The following is a summary of the PDF Solutions, Inc. (PDFS) Q4 2023 Earnings Call Transcript:

Financial Performance:

• PDF Solutions reported 12% growth in full-year revenue, reaching $165.8 million, despite a contracting industry.

• Q4 2023 saw revenue of $41.1 million, boosted by strong bookings, with analytics revenue growing 9%.

• The company had a gross margin of 72% for Q4 and 73% on a full-year basis.

• The EPS was reported as $0.15 for Q4 and $0.73 for the full year.

• PDF Solutions reported positive operating cash flow of $14.6 million and remained debt-free with cash and equivalents, and short-term investments of $135.5 million.

Business Progress:

• PDF Solutions substantially increased interest in its ML Ops product and made notable progress towards becoming an end-to-end analytics platform for the semiconductor and electronics industries.

• Significant progress was made in product development, including the delivery of the Sapience Manufacturing Hub and updated eProbe model, with two machines shipped for manufacturing evaluation.

• Multiple large contracts signed in Q4 and ongoing, along with Department of Defense collaboration contribute to expected annual bookings growth.

• The company anticipates double-digit growth for 2024, expecting bookings for the year to increase substantially versus the previous year.

• PDF Solutions remains committed to achieving a 20% YoY total company revenue growth rate, 75% gross margin, and 20% operating margin through 2024.

More details: PDF Solutions IR

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