PDF Solutions (PDFS) FY2019 results: revenue $86 million, down 0.2% on the year
PDF Solutions Inc. (PDFS) reported revenue of $86 million for fiscal 2019, the year ended 31 December 2019, down 0.2% on the year before. Net income was -$5 million, and diluted earnings per share $-0.17. The figures are the company's own, from the 10-K it filed with the SEC on 10 March 2020.
Revenue
$86 million
-0.2% on the year
FY2012FY2019
Operating margin
n/a
-11.6% a year earlier
FY2012FY2019
Net income
-$5 million
FY2012FY2019
Diluted EPS
-$0.17
FY2012FY2019
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Revenue
85.6
85.8
102
-0.2%
Cost of revenue
33.5
42.8
47.5
-21.8%
Gross profit
52.1
43.0
54.4
+21.2%
Gross margin
60.9%
50.1%
53.4%
Research and development
32.7
28.0
30.1
+17.0%
Selling, general and administrative
26.3
23.9
23.7
+9.9%
Operating income
n/a
-10.0
0.2
Operating margin
n/a
-11.6%
0.2%
Pre-tax income
-7.4
-9.5
-0.1
Income tax
-1.9
-1.7
1.3
Net income
-5.4
-7.7
-1.3
Net margin
-6.3%
-9.0%
-1.3%
Diluted EPS
-$0.17
-$0.24
-$0.04
$ 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
FY2019
FY2018
FY2017
On the year
Last 8 years
Operating cash flow
24.6
13.3
10.5
+84.4%
Capital expenditure
10.6
13.1
10.3
-19.5%
Free cash flow
14.0
0.2
0.3
+6,223.4%
Free cash flow margin
16.4%
0.3%
0.3%
Cash from investing
-13.2
-13.1
-14.1
Cash from financing
-9.8
-5.2
-12.2
Depreciation and amortisation
6.0
5.0
4.8
+21.4%
Share-based compensation
11.4
10.3
11.8
+11.0%
Buybacks
9.6
5.2
13.4
+83.7%
Diluted shares, weighted
32m
32m
32m
+0.8%
Shares outstanding at period end
33m
32m
32m
+0.4%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
196
200
198
-1.8%
Debt
0.0
0.0
0.0
Operating lease liabilities
7.7
n/a
n/a
Other liabilities
35.7
26.1
25.8
+36.8%
Total liabilities and equity
240
226
224
+6.0%
Fixed assets
40.8
35.7
25.4
+14.3%
Goodwill
2.3
2.3
1.9
0.0%
Intangible assets
6.2
5.1
6.1
+22.8%
Investments
0.0
n/a
n/a
Cash and equivalents
97.6
96.1
101
+1.6%
Receivables
40.7
51.6
57.6
-21.2%
Other assets
52.0
35.2
32.0
+47.6%
Total assets
240
226
224
+6.0%
10-K for the year ended 31 December 2019, filed 10 March 2020: the filing.