SVCO — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-05-07

• We are a provider of technology computer aided design software (“TCAD”), electronic data automation software (“EDA”), and semiconductor intellectual property (“SIP”). Our solutions are used by engineers to optimize semiconductor manufacturing processes and efficiently bring semiconductor products to…

• Our TCAD solutions are used in the semiconductor industry to model and optimize manufacturing processes and device performance. This includes foundational TCAD software and more advanced artificial intelligence (“AI”) machine learning for process development, called Fab Technology Co-Optimization (“…

• Our EDA software is used by semiconductor companies to design, simulate, and verify semiconductors. Our EDA products include SPICE modelling and simulation, parasitic extraction and reduction, standard cell generation and optical proximity correction.

• Our SIP portfolio includes a range of products, including foundation technology, such as standard cells and memory compilers, as well as a suite of interface technologies. Our SIP portfolio benefited from recent acquisitions, most notably Mixel Group, Inc. (“Mixel”), which is positioned for growth a…

• Our customers include foundries, integrated device manufacturers and fabless semiconductor companies. Our go-to-market strategy centers on selling software solutions and associated maintenance and services. Our software solutions accounted for 65% and 71% of our revenue for the three months ended Ma…

Text removed vs the prior filing · source: 10-Q · 2025-11-13

• We are a provider of technology computer aided design (“TCAD”) software, electronic data automation (“EDA”) software and semiconductor intellectual property (“SIP”). TCAD, EDA and SIP solutions enable semiconductor and photonics companies to increase productivity, accelerate their products’ time-to-…

• EDA offerings, including our solutions, enable companies to streamline their IC design workflows, develop complex IC designs in a cost-efficient manner, and maintain acceptable IC manufacturing yield, by providing interoperable tools that capture and simulate designs from concept to analysis. Our TC…

• Our go-to-market strategy focuses on selling software solutions along with associated maintenance and services. Software solutions represented 74% and 69% of our revenue for the three and nine months ended September 30, 2025, respectively, compared to 62% and 72% for the same periods in 2024. Revenu…

• During the three and nine months ended September 30, 2025, our bookings were $22.8 million and $49.4 million, respectively, as compared to $9.9 million and $45.5 million for the same periods in 2024. Our revenue was $18.7 million and $44.8 million for the three and nine months ended September 30, 20…

• Worldwide economic and political uncertainties and negative trends, including financial and credit market fluctuations, tariffs and increasing trade protectionism, interest rates, inflation and other impacts from the macroeconomic environment may continue to adversely affect our business operations …

Text added vs the prior filing · source: 10-Q · 2026-05-07

• •We operate in highly competitive industries, and if we do not continue to meet our customers' demand for innovative technology at competitive prices, our products may not remain competitive.

• •The growth of our business depends primarily on the semiconductor and electronics systems industries.

• •Our success depends on sustaining or growing our software license revenue and our maintenance and service revenue, and the failure to increase such revenue could negatively affect our results of operations.

• •Our success depends on the interoperability of our software solutions with our customers’ intended use cases and with products and services of other companies, including our competitors.

• •Our operating results and revenue could be adversely affected by customer payment delays, customer bankruptcies and defaults, or modifications of license terms.

Text removed vs the prior filing · source: 10-Q · 2025-11-13

• •We face significant competition from larger companies as well as from third-party providers who may deploy their resources to develop IP solutions internally.

• •Our interim results of operations may be difficult to predict as a result of seasonality.

• •Substantial, prolonged economic downturns and softening demand in key industrial sectors and in major economic regions in which we operate, including China, have resulted and may continue to result in reduced software solutions sales and lower revenue growth.

• •The success of our business depends on sustaining or growing our software license revenue and our maintenance and service revenue and the failure to increase such revenue would lead to a material decline in our results of operations.

• •We also depend on growth in the semiconductor and photonics industries and in the end markets that use our products. Any slowdown in the growth of these industries and end markets could harm our business.