PDF Solutions (PDFS) FY2017 results: revenue $102 million, down 5.2% on the year
PDF Solutions Inc. (PDFS) reported revenue of $102 million for fiscal 2017, the year ended 31 December 2017, down 5.2% on the year before. Net income was -$1 million, and diluted earnings per share $-0.04. The figures are the company's own, from the 10-K it filed with the SEC on 16 March 2018.
Revenue
$102 million
-5.2% on the year
FY2010FY2017
Operating margin
0.2%
12.1% a year earlier
FY2010FY2017
Net income
-$1 million
FY2010FY2017
Diluted EPS
-$0.04
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
102
107
98.0
-5.2%
Cost of revenue
47.5
44.4
39.0
+6.9%
Gross profit
54.4
63.0
59.0
-13.7%
Gross margin
53.4%
58.6%
60.2%
Research and development
30.1
27.6
19.1
+9.1%
Selling, general and administrative
23.7
22.1
20.4
+7.4%
Operating income
0.2
13.0
19.2
-98.5%
Operating margin
0.2%
12.1%
19.6%
Pre-tax income
-0.1
13.0
19.4
Income tax
1.3
3.9
7.0
-67.2%
Effective tax rate
n/a
29.7%
36.1%
Net income
-1.3
9.1
12.4
Net margin
-1.3%
8.5%
12.7%
Diluted EPS
-$0.04
$0.28
$0.39
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
10.5
2.0
30.3
+427.2%
Capital expenditure
10.3
11.3
4.8
-9.1%
Free cash flow
0.3
-9.3
25.6
Free cash flow margin
0.3%
-8.6%
26.1%
Cash from investing
-14.1
-11.3
-10.3
Cash from financing
-12.2
0.0
-9.2
Depreciation and amortisation
4.8
3.6
2.6
+33.6%
Share-based compensation
11.8
11.0
9.8
+7.3%
Buybacks
13.4
2.2
14.5
+514.9%
Diluted shares, weighted
32m
32m
32m
-1.2%
Shares outstanding at period end
32m
32m
31m
+0.8%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
198
199
174
-0.2%
Debt
0.0
0.0
0.0
Other liabilities
25.8
23.5
17.5
+9.7%
Total liabilities and equity
224
222
192
+0.8%
Fixed assets
25.4
19.3
11.3
+31.3%
Goodwill
1.9
0.2
0.2
+794.4%
Intangible assets
6.1
4.2
5.0
+43.8%
Cash and equivalents
101
117
126
-13.3%
Receivables
57.6
48.2
33.4
+19.5%
Other assets
32.0
33.6
15.6
-4.9%
Total assets
224
222
192
+0.8%
10-K for the year ended 31 December 2017, filed 16 March 2018: the filing.