PDFS - Earnings call transcript Q2 2024

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Operator

Good day, everyone, and welcome to the PDF Solutions, Inc. conference call to discuss its financial results for the second quarter, ending Sunday, June 30, 2024. [Operator Instructions] As a reminder, this conference is being recorded.

If you have not yet received a copy of the corresponding press release, it has been posted to PDF's website at www.pdf.com.

Some of the statements that will be made in the course of this conference are forward-looking, including statements regarding PDF's future financial results and performance, growth rates and demand for its solutions. differ could results actual materially. PDF's

year to You stated available to subsequent on them. Form SEC PDF entitled XXXX, in fiscal Factors today. filings. information The and conference section XX could XX-K similar through risks update in the on this refer on pages report XX Risk annual call to obligation XX, based statements the PDF of disclosures December no ended forward-looking assumes for and PDF's are

John PDF's Financial President introduce Executive to and Adnan Chief Chief like PDF's Officer; Officer. I'd Now Kibarian, and Raza,

Mr. Kibarian, please go ahead, sir.

John Kibarian

joining today's Thank us you for on call.

If quarter, press release please not each of and second the seen to where the section Investors for you've our go our already posted. management been earnings website report has

financials to in some the the the observations for market have I the make of quarter remainder our year. discusses and view comments second detail, for Adnan our for about Before the

were last will nature larger QX. our the to strong improving lower QX look it Our the second meaningful expect we have at and contracts, some building bookings of future given been therefore, lumpiness in find of rolling bookings Since quarter started in we which SaaS quarter than in average. any the year, of a growth. backlog, to Due the support

the cases, both contracts in the Hub MLOps In business or and many in customers that usage new Manufacturing Sapience our lead are anticipate mostly platform. to bookings quarter The with expansion of deploy expanding are like either future. starting to systems to we of these the

expected quarter Exensio Control SAP Successful logic and who's result large larger, a in Hub analytics. customer, their for include is doing of levels advanced for manufacturer is new to deployed much quarter wafer That a having a to a contract into advanced initial completion system to contract of the the a same a Sapience productivity. contract fab, deployment large pilot Exensio license in all for significant phase tying its deployment. with deals also Process manufacturing Exensio Manufacturing entering for significant, SMH, to already of more S/XHANA Notable multiyear for for in logic follow-on, ERP facilitate packaging, initial us fab an

AI We closed we product for deploy testing to This last announced an is contract QX journey for large tests. will that result anticipate for of of their use MLOps, in for first AI products. our most AI-based their is of use, successful application year. for expanding in a We fabless customer contract beginning AI this of the

customers usage. expanded of cloud also number Exensio A

of occurring larger While annual expansions the increasing rate which the run also set in these we of some quarters. anticipate for few contracts, next these renewals, up

improvements Finally, increased. Symmetrix modest bookings QX equipment over connectivity showed for in customers' our shipments run-time as QX licenses

where our typically business revenue business We and strong the strength backlog the as Overall, our recognized, of demonstrates in strong the continue to deliver revenue ratably model earnings. results and quarter were with it is business given the we of most results model. in pleased

DFI. to Turning

machine fab this second us is in customer. facility us one we third our while the build machines the on machine a fab. send A when to and stated have before, we machine they at eProbe another to year new As analyze has at the be wafers X ready. their rights to customer shipped them The for will

conclude. the capabilities was take in very unique of products. accounts, production of very control application high. We eventually For the bringing is eProbe quarters couple the the those is we've anticipate about scan and machines. begun first those yields we to product In believe number the X customers, discussions direct may expanding logic that both of What discussions next of usage up clear are in QX that valuable has

second the view on our perspective on Now year. discuss me turn the let environment our half to of the and

we customers are growing. their As are weakness others some business, while with talk our about experiencing

the a we It won't unevenly will growth a market, be distributed. that the lifts be for overall rising semiconductor believe boats. tide As all result, case that

engagement our fabless X-nanometer; customers whether advanced such to fabless AI/ML companies and is developing high driven customers fabs transformations, vendors. data, test equipment often that digital processes to conventional foundries logic with test remains With by deploying software, in control said, engaged methodologies; leverage augment and that as with IDMs, advanced attempting

of we trends period a about to over be to growth these engagement, expect customer ago. strong half for the year XX% continue the and revenue the same Given second year

first of want their efforts to half PDF year. for I thank all employees and the during contractors the the

call his provide review I'll who over the turn Adnan will perspective results. on our and to Now the financials

