PDF Solutions Inc. (PDFS): Looking into the Technical Picture

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Analytics firm PDF Solutions Inc. (NASDAQ: PDFS), which provides differentiated data and analytics solutions for the semiconductor and electronics industries, announced its second quarter of 2021 results. A positive semiconductor market boosted its financial performance.

In the last quarter of total revenue, PDF Solutions Inc. (PDFS) grew 28% year-over-year to $27.4 million. Sales intelligence increased 29% to $19.6 million. The backlog increased 118% to reach $138.6 million. The GAAP loss decreased to $4.5 million, or $0.12 per share. Inventories and cash equivalents reached $139.2 million. The GAAP gross margin remains high and improved to 61% from 56% in the second quarter of 2020.

PDF Solutions Inc. (PDFS) aims to become the central platform for analyzing manufacturing data in the semiconductor and electronics industries. The modernization of the industry is the driving force behind the growth of PDF Solutions. In the last quarter, the company’s backlog doubled and the demand for a cloud-based analytics service is increasing, which in the process of testing new products allows us to assess its effectiveness and changes needed.

PDF Solutions Inc. (PDFS) was able to sign several important contracts and achieved record license revenues. SaaS subscriptions have also increased, and many companies have created new control schemes for semiconductor testing and manufacturing. Against this backdrop, PDF Solutions expects continued growth in sales and profits in the second half of 2021.

On August 11, PDFS stock traded at $21.49. In the last year, PDFS shares have lost -3.46 percent, but they have gained 12.99 percent in the last week. The stock has risen 28.22% over the last three months but has lost 1.37 percent over the last six months. Furthermore, the company’s current market capitalization is $799.00 million, with 36.97 million outstanding shares.

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