PDF Solutions (PDFS) FY2013 results: revenue $101 million, up 13.3% on the year
PDF Solutions Inc. (PDFS) reported revenue of $101 million for fiscal 2013, the year ended 31 December 2013, up 13.3% on the year before. Net income was $21 million, down 43.8%, and diluted earnings per share $0.67. The figures are the company's own, from the 10-K it filed with the SEC on 14 March 2014.
Revenue
$101 million
+13.3% on the year
FY2009FY2013
Operating margin
30.9%
21.4% a year earlier
FY2009FY2013
Net income
$21 million
-43.8% on the year
FY2009FY2013
Diluted EPS
$0.67
-46.4% on the year
FY2009FY2013
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Revenue
101
89.5
66.7
+13.3%
Cost of revenue
39.5
36.5
30.0
+8.1%
Gross profit
62.0
53.0
36.7
+16.9%
Gross margin
61.1%
59.2%
55.0%
Research and development
13.3
13.3
14.0
+0.5%
Selling, general and administrative
17.0
18.6
18.4
-8.5%
Operating income
31.4
19.1
4.2
+64.0%
Operating margin
30.9%
21.4%
6.4%
Pre-tax income
31.3
18.9
4.3
+65.8%
Income tax
10.4
-18.3
2.4
Effective tax rate
33.2%
-97.1%
56.5%
Net income
20.9
37.2
1.9
-43.8%
Net margin
20.6%
41.6%
2.8%
Diluted EPS
$0.67
$1.25
$0.07
-46.4%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Operating cash flow
25.4
14.8
8.2
+71.9%
Capital expenditure
4.6
2.3
0.4
+98.3%
Free cash flow
20.7
12.4
7.8
+66.9%
Free cash flow margin
20.4%
13.9%
11.7%
Cash from investing
-4.6
-1.4
-0.4
Cash from financing
7.0
2.2
0.1
+211.5%
Depreciation and amortisation
1.4
0.5
0.5
+168.9%
Share-based compensation
6.7
4.9
4.8
+36.8%
Buybacks
n/a
4.4
2.9
Diluted shares, weighted
31m
30m
28m
+5.3%
Shares outstanding at period end
30m
29m
28m
+4.1%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
135
101
56.8
+33.3%
Debt
0.0
0.0
0.0
Other liabilities
16.5
23.2
17.5
-29.1%
Total liabilities and equity
151
124
74.4
+21.7%
Fixed assets
7.1
3.9
0.8
+81.2%
Intangible assets
0.0
0.1
0.5
-70.2%
Investments
n/a
n/a
0.8
Cash and equivalents
89.4
61.6
46.0
+45.0%
Receivables
34.9
34.0
20.9
+2.7%
Other assets
19.8
24.7
5.4
-19.6%
Total assets
151
124
74.4
+21.7%
10-K for the year ended 31 December 2013, filed 14 March 2014: the filing.