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 investments | 139,181 | 140,226 | 145,296 | 97,605 | 96,089 | 101,267 | 116,787 | ||
| Cash and cash equivalents | 119,624 | 27,684 | 30,315 | 97,605 | 96,089 | 101,267 | 116,787 | ||
| Short-term investments | 19,557 | 112,542 | 114,981 | ||||||
| Receivables | 42,164 | 40,087 | 41,340 | 48,051 | 51,570 | 57,564 | 48,157 | ||
| Other undisclosed current assets | 12,063 | 8,194 | 6,744 | 1,920 | 9,562 | 5,069 | 5,335 | ||
| Total current assets: | 193,408 | 188,507 | 193,380 | 147,576 | 157,221 | 163,900 | 170,279 | ||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 6,002 | 5,408 | 6,672 | 7,609 | ✕ | ✕ | ✕ | ||
| Property, plant and equipment | 40,174 | 35,295 | 39,242 | 40,798 | 35,681 | 25,386 | 19,341 | ||
| Intangible assets, net (including goodwill) | 32,178 | 35,362 | 40,347 | 8,514 | 6,987 | 7,997 | 4,438 | ||
| Goodwill | 14,123 | 14,123 | 15,774 | 2,293 | 1,923 | 1,923 | 215 | ||
| Intangible assets, net (excluding goodwill) | 18,055 | 21,239 | 24,573 | 6,221 | 5,064 | 6,074 | 4,223 | ||
| Deferred income tax assets | 64 | 75 | 249 | 25,327 | ✕ | ✕ | ✕ | ||
| Other noncurrent assets | 6,845 | 9,121 | 7,690 | 9,720 | 6,972 | 10,545 | 12,631 | ||
| Deferred tax assets, net | ✕ | ✕ | ✕ | ✕ | 19,044 | 16,348 | 15,640 | ||
| Total noncurrent assets: | 85,263 | 85,261 | 94,200 | 91,968 | 68,684 | 60,276 | 52,050 | ||
| TOTAL ASSETS: | 278,671 | 273,768 | 287,580 | 239,544 | 225,905 | 224,176 | 222,329 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 11,969 | 18,377 | 19,047 | 14,373 | 10,416 | 11,656 | 10,245 | ||
| Employee-related liabilities | ✕ | 9,495 | 8,339 | 5,072 | 4,727 | 6,493 | 5,959 | ||
| Accounts payable | 6,388 | 5,554 | 4,399 | 7,636 | 2,454 | 2,536 | 2,206 | ||
| Accrued liabilities | 5,581 | 3,328 | 6,309 | 1,665 | 3,235 | 2,627 | 2,080 | ||
| Deferred revenue | 26,019 | 23,691 | 19,895 | 10,639 | ✕ | ✕ | ✕ | ||
| Debt | 1,867 | ||||||||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | ✕ | 7,981 | 8,189 | ||
| Billings in excess of cost | ✕ | ✕ | ✕ | ✕ | ✕ | 88 | |||
| Contract with customer, liability | ✕ | ✕ | ✕ | ✕ | 8,477 | ✕ | ✕ | ||
| Other undisclosed current liabilities | 20,212 | 1,758 | 3,263 | 1,117 | 635 | ||||
| Total current liabilities: | 58,200 | 43,826 | 42,205 | 27,996 | 19,528 | 19,637 | 18,522 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation: | 5,258 | 6,516 | 7,677 | ||||||
| Liabilities, other than long-term debt | 10,459 | 5,099 | 4,353 | 7,714 | 6,582 | 6,171 | 5,004 | ||
| Accounts payable and accrued liabilities | 2,622 | 2,656 | 2,956 | 5,368 | 3,751 | 3,902 | 3,354 | ||
| Deferred revenue | 1,905 | ✕ | ✕ | ✕ | |||||
| Other liabilities | 2,443 | 1,397 | 2,346 | 2,831 | 2,269 | 1,650 | |||
| Operating lease, liability | 5,932 | 5,258 | 6,516 | 7,677 | ✕ | ✕ | ✕ | ||
| Total noncurrent liabilities: | 10,459 | 10,357 | 10,869 | 15,391 | 6,582 | 6,171 | 5,004 | ||
| Total liabilities: | 68,659 | 54,183 | 53,074 | 43,387 | 26,110 | 25,808 | 23,526 | ||
| Equity | |||||||||
| Equity, attributable to parent | 210,012 | 219,585 | 234,506 | 196,157 | 199,795 | 198,368 | 198,803 | ||
| Common stock | 6 | 6 | 6 | 5 | 5 | 5 | 5 | ||
| Treasury stock, value | (133,709) | (104,705) | (96,215) | (91,695) | (79,142) | (71,793) | (54,882) | ||
| Additional paid in capital | 447,415 | 423,069 | 407,173 | 325,197 | 310,660 | 297,950 | 281,423 | ||
| 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: | 210,012 | 219,585 | 234,506 | 196,157 | 199,795 | 198,368 | 198,803 | ||
| TOTAL LIABILITIES AND EQUITY: | 278,671 | 273,768 | 287,580 | 239,544 | 225,905 | 224,176 | 222,329 | ||
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 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 148,549 | 111,060 | 88,046 | 85,585 | 85,794 | 101,871 | 107,461 | |
| Revenue, net | ✕ | ✕ | ✕ | ✕ | ✕ | 74,436 | 77,162 | |
| 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: | 100,642 | 66,867 | 51,281 | 52,111 | 42,991 | 54,350 | 63,013 | |
| 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) | 190 | 12,966 | |
| Nonoperating income (expense) | 683 | (1,269) | 276 | 493 | (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 taxes | 1,292 | (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) | 1,942 | 1,743 | (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.