Silvaco Group Inc (NAS:SVCO)

Q3 2024 Silvaco Group Inc Earnings Call Transcript

Nov 12, 2024 / 10:00 PM GMT

Release Date Price: $6.93 (-1.84%)

Transcript 10-Q8-K

Key Points

Positve

Silvaco Group Inc (SVCO) achieved a significant $5 million order in Q3, which, although recognized in Q4, highlights the expansion of their FTCO platform.
The company signed 14 new customers in Q3, indicating strong customer traction and expansion in key markets such as power, memory, foundry, and display.
Silvaco Group Inc (SVCO) maintained a healthy non-GAAP gross margin of 80% in Q3, despite a decline in expected revenue.
The company was added to the Russell 2000, Russell 3000, and Russell Microcap indices, increasing its visibility and potential to broaden its shareholder base.
Silvaco Group Inc (SVCO) achieved ISO 9001 certification for its TCAD, EDA, and IP products, demonstrating a commitment to quality and operational excellence.

Negative

Q3 revenue was impacted by delayed orders, including a substantial $5 million order, resulting in a 27% year-over-year decline in total revenue.
The company experienced a 21% year-over-year decrease in gross bookings for its software and semiconductor IP products.
There were delays in certain orders, particularly from China, which remains a modest portion of overall revenue but still affects the company's financial performance.
Non-GAAP operating loss was $2.6 million in Q3, compared to a non-GAAP operating income of $2.7 million in the same period last year.
Silvaco Group Inc (SVCO) faced increased operating expenses due to costs associated with becoming a public company and expanding engineering and sales teams.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

SVCO.OQ - Silvaco Group Inc
Q3 2024 Silvaco Group Inc Earnings Call
Nov 12, 2024 / 10:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good afternoon and welcome to Sva's third quarter, 2024 conference call. All participants will be in a listen-only mode. After the speaker's presentation, there will be a question and answer session to ask a question. Please press star 11 on your telephone and wait for your name to be announced to withdraw your question. Please press star 11 again. Please note this event is being recorded. I would now like to turn the conference over to Greg mcniff Investor Relations for Vaco. Please go ahead.

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Unidentified_2 [2]
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