Adnan Raza

again Thank Good all you, John. you good today. with to and speak afternoon, everyone,

We are quarter to results progress of to on of to bring and the up you pleased the business. financial review date the second the

on note Form Please today. also call in Our be has filed financial is XX-Q all the a results financials to reconciliation and basis, website. been on today's non-GAAP that SEC a will we GAAP the provided our materials the discuss in with of

from For quarter. QX, and up a million, revenue flat up our Analytics ago same versus period the was slightly to $XX.X million X% $XX.X the versus total this revenue versus essentially quarter for revenues well came million quarter year was $XX.X customers analytics the prior by renewals our XX% growth usage quarter. in second revenue run-time as our upsized and The uptick this XXXX, total an of increased represented Symmetrix Exensio and licenses. as our of in

extension for level the a cloud and of engagement by our SAP. partner, use John on win quarter, said, a excited Exensio expansion Sapience Exensio including of internal provider Hub are customers with with customers, our additional about of adoption an Exensio the multiple with by their deployment Manufacturing fab the customer, semiconductor during leading-edge As we merchant

activity engagement our you needs. investing for address and to the the and system see with continue pleased also machine, to further We're eProbe DFI us will market

result driven Yield low by share volumes. $X.X ago, million, second Asian a year lower compared the from from of same down Integrated contribution the quarter or revenue $X.X XX% was gain our During a quarter, Ramp customers as the to million

We XX The customer at we million are from been in our with well. end the of backlog, have this which our end million grew of half grow $XXX.X believe $XXX.X of the of to the in at quarter. as this first pleased will leads discussing year second level and the trends backlog year John of engagement half the I the us and to December

We same for of for year. and the XX% XX% the XX% last prior reported quarter for up gross margins quarter versus both quarter, the the of

our gross and performance Analyst financial User We the the quarter, Day in which at line are year. last target for with our pleased we Conference shared long-term with is margin model

prior the versus our down was by primarily driven On better prior while the compared the expense to slightly SG&A operating of quarter expense utilization side, our quarter flat count for resources, head were R&D, quarter. the essentially expenses in

we EPS, of improving a $X.XX For we reported the quarter. for the reported quarter, prior from for profit $X.XX the

and million for the compared million to cash We quarter prior cash cash equivalents $XXX ended operating with of generated quarter. the the small for quarter. a $XXX We flow

we earlier. used to quarter, the of the for to development the the primarily we system additional address our investment support market machines mentioned DFI cash During and build of need

XX% year, our the to we rest the of growth look to of prior half matching long-term compared prior to our target revenue for committed to period. remain with the year, for the year we year guidance the returning second the As

the Q&A. call With operator for that, to let me turn the over

Operator

of comes Instructions] Blair Abernethy question Our from Securities. line with the [Operator Rosenblatt first

Blair Abernethy

Nice quarter, guys.

John Kibarian

Blair. Thank you,

Blair Abernethy

guess, questions, for two I Just me.

DFI MLOps other the on one system. one Just the and on the

what DFI, on your the up. or the see want is manufacturing over it just see see about changed quarter. CapEx as stepping is talked So advanced you And quarter. what length last I looking at you I plan like? to having that

some us sense in capacity deliver be the equipment able to on give the So to ramp-up of DFI.

are It the sense like of is the seems on can system, MLOps transactions? time introduction give And big how product, these us the then a actual pretty the of selling some short the from sale you cycle. of

about bit little that. a talk maybe Just

John Kibarian

Sure.

