By Katherine Hamilton
Silvaco's shares advanced Tuesday after the semiconductor software provider said its revenue grew as much as 45% in the fourth quarter of 2024, based on preliminary estimates.
In morning trading, the shares were 7% higher at $8.04. The stock is down about 27% over the past three months.
Silvaco said it expects revenue of between $17.7 million and $18.1 million for the fourth quarter, a 41% to 45% year-over-year increase.
The company expects to swing to an operating profit in the fourth quarter of between $2.3 million and $3.1 million, or 14 cents to 18 cents a share. That company recorded a loss of $1.9 million, or 11 cents a share, in the same period of 2023.
Silvaco signed 13 new customers during the quarter and bookings are expected to be up 29% to 31%, it said.
Write to Katherine Hamilton at katherine.hamilton@wsj.com
(END) Dow Jones Newswires
January 14, 2025 11:06 ET (16:06 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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