Expenses	114.24	102.73	85.87	68.07	59.75
Operating Income	-0.15	-2.09	-19	-16.79	-7.64
Other Expense / Income	-5.02	-2.56	-0.68	1.27	-0.28
Pretax Income	4.87	0.47	-18.32	-18.06	-7.36
Income Tax	1.76	3.9	3.17	22.3	-1.94
Net Income	3.11	-3.43	-21.49	-40.36	-5.42
Shares Outstanding (Basic)	38	37	37	34	32
Shares Outstanding (Diluted)	39	37	37	34	32
Shares Change	4.36%	0.46%	7.78%	6.32%	0.75%
EPS (Basic)	0.08	-0.09	-0.58	-1.17	-0.17
EPS (Diluted)	0.08	-0.09	-0.58	-1.17	-0.17
Free Cash Flow	3.38	23.87	0.19	14.82	14.04
Free Cash Flow Per Share	0.09	0.64	0.01	0.43	0.43
Gross Margin	68.79%	67.75%	60.21%	58.24%	60.89%
Operating Margin	-0.09%	-1.41%	-17.11%	-19.07%	-8.92%
Profit Margin	1.87%	-2.31%	-19.35%	-45.84%	-6.33%
Free Cash Flow Margin	2.04%	16.07%	0.17%	16.83%	16.40%
Effective Tax Rate	36.23%	829.57%	-	-	-
EBITDA	13.41	9.48	-8.77	-9.89	-0.15
EBITDA Margin	8.08%	6.38%	-7.89%	-11.23%	-0.17%
Depreciation & Amortization	8.54	9.01	9.55	8.17	7.21
EBIT	4.87	0.47	-18.32	-18.06	-7.36
EBIT Margin	2.94%	0.32%	-16.49%	-20.51%	-8.60%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).