Thu, Jun 20, 11:55 AM (123 days ago)
Silvaco Group, Inc. reported an 11% increase in Q1 2024 revenue, reaching $15.9 million, primarily driven by a 15% rise in software license revenue. Gross profit rose by 13%, with margins improving to 88%. Operating expenses grew by 7%, mainly due to higher selling and marketing costs. Operating income surged by 56% to $2.4 million, while net income increased by 69% to $1.4 million. Cash flow from operations turned negative at $2.6 million, largely due to working capital changes. The company completed an IPO in May 2024, raising $114 million, and repaid existing debt. Future growth hinges on expanding international sales, managing economic and geopolitical risks, and ongoing R&D investments.