Financial Overview and Growth Strategy

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PDF Solutions

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PDF Solutions

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2021

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#1A 00000 X1011000010001101110000100 TM 11899010010101211212227 PDF/SOLUTIONS 100 0000100010000000110110111110110 10100001018-000 2100 206 0110100101100000010101111100011111001 0001110100000100001010001100101100111100 11101001011100011001101101001100000108 10111110010111110101111110001112110 0001100001111001100001 1001010110111001000000001000 0710000101001110010 10011 Investor Presentation 11110200010 N21112 John Kibarian, President & CEO, Co-Founder 0001 May 2022 Kimon Michaels, Executive VP, Products and Solutions, Co-Founder Adnan Raza, Executive VP, Finance & CFO 10100 01010 10010#2Certain statements in this presentation, and statements that may be made when discussing it, regarding the Company's future expected business performance and financial results 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 Company's 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 continuing impact of the coronavirus (COVID-19) on the semiconductor industry and on the Company's operations or demand for the Company's products; the time required of the Company's executive management for, and the expenses related to, as well as the success of the Company's strategic growth opportunities and partnerships, including its partnership with Advantest Corporation; our ability to successfully integrate the acquired businesses and technologies; 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, 2021, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K and amendments to such reports. The forward-looking statements made herein or about this presentation 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. INL © 2022 PDF Solutions, Inc. All rights reserved.#3PDF Solutions Overview ■ PDF provides advanced data analytics, machine learning, and equipment connectivity products, services, and systems for the semiconductor supply chain ■ PDF products improve process efficiency and product reliability: - - - Analytics software and services for the end-to-end needs of the semiconductor value chain Connectivity and control software and services for factory equipment Differentiated data from manufacturing, test, and in-field use based on IP integrated into semiconductor devices 99 IC Design Fab Sort Assembly Test System PDF/SOLUTIONS™ © 2022 PDF Solutions, All Rights Reserved 3#4Building a Platform for Success GROWTH PROFITABILITY • 62% CAGR of analytics revenue from CY 2020 to TTM Q1'22 Analytics at 87% of total revenue in TTM Q1'22 vs. 65% in CY 2020 • GAAP gross margin of 66% for Q1'22 • Non-GAAP gross margin of 69% for Q1'22 • 70%+ non-GAAP gross margins target model • Greater than 100% ExensioⓇ customers dollar-retention rate* VISIBILITY • Strong ending backlog of $196.8M, a 72% increase from a year ago • No country outside the United States accounts for more than 14% of revenue in TTM Q1'22 DIVERSIFICATION All three regions of North America, APAC and EMEA grew by double-digit percentage on a Q/Q basis • STRENGTH PARTNERSHIPS • $134M in cash and short term investment as of Q1'22, with no debt Opportunistic share buybacks; $22.5 million in 2022YTD Established deep relationship and collaboration with Advantest Growing collaborations with other industry-leaders, including IBM, Siemens, and Kulicke & Soffa *TTM Q1 2022 vs CY 2020 PDF/SOLUTIONS™ © 2022 PDF Solutions, All Rights Reserved#5The Leading Data Analytics Platform Data Access & Integration Across the Value Chain ExensioⓇ Analytics Platform CimetrixⓇ Connectivity Platform יועריען Leading Analytics Unique View to Data Sources in the Value Chain DFITM & CV Systems Proprietary Data Sources Differentiated Data PDF/SOLUTIONS™ 333 Bridging the Supply Chain ANALOG DEVICES GLOBALFOUNDRIES AMD Infineon Micron • NVIDIA Qualcomm BROADCOM WD Western Digital SAMSUNG Strong Business Model $ Analytics 87% of revenue for last 12 months, driving high