Silvaco Group Expects Q2 Revenue Of $14.3M-$15.0M Vs $13.82M Est, Gross Bookings Of $17.0M-$18.5M
Portfolio Pulse from Benzinga Newsdesk
Silvaco Group expects Q2 2024 revenue between $14.3M and $15.0M, a 14% to 20% increase from Q2 2023. Gross bookings are projected between $17.0M and $18.5M, an 18% to 29% increase. Non-GAAP gross margin is expected to be 85% to 87%, and non-GAAP operating income is forecasted to be $0.5M to $1.5M, a 62% to 185% increase from Q2 2023.
June 20, 2024 | 11:36 am
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POSITIVE IMPACT
Silvaco Group's Q2 2024 revenue and gross bookings projections indicate significant growth compared to Q2 2023. The expected increase in non-GAAP operating income and gross margin suggests improved profitability.
The projected revenue and gross bookings for Q2 2024 show a substantial year-over-year increase, indicating strong business performance. The expected rise in non-GAAP operating income and gross margin further suggests improved profitability, which is likely to positively impact SVCO's stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100