Reports Q3 revenue $18.67M, consensus $15.95M. “I am pleased to report that Silvaco’s (SVCO) third quarter results set records for both revenue and bookings,” said Walden Rhines, Silvaco’s Chief Executive Officer. “However, high operating expenses resulted in the company posting an operating loss even at record revenue. Looking forward, we are prioritizing our core growth drivers and strengthening financial and operational discipline to position us for stronger results going forward.”
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SVCO:
- Silvaco reaches settlement on prior litigation with former Nangate shareholders
- SVCO Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Silvaco files $50M mixed securities shelf
- Vicor adopts Silvaco’s Victory TCAD 3D simulation solution
- Silvaco says Analog Power Conversion adopts suite of TCAD, EDA tools