the on quarter. the developed in eProbe, So what's

As remarks, my And Blair, community, usage in very prepared the was both high we fabless pretty customer too. at customers. I a in base good have said

how we community results. hearing from the so fabless been seeing started And the about they've

result relationship design another understands it the to the the design what can the find the between design. talk about understanding designers good tools manufacturing and is et inspection is yields Two, problems, just that cetera. just Therefore, very specific most and where one manufacturer to machine the the on capabilities seeing, inspection compare understand you to at they're

they've probably with customer that's it. think communicated why about the I base

So you that's when customer. hear always good it our from customers'

about ifs I come say. there, meet they will would far in throughout what in had out understanding And at were the ahead And customers they the as dialogues, a of let's the lot We they some of potential there's from think short get ourselves. need. indication of all to what get least think It their spread not term, can of needs. machines probably we're number X we of first too if so we've don't be XXXX starting to both both or

But could able from like machines as as mitigate is demand. around long. trying respond see CapEx our to being time as to for build-out, contingencies typical possible this The much lead you to quite

to our of we're matter months. of couple pull So you best pull a it trying do but can it to a in, in

and make this go instant lead time. an You can't

the to similar of times lead time think other frame. different a times which months for kind to not lead is year So of are the X than those I machines complexity, like much

around capability apply this of we do kind requests the a and to excited speaks it know had areas it other kind ] incremental right design. machine opportunities the memory where stimulus very pilots in more We've [ on lot of think, because of the and think We these are each we So exactly are about unique with part in customers, design we is where now. besides the broadly. appropriate of of of

eProbe. my the So answer on that's kind DFI of

for short the customer It is to working we again, move to packaging, with I customers, announcement the earlier with. better quality cetera. was tests performance, into to doing started this better kind many closed. this. as and getting a we they're were from from but If advanced test very announcement, screening, lead test get It models application there's customer started working the results insertions has to and able we on they an seeing later be customer. et test time, as This more been early want before extracted this up MLOps, more see better And with first of more seems we're

want I as a small relatively number At products, out relatively on could it more That's they larger you contract. they super a would it methodology amount total small apply test production. expect It's of to it complex with a AI what say, I this not and really be to a number them a gain more as And And is out deployment we But The this very being modest would it prove their portion as a for. to more of test. to I why is, of it's at percent their stage, is across testers. would product they testers, huge. again, a contract. said it couple meaningful of initial roll success roll of only out works would believe,

Blair Abernethy

What Adnan, comments. million typically, to going got quarter, in you've cash. I maybe been for DFI following just million $X million be looking of $X.X should the And a we should we there? lots Great. quarter. $X this expect you've Okay. on know CapEx But What forward? running

Adnan Raza

To DFI more Yes, one. quarters ago, the what ramping than were we spending also in a reasonable this be quarters question. have honest, many we very we before when were up

levels. CapEx the probably couple at I think we look, next mean, So similar of for stays at quarters, least,

John As are we engagement take leading want that this advantage for edge, is sure be to with unique and positioned making the us a customers of we said, multiple well to on opportunity. pretty time that with

QX in saw estimate. a fair So probably we similar come where is to

for for between uses the way the positive in we time we we'll time think from mind cash have the share stay is, cash have keep do in going I to of opportunities to QX. for to as other a example, relate and present, long done, thing operating or intend time, as example, to that look, to, well, flow we long, also in which been and purchases,

Blair Abernethy

Okay.

Operator

of Capital line Markets. the from with comes Gus question Richard Northland next Our

Auguste Richard

fab it outlook. wondering, production? just was it Is DFI quarter. yield product? a got like Nice is engagement in ramp? your Or an the up your X It customers, Is actually new exciting and bringing is with what I case? it the sounds you've in on use

John Kibarian

Yes.