revenue visibility Strong cloud software momentum tsmc ON Semiconductor SMIC SK hynix STI is TEXAS INSTRUMENTS • >100% Exensio customers dollar-retention rate e.augmented Enabling Smart Manufacturing Mix Shift to Analytics Representative industry participants; not indicative of actual customers. Logos are the property of the respective trademark owners. PDF/SOLUTIONS™ © 2022 PDF Solutions, All Rights Reserved 5#6PDF Business Models PDF has two business models to capture the value of our solutions, which combines advanced analytics and differentiated data - Subscription Model: when value is data and analytics Analytics is primarily subscription-based and is the growth driver for PDF Subscription model enables PDF to be compensated on continuous usage PDF/SOLUTIONS™ - Gainshare Model: when value is time to volume Integrated Yield Ramp revenue is the variable-fee royalty model that enables PDF to be compensated based on measurable value delivered In competitive foundry market, time to mass production is critical © 2022 PDF Solutions, All Rights Reserved 6#7Benefiting From Strong Market Tailwinds Value in Semiconductor Supply Chain Shifting to Mass Production: - Increased value in mass production continuous improvement vs. simply time to market Financial risk shifting away from foundry to fabless & system companies Moore's Law is Slowing Down Foundries consolidating due to process complexity Foundries on Leading Edge % of foundry market in finFET nodes expected to grow Foundry Market By Node Physical gate length (nanometers) 5 25 2013 Report 20 2015 Report 2013 2015 2017 2019 2021 2023 2024 2025 Year 2027 2028 2030 25 20 Moore's law is slowing... 15 arm 0 5 10 130 100 BILLION USD 65 45/40 32/28 22/20 ...... 75 75 50 16/14 10 1 node 25 25 -≥0.25μm 0.8/0.15μm 0.13μm 65nm -40/45nm 28nm 20nm 16/14nm 0 s10/7nm 2015 NEWER TECHNOLOGY OLDER 2020* 2025 Copyright Stratfor 2019 An increasing number of stakeholders, Hyperscalers, OEMs, Governments, are all realizing the importance of the semiconductors supply chain PDF/SOLUTIONS™ © 2022 PDF Solutions, All Rights Reserved 7#8Data and Analytics Growing in Importance Data & Analytics in Semis & Electronics ($B) $18 $32 2020 2027 Data & Analytics in Semiconductor & Electronics manufacturing is expected to grow significantly 50% 83% Only half of companies today place a high importance on data analytics, but 83% expect that it will be a core competence in five years PDF/SOLUTIONS™ Speed Low High Global Low High Sophistication 15 " 12 Technology 24 Low 00 High Sophistication Companies moving to faster decision speed with greater sophistication, especially in tech. sector 33% 72% % of companies with "highly digitized functional groups" expected to double over next 5 years Source: PwC Industry 4.0 Building your digital enterprise, Allied Market Research. © 2022 PDF Solutions, All Rights Reserved 8#9PDF has a Unique View & Comprehensive Access to Data Across the Supply Chain Coverage by PDF/SOLUTIONS Wafer-level grading and disposition ✓ Test reduction and adaptation Design Semis manufacturing Parametric test Wafer sort Assembly Final System-level test test ✓ Die quality and RMA prediction ✓ Virtual metrology ✓ Yield prediction ✓ Predictive maintenance Simulation data Materials data Process data Metrology data E-test data Wafer test data Traceability data FDC data Reliability Performance data data PDF/SOLUTIONS™ © 2022 PDF Solutions, All Rights Reserved ✓ Fault detection and classification ✓ Capacity and efficiency improvement Connectivity to equipment for control and data exchange 6#10PDF Spans and Bridges the Supply Chain Stack to Enable Smart Manufacturing SYSTEM EMS SONY SAMSUNG CELESTICA JABIL SEMI AMD BROADCOM™ ST (Fabless, Fab-lite) RENESAS FACTORY (Foundry, OSAT) ENABLEMENT (Equipment, EDA, IP) Ccimetrix MEDIATEK ANALOG DEVICES FUJITSU Qualcomm UMC ASE GROUP GJCET FOXCONNⓇ HISILICON NVIDIA® NX- ON Semiconductor® ON Y SMIC GLOBALFOUNDRIES arm cadence axcelis synopsys ✓ Veeco ADVANTEST. Lam ASMASML CORNING RESEARCH Besi Nikon by PDF/SOLUTIONS™ Cimetrix platform provides high- performance data pipelines between