PDF Solutions (PDFS) FY2016 results: revenue $107 million, up 9.7% on the year
PDF Solutions Inc. (PDFS) reported revenue of $107 million for fiscal 2016, the year ended 31 December 2016, up 9.7% on the year before. Net income was $9 million, down 26.6%, and diluted earnings per share $0.28. The figures are the company's own, from the 10-K it filed with the SEC on 9 March 2017.
Revenue
$107 million
+9.7% on the year
FY2009FY2016
Operating margin
12.1%
19.6% a year earlier
FY2009FY2016
Net income
$9 million
-26.6% on the year
FY2009FY2016
Diluted EPS
$0.28
-28.2% on the year
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
107
98.0
100
+9.7%
Cost of revenue
44.4
39.0
39.7
+13.9%
Gross profit
63.0
59.0
60.4
+6.9%
Gross margin
58.6%
60.2%
60.4%
Research and development
27.6
19.1
14.1
+44.3%
Selling, general and administrative
22.1
20.4
18.5
+8.0%
Operating income
13.0
19.2
27.8
-32.6%
Operating margin
12.1%
19.6%
27.8%
Pre-tax income
13.0
19.4
28.0
-33.3%
Income tax
3.9
7.0
9.5
-45.1%
Effective tax rate
29.7%
36.1%
34.0%
Net income
9.1
12.4
18.5
-26.6%
Net margin
8.5%
12.7%
18.4%
Diluted EPS
$0.28
$0.39
$0.58
-28.2%
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
2.0
30.3
27.1
-93.4%
Capital expenditure
11.3
4.8
4.0
+135.8%
Free cash flow
-9.3
25.6
23.1
Free cash flow margin
-8.6%
26.1%
23.1%
Cash from investing
-11.3
-10.3
-3.7
Cash from financing
0.0
-9.2
2.7
Depreciation and amortisation
3.6
2.6
2.0
+35.4%
Share-based compensation
11.0
9.8
8.5
+12.8%
Buybacks
2.2
14.5
3.6
-85.0%
Diluted shares, weighted
32m
32m
32m
+0.8%
Shares outstanding at period end
32m
31m
31m
+2.4%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
199
174
162
+14.1%
Debt
0.0
0.0
0.0
Other liabilities
23.5
17.5
15.6
+34.7%
Total liabilities and equity
222
192
177
+15.9%
Fixed assets
19.3
11.3
8.8
+70.8%
Goodwill
0.2
0.2
0.0
0.0%
Intangible assets
4.2
5.0
0.0
-16.0%
Cash and equivalents
117
126
115
-7.4%
Receivables
48.2
33.4
37.7
+44.0%
Other assets
33.6
15.6
15.4
+115.4%
Total assets
222
192
177
+15.9%
10-K for the year ended 31 December 2016, filed 9 March 2017: the filing.