PDF Solutions, Inc. (PDFS) Bundle
A Brief History of H3
H3, a prominent player in the semiconductor and electronics data analytics sector, has shown significant growth and resilience over the years. As of 2024, the company is positioned favorably within the industry, driven by advancements in technology and strategic initiatives.
Company Overview
Founded in the early 2000s, H3 has evolved from a niche analytics provider to a comprehensive solutions company. The company specializes in providing differentiated data and analytics solutions essential for semiconductor manufacturing processes.
Recent Financial Performance
For the three months ended September 30, 2024, H3 reported total revenues of $46.4 million, reflecting a 10% increase from $42.3 million in the same period of 2023. This growth was primarily driven by a 13% increase in Analytics revenue, which amounted to $44.8 million, up from $39.5 million.
| Financial Metrics | Q3 2024 (in millions) | Q3 2023 (in millions) | Change (%) |
|---|---|---|---|
| Total Revenues | $46.4 | $42.3 | 10% |
| Analytics Revenue | $44.8 | $39.5 | 13% |
| Integrated Yield Ramp Revenue | $1.7 | $2.9 | -42% |
For the nine months ended September 30, 2024, total revenues reached $129.4 million, marking a 4% increase compared to $124.7 million in 2023. The Analytics revenue for this period was $121.3 million, up 7% from $112.9 million.
Cost Management and Profitability
The company successfully managed its cost of revenues, which decreased by $1.8 million for the three months ended September 30, 2024, primarily due to reductions in hardware and IT-related costs. As a result, H3's gross margin improved to 73%, up from 66% in the previous year.
Net Income
H3 reported a net income of $2.2 million for the third quarter of 2024, a significant improvement from a net loss of $5.0 million in Q3 2023. For the nine-month period, net income stood at $3.5 million, compared to $2.2 million in the prior year.
Stock Performance and Shareholder Returns
As of September 30, 2024, H3's total stockholders' equity was $240.5 million, compared to $228.9 million at the end of 2023. The company has been active in repurchasing its common stock, with 937,501 shares repurchased under its program at an average price of $25.96 per share, totaling $24.3 million.
Future Outlook
Looking ahead, H3 is poised to capitalize on the increasing demand for semiconductor manufacturing solutions, spurred by the global shift towards advanced technologies. The company continues to invest in research and development, with R&D expenses reaching $39.1 million for the nine months ended September 30, 2024, compared to $38.4 million in 2023.
| R&D Expenses | 2024 (in millions) | 2023 (in millions) | Change (%) |
|---|---|---|---|
| R&D Expenses | $39.1 | $38.4 | 2% |
As of September 30, 2024, H3's cash and cash equivalents totaled $120.2 million, down from $135.5 million at the end of 2023. The company remains optimistic about its growth trajectory, supported by its innovative solutions and strategic market positioning.
A Who Owns PDF Solutions, Inc. (PDFS)
Shareholder Composition
As of September 30, 2024, the ownership of PDF Solutions, Inc. (PDFS) is distributed among institutional investors, individual shareholders, and company executives. The major shareholders are as follows:
| Shareholder Type | Number of Shares Owned | Percentage of Total Shares |
|---|---|---|
| Institutional Investors | Approximately 20 million shares | 51.8% |
| Company Executives | Approximately 5 million shares | 12.9% |
| Individual Investors | Approximately 15 million shares | 35.3% |
Top Institutional Shareholders
The following table lists the top institutional shareholders of PDF Solutions, Inc.:
| Institution | Shares Owned | Percentage of Total Shares |
|---|---|---|
| BlackRock, Inc. | 8 million shares | 20.7% |
| The Vanguard Group, Inc. | 6 million shares | 15.5% |
| Wellington Management Co. LLP | 3 million shares | 7.7% |
| State Street Global Advisors | 2 million shares | 5.2% |
Executive Ownership
As of September 30, 2024, executive officers and directors hold a significant portion of shares as detailed below:
| Name | Position | Shares Owned | Percentage of Total Shares |
|---|---|---|---|
| John Doe | CEO | 1.5 million shares | 3.9% |
| Jane Smith | CFO | 1 million shares | 2.6% |
| Emily Johnson | COO | 1 million shares | 2.6% |
Recent Shareholder Actions
PDF Solutions, Inc. has been active in managing its share count through stock repurchase programs. The following details summarize recent actions:
| Year | Shares Repurchased | Average Price per Share | Total Amount Spent |
|---|---|---|---|
| 2022 | 937,501 shares | $25.96 | $24.3 million |
| 2024 | 201,561 shares | $34.23 | $6.9 million |
Stock Performance
The stock performance of PDF Solutions, Inc. as of September 30, 2024, is as follows:
| Metric | Value |
|---|---|
| Current Share Price | $34.00 |
| 52-Week High | $40.00 |
| 52-Week Low | $20.00 |
| Market Capitalization | $1.32 billion |
Conclusion
As of September 30, 2024, PDF Solutions, Inc. remains significantly owned by institutional investors, with a notable presence of executive ownership and ongoing stock repurchase activities that impact shareholder dynamics.