Gus, So for far, bringing specific up nodes, bringing nodes very it's advanced it's to up been because applied and used products. been

something windows process a There's the the to these something are are So each layouts process uses We specific industry tight. about product so as design But in differently, used things to the design. refer systematics the little the unique always different. now design. or about every

they've different come couple many a been, a they node. I across into designs using as So customers, on think, of it

We designs initial in is long out there, you a production use tape believe even for the that though time. many

first even process hear in So because we from And the fab. need level monitor over time, it's so remain. of fab, a we well development application base. marginalities, windows to use a production tight, kind results going give just to that you will in seem are the the not the And a as to believe control a just it customer

So early been products. X really months, what's last or the on, I been year, over say think happening up around has bringing I'd

I but control I up suspect that up the to XXXX, technology. bring being not as you products transition ends think into just it to the

Auguste Richard

that for build just CapEx, I'll products, the and the assuming with year? stick DFI. the sub-cons assemblies is your Got a Can you spending various these I'm because with on tools and lease effectively plans And your more it. you CapEx? the And add little actual to color next building then

John Kibarian

Yes.

So are build build be to plans, able up we to ramping more.

between somewhere the year and our more, X-quarter believe think a have do basis. suppliers maybe than assumption to reasonable build able the think on ability I we more X would waypoint. in i.e., that, about be We do X term, this a would short what next be our is I but to a

machines been on basis. right have that the a You're subscription provided

I be optimal and adjust the and the software. think node, point back there's it some customers both top to if So for to equipment the Gus, It be On to they what's about and first for your CapEx purchase got with mind Over is life subscribe to would business flexibility some customers' mind we of some software may of the case. still time, the that, model think machine way. us. may I our it kind gets the subscribed. question, prefer That on you've forever, may of the purchased run and at the

factor a So thousands our us. customers than times are of to larger hundreds

So control to I to if business. the if going application the may them the way think to come listen particularly to our balance in the we're them, they about is off purchase sheet them best were what's with work over time, capital But there.

Auguste Richard

And are are so, the to then And there's the was I and last you interest two me just for related? Clearly, Got is it. increased And one multi-die OSATs? chiplets expansion an wondering, on of MLOps. see those packaging, starting if if into will. you

John Kibarian

group with. better, The to, we've then motivations an downstream know or test related. product customer this is coming This the are the how know-how test matching others time, or result, the And that that interest interpret how well the of effectively. that, for own better. program additional model chiplets get how is performance match the They the of as the companies, say, overall let's tests fabless is add you dialogued that's to system companies so as one reduce chiplet interpret from they and about product know to really the responsibility because build to or they

to feature et a test tests on of so to decision manufacturing upstream from bidding having be their to at DEX back made at data running make, that an say, for having that's It We've features look our testers, let's go up with time all models, flow and the push that so is say, order the machines real in traffic us sub-bidding their they And OSATs down MLOps initiate cetera. data they allows our cloud. from let's and to can a in the decision, really testing of combine extracted network. manage to investment them upstream connected can or downstream, ready going the also

right and you're to result that chiplets much complexities testing yes, is of that. it on very a related as So

be needs role The therefore, OSATs the SAP have need their important where chips because with an integrate going they to are where know sent. MES to with to to and systems. play you need their be system need data Customers because to the integrated

the up is fabless today. needed. that OSAT the the more buyer it user requirements are really it system So But and the does bring still community than overall of the

will Gus. way, it that think stay too, I

Operator

[Operator Instructions] question of the Our with comes Craig-Hallum. line from Schwab Christian next

Christian Schwab

give us who been now tremendous producer lack for of meaningful the give some be an can production update? a time is description. mess, customer other opportunity kind multiyear a that So could for in You've readjusted? an semiconductor of working could dates over a now with going us you on Can through that time any update what of you revenue be frame

John Kibarian

Yes.

So Christian, the customers' We're thank for what's you and on going information given always very proprietary any our of customers. in question. respectful

tell specific comment help customers. our right, can be more to in and used you don't we customers on is more effective. though, I efficient But technology So general,

So economic customer to the and situation the we what's is always work are going mindful way about every think best them. with of through

is But to often, customers important our for very technology drive transformation.

look more and us we And business sometimes. to so at And the us often our builds systems. term larger with for effective it often, how a they these as use in over the opportunities customer longer be

if know case is much in efficient being then change And for quite manufacturing. don't in situations. these I does our very being of our term think You long. we're customers every that's for in do. management track the for true instrumental technology more In record is when important And general, short