equipment, factories and application environments (AI/ML/Analytics) exensio Exensio platform provides the data collection, connections and analytics for feedback and insight down the stack PDF/SOLUTIONS™ The only commercial data and analytics-focused provider with breadth and scale required by our customers Analytics and data implemented broadly across the supply chain Most of the top 50 equipment suppliers in the world use Cimetrix software ✓ Unique view and comprehensive access to data sources in the manufacturing and testing supply chain Continue to increase our established relationships with critical industry members. Representative industry participants; not indicative of actual customers. Logos are the property of the respective trademark owners. PDF/SOLUTIONS™ © 2022 PDF Solutions, All Rights Reserved 10#11Customer Base Spans Equipment, Fabless, Fab, OSAT and System m >125K equipment to factory connections Ccimetrix by PDF/SOLUTIONS Ax >40K process tools under PDF process control across the ecosystem >325 revenue generating customers in 37 countries through TTM Q1'22 اشا #1 commercial solution for mfg yield and control with large cloud customer base Fastest growing commercial provider in manufacturing test operations leveraging DEX network -88 Leading solution for die traceability through the supply chain ST TEXAS INSTRUMENTS HLMC FUJITSU TOSHIBA asmc *ublox Synaptics UMC SONY Dongbu HiTek NANYA Winbond SEAGATE Electronics Corp SEMTECH MICROCHIP QUALCOMM GLOBALFOUNDRIES MARVELL ANALOG DEVICES ON CIRRUS LOGIC" amu MAXLINEAR PHILIPS LUMILEDS Companies who attended the 2019 PDF Solutions Users Conference; Logos are the property of the respective trademark owners. PDF/SOLUTIONS™ © 2022 PDF Solutions, All Rights Reserved BROADCOM SMIC TOWERjaz NXP BPIL KEYSIGHT Powerchip TECHNOLOGIES 11#12Available Market Size Millions $ 1,800 1,600 1,400 1,200 1,000 800 600 400 200 0 2016 2016 IYR ■DFI I Analytics w/o DFI Today Analytics growth Expansion across supply chain ML & advanced solutions DFI key use case • Quality & reliability Today, PDF provides the only commercial, supply-chain- wide analytics products, services, and systems Growth in analytics market being driven from - - Move to cloud and increased data volumes Additional opportunities in fabless, OSAT, system analytics Increased adoption of connectivity products in factory equipment DFITM market growth driven by Need for electrical data for quality and reliability Observability limits of conventional inspection • Median of range presented • • Source: PDF Solutions estimates PDF/SOLUTIONS™ © 2022 PDF Solutions, All Rights Reserved 12#13PDF Solutions and Advantest Partnership - July 2020 Overview of PDF Solutions Strategic Rationale of Partnership IC Design Fab Sort Assembly Test System Mfg Analytics Test Operations Assembly Operations ■The only end-to-end data and analytics solutions provider for the semiconductor and electronics manufacturing supply chains PDF's Exensio Analytics Platform provides a semantic data model to integrate and align data from across the semiconductor product lifecycle Best-in-Class Big Data Analytics Platform supporting over 50 data formats PDF Solutions products and solutions help break down data silos, unleashing innovation and solving big data challenges. Overview of Partnership Development of a software platform based on Exensio ("Advantest Cloud powered by PDF Exensio") for Advantest's internal & customers use Joint development and sale of technology solutions based on Advantest testing platforms and PDF's Exensio analytics software A 5-year subscription for the PDF Exensio cloud platform and DEX network, expected to result in >$50 million revenue Aligned long-term interests through purchase of 3,306,924 PDF common shares for $65.2 million PDF remains independent and will continue to work with all equipment providers in both the front-end and back-end PDF/SOLUTIONS™ ■ Expands and deepens tools supported by Exensio, already at >300 tool types from >125 equipment companies and >40k connected tools worldwide Increases number of fabs/OSATs using PDF to communicate product data