secwatch.observer — SEC 8-K summary
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Issuer:     Silvaco Group, Inc. (SVCO)
CIK:        0001943289
Form:       8-K
Filed at:   2024-10-15T23:59:59+00:00
Accession:  0001628280-24-042836
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Silvaco reports preliminary Q3 revenue ~$11M, lowers FY2024 guidance on Asia weakness
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- Q3 prelim unaudited revenue ~$11.0M; a ~$5.0M order slipped into Q4 first week.
- FY2024 revenue guidance lowered to $60-63M from $63-66M; gross bookings cut to $64-67M.
- Non-GAAP operating income guidance reduced to $5-8M from $8-11M; non-GAAP gross margin 85-87%.
- Weakness driven by Asia order decline from economic challenges and U.S.-China trade tensions.
- Full Q3 earnings report and conference call scheduled for November 12, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1943289/000162828024042836/0001628280-24-042836-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1943289/000162828024042836/svco-20241015.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-042836

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer