Sees Q4 bookings $15M-$19M. Sees Q4 gross margin 78%-82%. Chris Zegarelli, Silvaco’s (SVCO) Chief Financial Officer, added, “We have taken steps toward improving financial discipline with a cost reduction program implemented during the fourth quarter. We expect the program will lower operating expenses by at least $15 million on an annualized basis and will position the company for more nimble execution and sustained profitability going forward.”
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
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