PDF Solutions Inc (PDFS)

Pretax margin

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	4,869	5,800	6,966	4,178	470	-5,933	-10,034	-14,589	-18,267	-19,975	-21,738	-20,694	-18,060	-12,837	-10,371	-8,578	-7,360	-9,048	-10,467	-11,443
Revenue (ttm)	US$ in thousands	165,835	165,233	162,743	155,810	148,549	137,912	127,607	120,358	111,055	103,536	97,093	91,083	88,046	88,241	87,043	86,202	85,585	82,748	81,047	81,598
Pretax margin		2.94%	3.51%	4.28%	2.68%	0.32%	-4.30%	-7.86%	-12.12%	-16.45%	-19.29%	-22.39%	-22.72%	-20.51%	-14.55%	-11.91%	-9.95%	-8.60%	-10.93%	-12.91%	-14.02%

December 31, 2023 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $4,869K ÷ $165,835K
= 2.94%

The pretax margin for PDF Solutions Inc. has shown varying trends over the past eight quarters. In Q4 2023, the pretax margin was 2.94%, slightly lower than the previous quarter at 3.51%. The company experienced a significant improvement in Q2 2023, with a pretax margin of 4.28%, indicating better cost management and operational efficiency. However, Q1 2023 saw a decline to 2.68%.

Looking back at Q4 2022, PDF Solutions Inc. had a pretax margin of 0.32%, showing a notable increase from negative margins in the prior quarters. The company faced challenges in Q3 2022 with a pretax margin of -4.34%, which improved in Q2 2022 to -7.90%. The pretax margin was at its lowest in Q1 2022, standing at -12.16%.

Overall, the pretax margin of PDF Solutions Inc. has displayed volatility over the past two years, indicating fluctuations in profitability and operational efficiency. Investors and stakeholders should closely monitor future financial performance to assess the company's ability to sustain and improve its margins.