Advantest is the established leader in test systems global ecosystem, with greater than 50% market share ■ Partnering with Advantest allows PDF to further solidify our industry-leading footprint in the manufacturing & test equipment data collection ecosystem Benefits for PDF Solutions Validates PDF strategy of making Exensio an open and independent analytics platform for partners to use as a base for their own solutions Creates additional opportunities for PDF at fabless and system companies from accelerated adoption of Exensio solution for test, as well as revenue from the Advantest solutions that leverage Exensio ■ Accelerates adoption of DEX nodes connecting customers, manufacturers and suppliers ■ Accretive deal for PDF stockholders, including share issuance $65.2 million of additional cash provides a platform to accelerate PDF's growth and investments going forward © 2022 PDF Solutions, All Rights Reserved 13#14PDF Offers Connectivity and Control for Manufacturing Equipment Since Dec 2020 Data Sources Ccimetrix Ⓡ by PDF/SOLUTIONS TM IIIIII IC Design Fab Sort Assembly Ccimetrix 阻 くくくく 00 Test System Data Connectivity Platform (SECS/GEM, GEM300, EDA/Interface A) exensio Analytics Platform semi iNEMI. TPCA AA 電路板協會 Taiwan Printed Circuit Association CIPC international Electonics Manufacturing initiative OPC® FOUNDATION DMDII DIGITAL MANUFACTURING AND DESIGN INNOVATION INSTITUTE PDF is the only provider of analytics, differentiated data and connectivity PDF's mission is to lead the trend toward Smart Manufacturing & Industry 4.0 Enable customers to extract - more intelligence – not just data from their factory floor Extends the reach of our "whole supply chain" strategy to include packaging, test and assembly at OSATS and PCBA Representative industry participants; not indicative of actual customers. Logos are the property of the respective trademark owners. PDF/SOLUTIONS™ © 2022 PDF Solutions, All Rights Reserved 14#15Acquisitions and Product Releases Expanded Scope Gainshare Model "Selling Time to Volume" 2003 IDS Software Acquisition Yield analysis 2007 Fabbrix Acquisition o Si IP for DFM 2008 Triant Acquisition o FDC Production deployment out of Cassandra-based FDC for YieldAware FDC 2015 Salland Acquisition • Test, package, assembly mgmt Syntricity Acquisition • Hosted yield analysis & product characterization Established Exensio Test offering Subscription Model "Selling Actionable Data" 2018 CV Core o Proof of concept Completed major data type migration to Cassandra enabling ~20X speedup 2021 Conversion of Quick Start contract to a large booking for Leading Edge and Exensio Siemens collaborates with PDF Solutions to boost IC yield and speed time to market 2022 April Kulicke & Soffa and PDF Solutions Announce Collaboration 2022 Q1 GigaDevice Selects PDF Solutions to Support Rapid Semiconductor Growth o DB 2000 AISS Acquisition • Layout analysis PDF/SOLUTIONS™ 2006 Si Automation Acquisition ○ FDC Establish Office in Shanghai • Converting field to address analytics growth 2010 Extension of YieldAware FDC to include consumable analysis 2016 Integration of Exensio reporting with Syntricity dataConductor and rebranding as Exensio Hosted 2017 Kinesys Acquisition ○ Assembly & packaging traceability © 2022 PDF Solutions, All Rights Reserved 2019 StreamMosaic Acquisition • Al & ML for semi industry First Big Data Customers on cloud First POC processing integration of StreamMosaic technologies with Exensio in Asia 2020 First 8-figure size deal of conversion to cloud Bookings of >3x YoY and QoQ Strong demand in HPC market Analytics >70% of total revenue Partnership with Advantest >50% world's tester market Cimetrix Acquisition • Leader in semiconductor equipment connectivity software • Enabling smart manufacturing and smart factory 15#16Revenue Transition to Analytics GROWTH Integrated Yield Ramp 35% CY 2020 Integrated Yield Ramp 16% CY 2021 65% 84% Integrated Yield Ramp 13% TTM Q1'22 87% 9-6-0 Analytics Analytics Analytics PDF/SOLUTIONS™ © 2022 PDF Solutions, All Rights Reserved 16#17$ Millions Analytics Revenue $57.2 CY 2020 PDF/SOLUTIONS™ CAGR 62% $93.4 $104.5 GROWTH CAGR of 62% from 2020 to TTM Q1'22 ■ Average Analytics revenue per customer, excluding Cimetrix, $697K in TTM Q1'22, a 54% increase from $454K in 2020 CY 2021 TTM Q1'22 © 2022 PDF Solutions, All Rights Reserved 17#18Gross Margins 58% CY 2020 PDF/SOLUTIONS™ 63% 64% 63% 60% CY 2021 GAAP Non GAAP PROFITABILITY 66% Progressing towards our long. term target Non-GAAP gross margin of 70%+ Analytics customers transitioning to subscription and cloud over time First monetization of technology was IYR engagements with associated royalties Second wave of monetization consists of growing the Analytics business TTM Q1'22 © 2022 PDF Solutions, All Rights Reserved 18#19Global Geographic Revenue Distribution PDF/SOLUTIONS™ 15% 50% TTM Q1 2022 DIVERSIFICATION NORTH AMERICA Globally diverse geographic distribution No country outside the United States accounts for more than 14% North America largest market at 50% of revenues 35% APAC EMEA © 2022 PDF Solutions, All Rights Reserved 19#20Balance Sheet Strength End of End of Q1 ($ Millions) 2020 2021 2022 Cash and ST invt $145.3 $140.2 $134.2 Debt $0 $0 $0 PDF/SOLUTIONS™ © 2022 PDF Solutions, All Rights Reserved STRENGTH Existing balance sheet strength provides foundation for investment in growth of analytics business both organically and inorganically Shares buyback $5.8M in Q1'22 ■ Shares buyback $16.7M subsequent to quarter end, for a total of $22.5M YTD Investments made in R&D, PP&E, M&A, S&M and share buyback 20#21Disciplined Capital Allocation Invest in Organic Growth Invest in M&A to Enhance Growth INVESTMENT Return Capital to Shareholders through Stock Buyback Capex investments include DFI, CVI, IP, DEX network, and infrastructure Cash balance has increased while we: Invest in Capex Capex Share Repurchase M&A $70 $60 $54.3 $ Million $50 $40 $31.2 $30 $20 $10.3 $10 $12.8 $0 2020 thru Q1'22 PDF/SOLUTIONS™ © 2022 PDF Solutions, All Rights Reserved - Received strategic investment - Make acquisitions - Purchase T-bills - Return capital to stockholders through stock buyback 21#22Target Financial Model PDF/SOLUTIONS™ Target Annual Analytics Revenue Growth 20% Non-GAAP Gross Margins Non-GAAP Operating Margin © 2022 PDF Solutions, All Rights Reserved >70% 20% VALUE 22#23Investment Results in Strong Patent Position ■ Our investments in analytics & differentiated data result in a strong and growing patent position ■ Patents based on 30 years of know-how in semiconductor development and mass production Key patents in areas of: - Design for inspection and CV structures for advanced nodes - Electrical characterization AI/ML technology w Fate and St Fr 192 Issued Patents 271 PDF/SOLUTIONS™ © 2022 PDF Solutions, All Rights Reserved Pending Patents ملا سالم 23#24Summary Rapid Growth Disciplined Capital Allocation Platform to Drive Shareholder Value Strong Balance Sheet Enhanced Diversification PDF/SOLUTIONS™ © 2022 PDF Solutions, All Rights Reserved Improved Profitability Increased Visibility 24#25A 40011010100001018-20 0100111000010001000000011011011 X10110000100011011100001 00000001000/18000120101702 01101001011000000101011111000111110010110 10111110010111110101100110110 900111010000010000 111010010111000110011011 2.3.1.20 Thank You 11001 101.1000 100000001981 TOT PDF/SOLUTIONS 10010100101001111100010 100010001110 1 110001 011111010 Legal WALLDEL 10100010101H 1010 pdf-solution0011100140614 f TM pdfsolutionsinc pdfs.inc pdf solutions pdfs_cn COUT 1000110000111100110000 11001010110111001000000001000 09:20834100001010011100102 XX0010000100001 עייש#26E 000 000 DCE 99009 000000 00000 σι 000 000 000 00 00 00 0 0 سر 00000 P.8.8. C 40 7040 99990 Lett 0 Financials - Appendix#27Non-GAAP Presentation In addition to providing results that are determined in accordance with Generally Accepted Accounting Principles in the United States of America (GAAP), the Company also provides certain non-GAAP financial measures. Non- GAAP net income (loss) excludes the effects of non-recurring items (including adjustment to contingent consideration related to acquisition, restructuring charges and severance payments, and expenses related to an