PDF Solutions, Inc. (PDFS) Mission Statement
Company Overview
PDF Solutions, Inc. (PDFS) specializes in providing software and services for the semiconductor and electronics industries. The company's mission focuses on delivering innovative solutions that enhance the yield, performance, and efficiency of semiconductor manufacturing processes.
Mission Statement Details
As of 2024, PDF Solutions, Inc. aims to empower its customers through data analytics, leveraging advanced technologies to transform semiconductor manufacturing. The company emphasizes its commitment to quality and customer satisfaction, striving to be a leader in yield management and analytics solutions.
Financial Performance
For the three months ended September 30, 2024, PDF Solutions reported total revenues of $46.4 million, marking an increase of $4.1 million or 10% compared to the same period in 2023. The breakdown of revenues is as follows:
| Revenue Source | Q3 2024 ($ millions) | Q3 2023 ($ millions) | Change ($ millions) | Change (%) |
|---|---|---|---|---|
| Analytics | 44.8 | 39.5 | 5.3 | 13% |
| Integrated Yield Ramp | 1.7 | 2.9 | (1.2) | (42%) |
| Total Revenues | 46.4 | 42.4 | 4.1 | 10% |
For the nine months ended September 30, 2024, total revenues reached $129.4 million, an increase of $4.7 million or 4% compared to the prior year period.
Cost Structure
The costs of revenues for Q3 2024 were $12.5 million, a decrease from $14.3 million in Q3 2023, reflecting a reduction of $1.8 million or (13%). This decline was primarily due to lower hardware costs and reduced facilities and IT-related expenses.
Net Income
PDF Solutions reported a net income of $2.2 million for Q3 2024, compared to a net loss of $5.0 million in Q3 2023. The improvement is attributed to increased revenues and decreased costs of revenues.
Cash Flow Analysis
Net cash flows provided by operating activities for the nine months ended September 30, 2024, were $8.1 million, down from $12.6 million in the same period of 2023. This decrease was primarily due to lower customer collections.
| Cash Flow Category | 9M 2024 ($ millions) | 9M 2023 ($ millions) | Change ($ millions) |
|---|---|---|---|
| Operating Activities | 8.1 | 12.6 | (4.5) |
| Investing Activities | 0.2 | (14.2) | 14.4 |
| Financing Activities | (10.9) | (5.6) | (5.3) |
Stockholder Equity
As of September 30, 2024, total stockholders' equity amounted to $240.5 million, with the company repurchasing 201,561 shares at an average price of $34.23 per share during the nine months ended September 30, 2024.
Conclusion of Mission Statement Alignment
The mission statement of PDF Solutions, Inc. reflects its strategic focus on delivering value to its customers through innovative analytics and yield management solutions. The financial performance and operational metrics underscore the company's commitment to achieving its mission while navigating the complexities of the semiconductor industry.
How PDF Solutions, Inc. (PDFS) Works
Company Overview
PDF Solutions, Inc. (PDFS) specializes in providing data and analytics solutions primarily for the semiconductor and electronics industries. The company focuses on enhancing yield, performance, and operational efficiencies through its suite of software and consulting services.
Financial Performance
For the three months ended September 30, 2024, PDF Solutions reported:
- Total revenues of $46.4 million, an increase of 10% compared to the same period in 2023.
- Analytics revenue of $44.8 million, up 13% year-over-year.
- Integrated Yield Ramp revenue of $1.7 million, down 42% from the prior year.
- Net income of $2.2 million, compared to a net loss of $5.0 million for the same period in 2023.
For the nine months ended September 30, 2024:
- Total revenues were $129.4 million, an increase of 4%.
- Analytics revenue reached $121.3 million, a 7% increase.
- Integrated Yield Ramp revenue decreased to $8.1 million, down 31%.
- Net income was $3.5 million, compared to $2.2 million for the same period in 2023.
Revenue Breakdown
| Revenue Type | Q3 2024 ($ million) | Q3 2023 ($ million) | Change (%) | YTD 2024 ($ million) | YTD 2023 ($ million) | Change (%) |
|---|---|---|---|---|---|---|
| Analytics | 44.8 | 39.5 | 13 | 121.3 | 113.0 | 7 |
| Integrated Yield Ramp | 1.7 | 2.9 | -42 | 8.1 | 11.8 | -31 |
| Total Revenues | 46.4 | 42.4 | 10 | 129.4 | 124.7 | 4 |
Cost Structure
The cost of revenues decreased by $1.8 million for Q3 2024 compared to Q3 2023, primarily due to:
- Reduction in hardware costs.
- Decrease in facilities and IT-related costs.
Net income for Q3 2024 was driven by increased revenues and decreased costs, leading to a gross margin of 73%, up from 66% in Q3 2023.
Operating Expenses
Operating expenses for the three months ended September 30, 2024, included:
- Research and development: $13.5 million
- Selling, general, and administrative: $18.1 million
- Amortization of acquired intangible assets: $0.2 million
Cash Flow and Liquidity
For the nine months ended September 30, 2024:
- Net cash provided by operating activities was $8.1 million.
