| SILVACO GROUP, INC. | |||||||||||||||
| CONDENSED CONSOLIDATED STATEMENTS OF (LOSS) INCOME | |||||||||||||||
| (Unaudited, in thousands except share and per share amounts) | |||||||||||||||
| Three months Ended September 30, | Nine months Ended September 30, | ||||||||||||||
| 2024 | 2023 | 2024 | 2023 | ||||||||||||
| Revenue: | |||||||||||||||
| Software license revenue | $ | 6,840 | $ | 11,083 | $ | 30,121 | $ | 30,593 | |||||||
| Maintenance and service | 4,132 | 3,861 | 11,700 | 11,167 | |||||||||||
| Total revenue | 10,972 | 14,944 | 41,821 | 41,760 | |||||||||||
| Cost of revenue | 2,786 | 2,274 | 9,620 | 6,672 | |||||||||||
| Gross profit | 8,186 | 12,670 | 32,201 | 35,088 | |||||||||||
| Operating expenses: | |||||||||||||||
| Research and development | 4,134 | 3,289 | 15,457 | 9,833 | |||||||||||
| Selling and marketing | 3,834 | 3,139 | 14,317 | 8,874 | |||||||||||
| General and administrative | 7,128 | 4,500 | 30,042 | 13,311 | |||||||||||
| Estimated litigation claim | 392 | - | 15,088 | - | |||||||||||
| Total operating expenses | 15,488 | 10,928 | 74,904 | 32,018 | |||||||||||
| Operating (loss) income | (7,302 | ) | 1,742 | (42,703 | ) | 3,070 | |||||||||
| Loss on debt extinguishment | - | - | (718 | ) | - | ||||||||||
| Interest income | 1,217 | 1 | 1,899 | 4 | |||||||||||
| Interest and other (expense) income, net | (278 | ) | 37 | (832 | ) | (535 | ) | ||||||||
| (Loss) income before income tax provision | (6,363 | ) | 1,780 | (42,354 | ) | 2,539 | |||||||||
| Income tax provision | 188 | 332 | 1,207 | 608 | |||||||||||
| Net (loss) income | $ | (6,551 | ) | $ | 1,448 | $ | (43,561 | ) | $ | 1,931 | |||||
| (Loss) earnings per share attributable to common stockholders: | |||||||||||||||
| Basic and diluted | $ | (0.23 | ) | $ | 0.07 | $ | (1.77 | ) | $ | 0.10 | |||||
| Weighted average shares used in computing per share amounts: | |||||||||||||||
| Basic and diluted | 29,048,080 | 20,000,000 | 24,633,030 | 20,000,000 | |||||||||||
