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Stock impact report

Silvaco Group Inc (SVCO) Q3 2024 Earnings Call Highlights: Strategic Growth Amid Revenue Challenges [Yahoo! Finance]

Silvaco Group, Inc. (SVCO) 
Company Research Source: Yahoo! Finance
Silvaco Group Inc ( NASDAQ:SVCO ) achieved a significant $5 million order in Q3, which, although recognized in Q4, highlights the expansion of their FTCO platform. The company signed 14 new customers in Q3, indicating strong customer traction and expansion in key markets such as power, memory, foundry, and display. Silvaco Group Inc ( NASDAQ:SVCO ) maintained a healthy non-GAAP gross margin of 80% in Q3, despite a decline in expected revenue. The company was added to the Russell 2000, Russell 3000, and Russell Microcap indices, increasing its visibility and potential to broaden its shareholder base. Silvaco Group Inc ( NASDAQ:SVCO ) achieved ISO 9001 certification for its TCAD, EDA, and IP products, demonstrating a commitment to quality and operational excellence. Q3 revenue was impacted by delayed orders, including a substantial $5 million order, resulting in a 27% year-over-year decline in total revenue. The company experienced a 21% year-over-year decrease in gross boo Show less Read more
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