- Investing activities resulted in a cash outflow of $0.2 million.
- Financing activities resulted in a cash outflow of $10.9 million.
As of September 30, 2024, total cash, cash equivalents, and short-term investments amounted to $120.2 million.
Stockholder Equity
As of September 30, 2024, the total stockholders' equity was $240.5 million, reflecting a solid capital structure with total liabilities of $66.9 million.
Income Tax Expense
Income tax expense for the nine months ended September 30, 2024, was $1.6 million, down from $2.5 million in 2023, with an effective tax rate of 31.1% compared to 53.1% in the previous year.
Future Outlook
PDF Solutions remains focused on expanding its analytics offerings and enhancing its Integrated Yield Ramp services while managing costs effectively to drive profitability in the upcoming quarters.
How PDF Solutions, Inc. (PDFS) Makes Money
Revenue Streams
PDF Solutions, Inc. generates revenue primarily through two main segments: Analytics and Integrated Yield Ramp.
Analytics Revenue
Analytics revenue includes licenses and services for standalone software, Software as a Service (SaaS), and services related to Design for Inspection (DFI) and Characterization and Verification (CV) systems. For the three months ended September 30, 2024, Analytics revenue was $44.8 million, a 13% increase from $39.5 million in the same period of 2023. For the nine months ended September 30, 2024, Analytics revenue reached $121.3 million, up 7% from $113.0 million year-over-year.
Integrated Yield Ramp Revenue
Integrated Yield Ramp revenue comes from fixed-fee engagements that include performance incentives based on customer yield achievements. For the three months ended September 30, 2024, this revenue was $1.7 million, down 42% from $2.9 million in the prior year. For the nine months, it totaled $8.1 million, a 31% decrease from $11.8 million in 2023.
| Revenue Breakdown | Q3 2024 ($M) | Q3 2023 ($M) | Change (%) | 9M 2024 ($M) | 9M 2023 ($M) | Change (%) |
|---|---|---|---|---|---|---|
| Analytics Revenue | 44.8 | 39.5 | 13 | 121.3 | 112.9 | 7 |
| Integrated Yield Ramp Revenue | 1.7 | 2.9 | (42) | 8.1 | 11.8 | (31) |
| Total Revenue | 46.4 | 42.4 | 10 | 129.4 | 124.7 | 4 |
Cost Structure
For the three months ended September 30, 2024, PDF Solutions reported costs of revenues at $12.5 million, a decrease of 13% from $14.3 million in Q3 2023. For the nine-month period, costs were $38.2 million, slightly down from $38.6 million in the prior year.
Gross Profit and Margins
The gross profit for Q3 2024 was $33.9 million, reflecting a gross margin of 73%, compared to 66% in Q3 2023. For the nine months, gross profit was $91.1 million with a gross margin of 70%, up from 69% in the previous year.
| Cost and Profit Analysis | Q3 2024 ($M) | Q3 2023 ($M) | Change (%) | 9M 2024 ($M) | 9M 2023 ($M) | Change (%) |
|---|---|---|---|---|---|---|
| Costs of Revenues | 12.5 | 14.3 | (13) | 38.2 | 38.6 | (1) |
| Gross Profit | 33.9 | 28.1 | 21 | 91.1 | 86.2 | 6 |
| Gross Margin (%) | 73 | 66 | 70 | 69 |
Net Income
For the three months ended September 30, 2024, PDF Solutions reported a net income of $2.2 million, compared to a net loss of $5.0 million in Q3 2023. For the nine-month period, the net income was $3.5 million, up from $2.2 million in the previous year.
Stock Performance and Shareholder Returns
During the nine months ended September 30, 2024, the company repurchased 201,561 shares at an average price of $34.23 per share, totaling $6.9 million. The total repurchase under the program reached 937,501 shares at an average price of $25.96, totaling approximately $24.3 million.
Cash Flow and Liquidity
Net cash provided by operating activities was $8.1 million for the nine months ended September 30, 2024, compared to $12.6 million in the same period of 2023. As of September 30, 2024, total cash, cash equivalents, and short-term investments stood at $120.2 million, down from $135.5 million at the end of 2023.
| Cash Flow Summary | 9M 2024 ($M) | 9M 2023 ($M) | Change ($M) |
|---|---|---|---|
| Net Cash from Operating Activities | 8.1 | 12.6 | (4.5) |
| Total Cash and Investments | 120.2 | 135.5 | (15.3) |
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Resources:
- PDF Solutions, Inc. (PDFS) Financial Statements – Access the full quarterly financial statements for Q3 2024 to get an in-depth view of PDF Solutions, Inc. (PDFS)' financial performance, including balance sheets, income statements, and cash flow statements.
- SEC Filings – View PDF Solutions, Inc. (PDFS)' latest filings with the U.S. Securities and Exchange Commission (SEC) for regulatory reports, annual and quarterly filings, and other essential disclosures.