PDF Solutions (PDFS) FY2020 results: revenue $88 million, up 2.9% on the year
PDF Solutions Inc. (PDFS) reported revenue of $88 million for fiscal 2020, the year ended 31 December 2020, up 2.9% on the year before. Net income was -$40 million, and diluted earnings per share $-1.17. The figures are the company's own, from the 10-K it filed with the SEC on 11 March 2021.
Revenue
$88 million
+2.9% on the year
FY2013FY2020
Operating margin
n/a
FY2013FY2020
Net income
-$40 million
FY2013FY2020
Diluted EPS
-$1.17
FY2013FY2020
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Revenue
88.0
85.6
85.8
+2.9%
Cost of revenue
36.8
33.5
42.8
+9.8%
Gross profit
51.3
52.1
43.0
-1.6%
Gross margin
58.2%
60.9%
50.1%
Research and development
34.7
32.7
28.0
+5.8%
Selling, general and administrative
32.7
26.3
23.9
+24.3%
Operating income
n/a
n/a
-10.0
Operating margin
n/a
n/a
-11.6%
Pre-tax income
-18.1
-7.4
-9.5
Income tax
22.3
-1.9
-1.7
Net income
-40.4
-5.4
-7.7
Net margin
-45.8%
-6.3%
-9.0%
Diluted EPS
-$1.17
-$0.17
-$0.24
$ 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
FY2020
FY2019
FY2018
On the year
Last 8 years
Operating cash flow
21.8
24.6
13.3
-11.4%
Capital expenditure
6.0
10.6
13.1
-43.1%
Free cash flow
15.8
14.0
0.2
+12.4%
Free cash flow margin
17.9%
16.4%
0.3%
Cash from investing
-151
-13.2
-13.1
Cash from financing
64.8
-9.8
-5.2
Depreciation and amortisation
6.7
6.0
5.0
+11.5%
Share-based compensation
12.5
11.4
10.3
+9.1%
Buybacks
0.0
9.6
5.2
Diluted shares, weighted
34m
32m
32m
+6.3%
Shares outstanding at period end
37m
33m
32m
+13.4%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
235
196
200
+19.6%
Debt
0.0
0.0
0.0
Operating lease liabilities
6.5
7.7
n/a
-15.1%
Other liabilities
46.6
35.7
26.1
+30.4%
Total liabilities and equity
288
240
226
+20.1%
Fixed assets
39.2
40.8
35.7
-3.8%
Goodwill
15.8
2.3
2.3
+587.9%
Intangible assets
24.6
6.2
5.1
+295.0%
Investments
115
0.0
n/a
Cash and equivalents
30.3
97.6
96.1
-68.9%
Receivables
34.1
40.7
51.6
-16.0%
Other assets
28.6
52.0
35.2
-45.1%
Total assets
288
240
226
+20.1%
10-K for the year ended 31 December 2020, filed 11 March 2021: the filing.