 Business Highlights Total revenues of 21.4 million, up 4 over last years comparable quarter Analytics revenue of 15.2 million, up 27 over last years comparable quarter Analytics accounted for 71 of second quarter revenues GAAP Gross Margin of 58 for the second quarter of 2020 Non-GAAP Gross Margin of 63 for the second quarter of 2020 Operating activities generated 5.2 million in cash during the second quarter of 2020 Cash and cash equivalents of 103.4 million at the end of second quarter of 2020SANTA CLARA, Calif., Aug. 06, 2020 GLOBE NEWSWIRE -- PDF Solutions, Inc. PDF Solutions or the Company NASDAQ: PDFS, a leading provider of differentiated data and analytics solutions to the semiconductor and electronics industries, today announced financial results for its second quarter ended June 30, 2020.Highlights of Second Quarter 2020 Financial ResultsTotal revenues for the second quarter of 2020 were 21.4 million, compared to 21.2 million for the first quarter of 2020 and 20.6 million for the second quarter of 2019. Analytics revenue for the second quarter of 2020 was 15.2 million, compared to 13.2 million for the first quarter of 2020 and 12.0 million for the second quarter of 2019. Integrated Yield Ramp revenue for the second quarter of 2020 was 6.2 million, compared to 7.9 million for the first quarter of 2020 and 8.6 million for the second quarter of 2019.GAAP gross margin for the second quarter of 2020 was 58, compared to 60 for the first quarter of 2020 and 62 for the second quarter of 2019.Non-GAAP gross margin for the second quarter of 2020 was 63, compared to 65 for the first quarter of 2020 and 67 for the second quarter of 2019.On a GAAP basis, net loss for the second quarter of 2020 was 3.7 million, or 0.11 per basic and diluted share, compared to a net loss of 0.5 million, or 0.02 per basic and diluted share, for the first quarter of 2020, and compared to a net loss of 0.7 million, or 0.02 per basic and diluted share, for the second quarter of 2019.Non-GAAP net income for the second quarter of 2020 was 0.5 million, or 0.01 per diluted share, compared to a net loss of 0.1 million, or 0.00 per diluted share, for the first quarter of 2020, and compared to net income of 1.0 million, or 0.03 per diluted share, for the second quarter of 2019.Cash and cash equivalents at June 30, 2020, were 103.4 million, compared to 97.6 million at December 31, 2019, an increase of 5.8 million. Operating activities generated 5.2 million in cash during the second quarter of 2020.Conference CallAs previously announced, PDF Solutions will discuss these results on a live conference call beginning at 2:00 p.m. Pacific Time 5:00 p.m. Eastern Time today. The call will be simultaneously webcast on PDF Solutions website at A replay of the webcast will be available at the same website address beginning approximately two hours after completion of the live call. A copy of this press release, including the disclosure and reconciliation of certain non-GAAP financial measures to the comparable GAAP measures, which non-GAAP measures may be used periodically by PDF Solutions management when discussing financial results with investors and analysts, will also be available on PDF Solutions website at following the date of this release.Second Quarter 2020 Financial Commentary Available OnlineA Management Report reviewing the Companys second quarter of 2020 financial results will be furnished to the SEC on Form 8-K and published on the Companys website at Analysts and investors are encouraged to review this commentary prior to participating in the conference call. Information Regarding Use of Non-GAAP Financial Measures In addition to providing results that are determined in accordance with Generally Accepted Accounting Principles in the United States of America GAAP, PDF Solutions also provides certain non-GAAP financial measures. Non-GAAP net income loss excludes the effects of non-recurring items including restructuring charges and severance payments, and expenses related to an arbitration proceeding for a disputed contract with a customer, write-down in value of property and equipment, stock-based compensation expense, amortization of acquired technology and other acquired intangible assets, and their related income tax effects, as applicable, as well as adjustments for the non-cash portion of income taxes and tax impact of the CARES Act. These non-GAAP financial measures are used by management internally to measure the Companys profitability and performance. PDF Solutions management believes that these non-GAAP measures provide useful supplemental information to investors regarding the Companys ongoing operations in light of the fact that none of these categories of expense has a current effect on the future uses of cash with the exception of certain non-recurring items nor do they impact the generation of current or future revenues. These non-GAAP results should not be considered an alternative to, or a substitute for, GAAP financial information, and may differ from similarly titled non-GAAP measures used by other companies. In particular, these non-GAAP financial measures are not a substitute for GAAP measures of income or loss as a measure of performance, or to cash flows from operating, investing and financing activities as a measure of liquidity. Since management uses these non-GAAP financial measures internally to measure profitability and performance, PDF Solutions has included these non-GAAP measures to give investors an opportunity to see the Companys financial results as viewed by management. A reconciliation of the comparable GAAP financial measures to the non-GAAP financial measures is provided at the end of the Companys financial statements presented below. Forward-Looking Statements The statements planned to be made on the planned conference call regarding the Companys future expected business performance and financial results and the Companys recent strategic agreement with Advantest are forward looking and are subject to future events and circumstances. Actual results could differ materially from those expressed in these forward-looking statements. Risks and uncertainties that could cause results to differ materially include risks associated with: customers production volumes under contracts that provide Gainshare royalties, cost and schedule of new product development; continued adoption of the Companys solutions by new and existing customers; project milestones or delays and performance criteria achieved; the provision of technology and services prior to the execution of a final contract, the potential impact of the coronavirus COVID-19 on the semiconductor industry and on the Companys operations or demand for the Companys products; the Companys strategic partnerships; and other risks set forth in PDF Solutions periodic public filings with the Securities and Exchange Commission, including, without limitation, its Annual Reports on Form 10-K, most recently filed for the year ended December 31, 2019, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K and amendments to such reports. The forward-looking statements made in the conference call are made as of the date hereof, and PDF Solutions does not assume any obligation to update such statements nor the reasons why actual results could differ materially from those projected in such statements.About PDF Solutions PDF Solutions NASDAQ: PDFS offers an end-to-end analytics platform that empowers engineers and data scientists across the semiconductor ecosystem to rapidly improve the yield, quality, and profitability of their products. By combining industry-leading data analytics and professional services with exclusive, differentiated product data generated during the manufacturing process, PDF Solutions is delivering on the promise of Industry 4.0 today by transforming how the ecosystem collects, analyzes, and shares data. Key Fortune 500 organizations around the world rely on PDF Solutions to remove the data barriers that encumber and constrain new product introductions and to deliver the machine learning insights that drive efficient and profitable high-volume manufacturing.Headquartered in Santa Clara, California, PDF Solutions also operates worldwide in Canada, China, France, Germany, Italy, Japan, Korea, and Taiwan. For the Companys latest news and information, visit Vehicle, Design-for-Inspection, DFI, Exensio, PDF Solutions, and the PDF Solutions logo are trademarks or registered trademarks of PDF Solutions, Inc. or its subsidiaries. PDF SOLUTIONS, INC. 