PDF Solutions(R) Reports Third Fiscal Quarter 2010 Results

SAN JOSE, Calif., Oct. 28, 2010 (GLOBE NEWSWIRE) -- PDF Solutions, Inc. (Nasdaq:PDFS) the leading provider of yield improvement technologies and services for the integrated circuit (IC) manufacturing process life cycle, today announced financial results for its third fiscal quarter ended September 30, 2010.

Total revenues for the third fiscal quarter of 2010 totaled $14.8 million, down 3% from $15.4 million for the second fiscal quarter of 2010, and up 7% when compared with total revenues of $13.9 million for the third fiscal quarter of 2009. Gainshare performance incentives revenues for the reported period totaled $4.3 million, down 5% from $4.5 million for the second fiscal quarter of 2010, and down 20% when compared to gainshare performance incentives revenues of $5.4 million for the third fiscal quarter of 2009.

Net income for the third fiscal quarter of 2010 was $50,000, or $0.00 per basic and diluted share, compared to net income of $317,000, or $0.01 per basic and diluted share, for the second fiscal quarter of 2010, and net loss for the third fiscal quarter of 2009 of ($2.8) million, or ($0.11) per basic and diluted share.

In addition to using GAAP results in evaluating PDF Solutions' business, PDF Solutions' management also believes it is useful to measure results using a non-GAAP measure of net income (loss), excluding stock-based compensation expenses, amortization of acquired technology and other acquired intangible assets, restructuring charges, and their related income tax effects, as applicable. Using this non-GAAP measure, the non-GAAP net income for the third fiscal quarter of 2010 totaled $1.9 million, or $0.07 per basic and diluted share, compared with non-GAAP net income of $2.2 million, or $0.08 per basic and diluted share, for the second fiscal quarter of 2010, and non-GAAP net income for the third fiscal quarter of 2009 of $442,000, or $0.02 per basic and diluted share.

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