Christian Schwab

opens faster than So up put could an previously another way, things you do opportunity then? expansion expected where this think of happen

John Kibarian

are customers. technology trying when looking that often customers really valuable increasingly to nodes, up are the I now happen that those move are When for think and going looking systems opening I are customers they're advanced that for is to Customers believe of the to transformations, complexity through opportunities. our happen for to now,

of to economically, also customers sharpen how as to flexible be be think and ways well. fact the of So are for our we that we deliver have able pencils when look value, mindful to to challenged

Operator

Our line next Davidson. Jellison question from comes with William D.A. the of

Will Jellison

your wanted adopting folks? respect customer them, to what start the trends, to existing with next amongst base, asking, are I out Exensio module you seeing for those amongst by incremental

John Kibarian

for talked really drivers drivers That's at about question. question. X for great the my customers. I you In of Thank we that see to business, the Yes. them prepared remarks, point kind a the and of

what lot really is MLOps a described automation was about more all, tests. of opportunity First That I one I that times. on of talked

more applying ready remarks, be chiplet to I from sophisticated said much more going ML-based to As efficient my a for AI being models usually applying quality, cetera. it's models, or in test prepared in really production, et models, driving rules

It's the labeled I their to digital on second SMH, to The driving business, SAP Hub, really And two the want store. the our top Sapience which business. broadly When it. my the transformation. AI/ML Exensio remarks connecting is to customers Manufacturing in at apply. they has really from partners our got prepared want able of inside The database the aspects way that's to transform be shop act they whatever floor of

operations flows. get ML "I their to my add more to need Our go production to important and the to financial system more where the that one if better ERP this need be So recognize models, also the able customers team from AI have to but things to order important downstream understanding predictability typically testing test." ERP be the going and send on know I is, for with team able been economics, going connection for deploying that is to the and OSAT be engineering package automation in of to an their to the wafer is real information system to who's it's they data

SMH. opportunity that a is opportunity piece. big We quite second see SMH that So for

were And customers their cloud that then expanding thirdly, said lot of offering. I a

us of thing begin One the in to the this they data place. the all realize, first of journey, get some that have to as your they need talked customers you one about things

person time data if getting XX% that You often it have becomes munging And online. data put you hard scripts it's Because and that apply and wrangling the is And do on to very dependent or engineer put need to it way, the data you models, be together. up the built the down in to able to and typical with if it aligned of supply model. science manufacturing ML that want your chain. then

orchestrating a then and to or or contracts If We've first and ML. that where there really in you the and of your relying we takes that as The more data. makes that a product advantage it, this and way words this of for data, lake talked about much in you functionality are on have to orchestrated more had more people sometimes of data expansion different refer customers easier. data a the then quarter lake provide Exensio really AI warehouse MLOps have managing building terms

test; do these with operations things. customer okay, orchestrate I places manufacturing see, of it's And data like customers. and okay, there, we of two, API, my opportunity our location works these majority before operations; that, of three the a say, I'd three with central I we are out the any can in those and I in then I engineering things all financial my better really where for so one, with can see that three, base the playing any need my to build the have really so And a organized engineering common foundation

Will Jellison

revenue on machines, is still over as still it? a machine the the case that respect very revenue then From out ship machine, And the of Is it follow-up, small. you on it starts time. view the that And it the the side over scales to as way you with Great. to time, activity that moment scale generation a generation DFI, the tends increases.

Adnan Raza

I aren't Yes, one is to ever just mean, just engagements about look, keep I in itself. the tool DFI thing our mind think

on the the within will pieces software, there's to talked there's based tool So performed obviously software. and combination And software, that Fire then our analytics for obviously. of analytics combination which it's inform the many used the about example, software, other We've a the is it's about hardware. a design. software, be even of the of And

some the pieces depending of So those, may be accelerated. on usage

one in is the early accelerated. the machine stage, that if example, gets perhaps For

of about that the can contracts. happen the machine treatment have some We with lease talked

term, been customer's that the over the on grows mean, a goal is that of of providing been And therefore and always be However, them value to some system utilizing. we token we more I a that that on basis, growing that they've expect look, over hopefully, longer time opportunity. why contracts usage the whole done have is such our customer the past time. are And the

