PDF Solutions, Inc. (PDFS) Financial Statements (2023 and earlier)

Company Profile

Business Address 2858 DE LA CRUZ BOULEVARD
SANTA CLARA, CA 95050
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 7372 - Prepackaged Software (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments139,181140,226145,29697,60596,089101,267116,787
Cash and cash equivalents119,62427,68430,31597,60596,089101,267116,787
Short-term investments19,557112,542114,981    
Receivables42,16440,08741,34048,05151,57057,56448,157
Other undisclosed current assets12,0638,1946,7441,9209,5625,0695,335
Total current assets:193,408188,507193,380147,576157,221163,900170,279
Noncurrent Assets
Operating lease, right-of-use asset6,0025,4086,6727,609
Property, plant and equipment40,17435,29539,24240,79835,68125,38619,341
Intangible assets, net (including goodwill)32,17835,36240,3478,5146,9877,9974,438
Goodwill14,12314,12315,7742,2931,9231,923215
Intangible assets, net (excluding goodwill)18,05521,23924,5736,2215,0646,0744,223
Deferred income tax assets647524925,327
Other noncurrent assets6,8459,1217,6909,7206,97210,54512,631
Deferred tax assets, net19,04416,34815,640
Total noncurrent assets:85,26385,26194,20091,96868,68460,27652,050
TOTAL ASSETS:278,671273,768287,580239,544225,905224,176222,329
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities11,96918,37719,04714,37310,41611,65610,245
Employee-related liabilities9,4958,3395,0724,7276,4935,959
Accounts payable6,3885,5544,3997,6362,4542,5362,206
Accrued liabilities5,5813,3286,3091,6653,2352,6272,080
Deferred revenue26,01923,69119,89510,639
Debt   1,867   
Deferred revenue and credits7,9818,189
Billings in excess of cost 88
Contract with customer, liability8,477
Other undisclosed current liabilities20,2121,7583,2631,117635  
Total current liabilities:58,20043,82642,20527,99619,52819,63718,522
Noncurrent Liabilities
Long-term debt and lease obligation: 5,2586,5167,677   
Liabilities, other than long-term debt10,4595,0994,3537,7146,5826,1715,004
Accounts payable and accrued liabilities2,6222,6562,9565,3683,7513,9023,354
Deferred revenue1,905   
Other liabilities 2,4431,3972,3462,8312,2691,650
Operating lease, liability5,9325,2586,5167,677
Total noncurrent liabilities:10,45910,35710,86915,3916,5826,1715,004
Total liabilities:68,65954,18353,07443,38726,11025,80823,526
Equity
Equity, attributable to parent210,012219,585234,506196,157199,795198,368198,803
Common stock6665555
Treasury stock, value(133,709)(104,705)(96,215)(91,695)(79,142)(71,793)(54,882)
Additional paid in capital447,415423,069407,173325,197310,660297,950281,423
Accumulated other comprehensive loss(2,550)(1,064)(225)(1,480)(1,276)(705)(1,991)
Accumulated deficit(101,150)(97,721)(76,233)(35,870)(30,452)(27,089)(25,752)
Total equity:210,012219,585234,506196,157199,795198,368198,803
TOTAL LIABILITIES AND EQUITY:278,671273,768287,580239,544225,905224,176222,329

Income Statement (P&L) ($ in thousands)

12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues148,549111,06088,04685,58585,794101,871107,461
Revenue, net74,43677,162
Cost of revenue(47,907)(44,193)(36,765)(33,474) (47,521)(44,448)
Cost of goods and services sold   (33,474) (47,521)(44,448)
Other undisclosed gross profit    (42,803)  
Gross profit:100,64266,86751,28152,11142,99154,35063,013
Operating expenses(101,464)(81,429)(67,331)(59,138)(52,943)(54,160)(50,047)
Operating income (loss):(822)(14,562)(16,050)(7,027)(9,952)19012,966
Nonoperating income (expense) 683(1,269)276493(264)(10)
Income (loss) from continuing operations before equity method investments, income taxes:(822)(13,879)(17,319)(6,751)(9,459)(74)12,956
Other undisclosed income (loss) from continuing operations before income taxes1,292(4,438)(741)(609)   
Income (loss) from continuing operations before income taxes:470(18,317)(18,060)(7,360)(9,459)(74)12,956
Income tax expense (benefit)(3,899)(3,171)(22,303)1,9421,743(1,263)(3,853)
Income (loss) from continuing operations:(3,429)(21,488)(40,363)(5,418)(7,716)(1,337)9,103
Income (loss) before gain (loss) on sale of properties:(21,488)(40,363)(5,418)(7,716)(1,337)9,103
Net income (loss) available to common stockholders, diluted:(3,429)(21,488)(40,363)(5,418)(7,716)(1,337)9,103

Comprehensive Income ($ in thousands)

12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income (loss):(3,429)(21,488)(40,363)(5,418)(7,716)(1,337)9,103
Comprehensive income (loss):(3,429)(21,488)(40,363)(5,418)(7,716)(1,337)9,103
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(1,486)(839)1,255(204)(571)1,286(448)
Comprehensive income (loss), net of tax, attributable to parent:(4,915)(22,327)(39,108)(5,622)(8,287)(51)8,655

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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