PDF Solutions (PDFS) FY2015 results: revenue $98 million, down 2.2% on the year
PDF Solutions Inc. (PDFS) reported revenue of $98 million for fiscal 2015, the year ended 31 December 2015, down 2.2% on the year before. Net income was $12 million, down 32.8%, and diluted earnings per share $0.39. The figures are the company's own, from the 10-K it filed with the SEC on 1 March 2016.
Revenue
$98 million
-2.2% on the year
FY2009FY2015
Operating margin
19.6%
27.8% a year earlier
FY2009FY2015
Net income
$12 million
-32.8% on the year
FY2009FY2015
Diluted EPS
$0.39
-32.8% on the year
FY2009FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
98.0
100
101
-2.2%
Cost of revenue
39.0
39.7
39.5
-1.7%
Gross profit
59.0
60.4
62.0
-2.5%
Gross margin
60.2%
60.4%
61.1%
Research and development
19.1
14.1
13.3
+35.8%
Selling, general and administrative
20.4
18.5
17.0
+10.6%
Operating income
19.2
27.8
31.4
-30.9%
Operating margin
19.6%
27.8%
30.9%
Pre-tax income
19.4
28.0
31.3
-30.5%
Income tax
7.0
9.5
10.4
-26.1%
Effective tax rate
36.1%
34.0%
33.2%
Net income
12.4
18.5
20.9
-32.8%
Net margin
12.7%
18.4%
20.6%
Diluted EPS
$0.39
$0.58
$0.67
-32.8%
$ 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
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
30.3
27.1
25.4
+12.0%
Capital expenditure
4.8
4.0
4.6
+20.9%
Free cash flow
25.6
23.1
20.7
+10.5%
Free cash flow margin
26.1%
23.1%
20.4%
Cash from investing
-10.3
-3.7
-4.6
Cash from financing
-9.2
2.7
7.0
Depreciation and amortisation
2.6
2.0
1.4
+31.6%
Share-based compensation
9.8
8.5
6.7
+14.1%
Buybacks
14.5
3.6
n/a
+307.3%
Diluted shares, weighted
32m
32m
31m
+0.7%
Shares outstanding at period end
31m
31m
30m
-0.0%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
174
162
135
+7.7%
Debt
0.0
0.0
0.0
Other liabilities
17.5
15.6
16.5
+11.8%
Total liabilities and equity
192
177
151
+8.1%
Fixed assets
11.3
8.8
7.1
+28.2%
Goodwill
0.2
0.0
n/a
Intangible assets
5.0
0.0
0.0
Cash and equivalents
126
115
89.4
+9.3%
Receivables
33.4
37.7
34.9
-11.4%
Other assets
15.6
15.4
19.8
+1.2%
Total assets
192
177
151
+8.1%
10-K for the year ended 31 December 2015, filed 1 March 2016: the filing.