arbitration proceeding for a disputed contract with a customer), 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 Company's profitability and performance. PDF Solutions' management believes that these non-GAAP measures provide useful supplemental measures to investors regarding the Company's 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 be different 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. Management uses these non-GAAP financial measures internally to measure profitability and performance; these non-GAAP measures are presented here to give investors an opportunity to see the Company's financial results as viewed by management. A detailed reconciliation of the adjustments made to comparable GAAP measures is included herein. PDF/SOLUTIONS™ © 2022 PDF Solutions, All Rights Reserved 27#28GAAP to Non-GAAP Income Reconciliation * in thousands (except share amounts, percent of revenue, and EPS) 2020 2021 Q1'22 GAAP net income (loss) Adjustments to reconcile GAAP net income (loss) to non-GAAP net income (loss): Stock-based compensation expense Amortization of acquired technology Amortization of other acquired intangible assets Restructuring charges and severance payments Write-down in value of property and equipment Acquisition costs & adjustment to contingent consideration related to acquisition Legal arbitration/litigation Tax Impact of Adjustments * Non-GAAP net income (loss) GAAP net income (loss) per diluted share Non-GAAP net income (loss) per diluted share $ (40,363) $ (21,488) $ (4,150) 12,463 705 12,931 5,553 2,079 553 741 1,255 314 490 3,183 752 1,098 1,951 451 23,309 3,091 937 $ (805) $ 3,002 $ 3,658 (1.17) (0.02) (0.58) (0.11) 0.08 0.09 Shares used in diluted shares calculation (in millions) 34.4 37.9 38.6 Represents the expenses related to an arbitration proceeding over a disputed contract with a customer, which expenses are expected to continue until the arbitration is resolved. © 2022 PDF Solutions, All Rights Reserved PDF/SOLUTIONS™ 28#29GAAP to Non-GAAP Gross Margin Reconciliation in thousands GAAP Gross Margin GAAP Gross Margin % Adjustments to reconcile GAAP gross margin (loss) to non-GAAP gross margin: Stock-based compensation expense Amortization of acquired technology Non-GAAP gross margin Non-GAAP gross margin % PDF/SOLUTIONS™ © 2022 PDF Solutions, All Rights Reserved 2020 2021 Q1'22 $ 51,281 $ 58% 66,867 $ 21,968 60% 66% 3,454 2,563 728 $ 705 55,440 $ 2,079 553 71,509 $ 23,250 63% 64% 69% 29#30Balance Sheet ($'000) ASSETS Actual Actual Actual 2020 2021 Q1'22 Current assets: Cash and short-term investments Accounts receivable, net 145,296 34,140 140,226 134,242 40,087 37,753 Accounts receivable, net 26,964 Unbilled accounts receivable 7,176 Prepaids and other current assets 13,944 8,194 Total current assets 193,380 188,507 8,857 180,852 Property, plant and equipment, net 39,242 35,295 36,844 Operating lease right-of-use assets 6,672 5,408 4,479 Other assets 48,286 44,558 43,402 TOTAL ASSETS 287,580 273,768 265,577 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable 4,399 5,554 4,053 Accrued liabilities 14,648 12,823 13,178 Operating lease liabilities - current portion 1,926 1,758 1,225 Deferred revenue and billing in excess of revenue 21,232 23,691 24,113 Total current liabilities 42,205 43,826 42,569 Non-current operating lease liabilities 6,516 5,258 4,741 Tax and other long-term liabilities 4,353 5,099 4,700 Total liabilities 53,074 54,183 52,010 Total stockholders' equity 234,506 219,585 213,567 TOTAL LIABILITIES & EQUITY 287,580 273,768 265,577 PDF/SOLUTIONS™ © 2022 PDF Solutions, All Rights Reserved 30#31A 4001101010000018 01001110000100010000000110110 X10110000100011011100001 000000010001109021001011021020 0110100101100000010101111100011111001 101111100101111111 000111010000 11101001011100 Baloh 1000110000111100110000 1001010110111001000000001000 19686821 +00001010011100D PDF SOLUTIONS__ 1801000000010001107 (001100 00000011001191 10010100101001111100001010 1 101001001111011111010111 VIDAL 01040014110101 10010111110100010101H עישש XX0010000100001

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