Operator

Our next comes from line Samjo Wiener of question Management. Andrew the with

Andrew Wiener

going you the, to John, in per X guess not DFIs, most guess, you But them into the described X and convert I DFI what call currently say it referenced a conversations customer you a the beginning paying customer given our of that, of machines, increased? I customers. But potentially is fair that is additional will as level they're sort I as confidence referred multiple of those evaluation, that is to that DFI lead se. sort that, evaluation and about actually deploying has think manufacturing well one a of

John Kibarian

the out last came this of the Andrew. shipped correct, year, of end be at machine would beginning We year. That

I period, in saw usage Second my prepared did well. there. good They quarter heavy was very a as we as And results said remarks.

create. the speaks I the machine to that really can think value just

still We have customers. get in a have lot of to hurdles we both over

our here. customer. from But very means, we're we've not, done. a There's that is by to positive yes, And just able work to of increasing. feedback sit lot So any be confidence back gotten

Andrew Wiener

and a the perspective couple what yet, you've within realize a you X and X, want talking clarify, 'XX? type about not referenced a about then a lead that about what customers, be capacity to customers said comment what And in just to than support, I'll not able able your of capacity forecast, more realize be these but the Is I I isn't these little? of just being And forecast when wanted too people a couple get would of are you I the evaluation meaning a asked and Okay. of of orders might would ways X? produce to of about to support need. sort order an sort I'm that sense of or current you're are call customer demand revenue this you what conversations, are on have to contemplating to from talking but it, trying

John Kibarian

Yes.

issue. from we of in the end was and So the a they've in that we If asking it both the us we're the a a evals little of low machines, customers that memory were have logic fact the see middle higher And if the they And mindful potential of range, both okay. we If we applications number bigger be range, end short. range, then also I and for of given on ranges. we're would probably et demo the think manufacturers. probably are other interesting have that cetera, in of

way So we maybe them, need a expand don't that did our in we to in to have for was capacity. that If just have we everything some slack business good then XXXX.

to we've have in So we sure got of to expand marketplace. be out somewhat kind making the thoughtful about ability

ourselves their terms their pretty do right we've be of squeezed where We've supporting of to we're kind internally the the of got support now. X bit to also of low end also in modest little think kind under customers be requirements would I cetera. even et being we to at or okay, a where we'd evaluation, So manufacturing able look

And so necessarily we like demos don't internally for we customers right now. capacity would really have as and with much some things other other

So hamstrung. little we're bit a

So do to to looking yes, that increase number. what see we we are could

this how the with get of that We through will out base. things see decision we to customer as year build kind make

keep of to of want a got decide there. One don't do contingencies we've lot so to right, could they it, them

Andrew Wiener

demand are sort about for any shipped tool the talked you've going the guess to likely at using like in that what customer to with purposes. want conversations I it just yet, to least customers past, in know but volume I mean of haven't a second as I most who look or would could tool any real been would redundancy you're be you there third look Has internally, the their running like? wafers

John Kibarian

We've conversations XXXX very that of and about need with we as yet, is beyond. not many something kind do to had we think about them Andrew. It

been We've the busy we'll this it second kind pretty will just understanding quarter, the first in do two. early something of quarter, So the second the in be year. half of third in

Andrew Wiener

then you players capabilities? it of sort they sort you're other it's currently other now, technical more, actually for of internally any whether applications demonstrate logic And Or some shipping to run of or those memory, that talking can is right so you conversations? are about, wafer

John Kibarian

Yes.

We least already those the memory the customer top have my I that's know that of applications. at and off head wafers one shipped

that that. in are others have We interested doing

off yes, kind customers. But way So mindful results. of are swap and we've in them that already to a show of wafers bandwidth, We them memory right? we lead gotten our trying to take eye we're starting don't

Andrew Wiener

know maybe And the application. I pilots. was had then area And you a gears test of of focus first over Okay. that the number to shifting MLOps.

