Silvaco Q1 rev $15.9M (+11% YoY), net income $1.4M; raises FY2024 outlook

Silvaco Group, Inc.

GAAP revenue $15.9M (+11% YoY); GAAP net income $1.4M ($0.07 diluted EPS).
Non-GAAP net income $2.4M, diluted EPS $0.12; gross margin 88% (GAAP & non-GAAP).
TCAD rev $10.6M (+21% YoY); EDA $4.7M (+13%); SIP $0.6M (-57%) due to NXP lapse.
Q2 2024 rev guidance $14.3M-$15.0M (+14-20% YoY); FY2024 rev $63-66M (+16-22%).
IPO in May raised ~$106M net; unaudited cash $104.2M as of May 31, 2024.

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