PDF Solutions (PDFS) FY2018 results: revenue $86 million, down 15.8% on the year
PDF Solutions Inc. (PDFS) reported revenue of $86 million for fiscal 2018, the year ended 31 December 2018, down 15.8% on the year before. Net income was -$8 million, and diluted earnings per share $-0.24. The figures are the company's own, from the 10-K it filed with the SEC on 8 March 2019.
Revenue
$86 million
-15.8% on the year
FY2011FY2018
Operating margin
-11.6%
0.2% a year earlier
FY2011FY2018
Net income
-$8 million
FY2011FY2018
Diluted EPS
-$0.24
FY2011FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
85.8
102
107
-15.8%
Cost of revenue
42.8
47.5
44.4
-9.9%
Gross profit
43.0
54.4
63.0
-20.9%
Gross margin
50.1%
53.4%
58.6%
Research and development
28.0
30.1
27.6
-6.9%
Selling, general and administrative
23.9
23.7
22.1
+1.1%
Operating income
-10.0
0.2
13.0
Operating margin
-11.6%
0.2%
12.1%
Pre-tax income
-9.5
-0.1
13.0
Income tax
-1.7
1.3
3.9
Effective tax rate
n/a
n/a
29.7%
Net income
-7.7
-1.3
9.1
Net margin
-9.0%
-1.3%
8.5%
Diluted EPS
-$0.24
-$0.04
$0.28
$ 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
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
13.3
10.5
2.0
+26.5%
Capital expenditure
13.1
10.3
11.3
+27.9%
Free cash flow
0.2
0.3
-9.3
-23.4%
Free cash flow margin
0.3%
0.3%
-8.6%
Cash from investing
-13.1
-14.1
-11.3
Cash from financing
-5.2
-12.2
0.0
Depreciation and amortisation
5.0
4.8
3.6
+3.7%
Share-based compensation
10.3
11.8
11.0
-12.8%
Buybacks
5.2
13.4
2.2
-60.9%
Diluted shares, weighted
32m
32m
32m
+0.4%
Shares outstanding at period end
32m
32m
32m
+0.8%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
200
198
199
+0.7%
Debt
0.0
0.0
0.0
Other liabilities
26.1
25.8
23.5
+1.2%
Total liabilities and equity
226
224
222
+0.8%
Fixed assets
35.7
25.4
19.3
+40.6%
Goodwill
2.3
1.9
0.2
+19.2%
Intangible assets
5.1
6.1
4.2
-16.6%
Cash and equivalents
96.1
101
117
-5.1%
Receivables
51.6
57.6
48.2
-10.4%
Other assets
35.2
32.0
33.6
+10.2%
Total assets
226
224
222
+0.8%
10-K for the year ended 31 December 2018, filed 8 March 2019: the filing.