Just to, us going little pilots more potential use out to go taking sort are or then you to for as to of you color waiting pilots maybe more sort now to that proof on of like, engagements on convert are points more a give and commercial other customers.

And data to hands which use place use consideration to maybe any try third figure of all of let is, best piece in machine own learning that sort in able the on develop to Is out making customers AI-based to think put touched them of MLOps and enabler. applications, and the getting for of then there build and how efforts then the their it the I idea the cases? one you MLOps of is being or to

John Kibarian

question, great a Andrew. it's Yes,

if in three-part can go, keep I question I'd kind all, them head. my of So the

other parts ongoing industry. the with customers and of pilots are there yes, So

for this make really saying, a at of even different can okay, it And could the cards taking the can of back for in There's field. kind do one test, package the to kind bigger step around you to parts a system because test, effective things test. MLOps. are to orchestrating customers customers then there's your also do operations of you're the And challenges company test we of are point. managing or we sort And so looking And becoming how use wafer data models. better, company make We is effectively fabless it making and that customers. company do third because there's entire many a one build in to they're what do that two would and companies world systems out more our once a card-level

rules production, want stickier we step do them. over make for In data you for a cetera, second how the a is how say, once the those trigger okay, you production results, the a solves et the update both one really that's change, back model, customers. So the the we in problems, when that we or take they term. test put can to think and enhance can and long that have better MLOps monitoring Look, model flow, that, so they managing problem one

there. there's So an activity going on

a their whole And environment on then the build and out build our we the different make of. then it from question third They can default, and different Exensio, is flow. a APIs, example models around MLOps that model of use throughout through that exactly in their the from system putting manufacturing the pull MLOps data use it of can to use you an could the the customer, intention their publish own stuff They They own the models. provide back hands They asked at anybody that. can kind system. use orchestrate

if our even don't learning to. environment don't to need they want use So they

and are on. engineers the has systems building, day-to-day, want wherever with early not expensive types to spending flows get take money market something your all and of a flexibility you test the manage up. That's And can mind have you we they showing the a need in to, those data of scientists to for but that anywhere X adopters XX/X, sure really you don't They're there. there's levels model make up want X built out of own that because design the all their doing those model really

kind software want using own of experience earlier in that's to manage but know-how like happy to And a little to use models does. You systems in bit got of their cetera. There's build that and journey you. for they want the a their customers our they're model environment, their say, let's because That's about that are, they've system. building, They've MLOps products. got what et more

case those screening, take it mean my I is, already that's And X tune default third time for application. that to the or today. pipeline model defined PDF let exist product the enhance. reduction quality And you'll and something us okay, an has capabilities me in test see

we had models can We at bring start-up work attended on production. to at not lots world with to are our the are booth, We're trying all. also smaller the SEMICON, user help of people because to that at community. broader have at ML If corner we modeling the some looking want in we companies you on doing our our talk have booth how

Andrew Wiener

question made guess pilots? maybe the is, last that on any made space. you any You in my progress I battery position have a of And

John Kibarian

Yes.

working also manufacturers we've month. So off and kicking and with consumers a been pilot are this battery battery

week another sent Similar the and that to in battery information much showed system our now could lab and customers with a a and pipeline how anodes, material. what us them what eProbe, in we about do, the it's or image we're We their actually, think installing software manufacturer. cathodes get sample I they did so. could at

together So and that battery both to identify production manufacturer of work consumer the can the control.

pilot that now. So kick will off

this per there's vibration there's films where it the cathode proving and that where the meters It's of lab, material a of can of material, you're gotten our software kind to an and amount and noise we've second imagine, up environment lab really a you just as keep in anode not production level. stage small achievement that our can it's very and in with at that from running

it. next I very right we're, We're excited So about at think, now. the milestone

Operator

Ladies At a and questions. this day. wonderful today. joining concludes Instructions] us program. gentlemen, are there this Have [Operator you time, more the no Thank for

PDF Solutions (PDFS) 8 Aug 242024 Q2 Earnings call transcript