PDF Solutions, Inc. (NASDAQ:PDFS) Q1 2022 Earnings Conference Call May 12, 2022 5:00 PM ET
Company Participants
Joe Diaz - Lytham Partners
John Kibarian - Co-Founder, CEO, President & Director
Adnan Raza - EVP, Finance & CFO
Conference Call Participants
Tyler Burmeister - Craig-Hallum
Thomas Diffely - D.A. Davidson & Co.
Auguste Richard - Northland Capital Markets
Blair Abernethy - Rosenblatt Securities
Operator
Good day. Thank you for standing by. Welcome to PDF Solutions First Quarter 2022 Conference Call. [Operator Instructions].
I would now like to hand the call over to Joseph Diaz of Lytham Partners. Sir, please go ahead.
Joe Diaz
Thank you, Christian, and thanks to all of you for joining us today on the call. I appreciate your time and your ongoing interest in PDF Solutions. As the operator indicated, my name is Joe Diaz I'm with Lytham Partners. We are the Investor Relations consulting firm for PDF. If you do not yet have a copy of today's press release, it's available on the company's website at pdf.com.
Some of the statements made during this conference call will be forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding PDF's future financial results, performance, growth rates and demand for its solutions. PDF's actual results could differ materially. The forward-looking statements and risks referred to on this call are based on information available to PDF today. The company has no obligation to update them. You are advised to refer to the section titled Risk Factors on the company's annual report on Form 10-K for the fiscal year ended December 31, 2021, and similar disclosures in subsequent SEC filings.
With that said, I'd like to introduce John Kibarian, PDF Solutions' President and Chief Executive Officer. He will be followed by Adnan Raza, Executive Vice President and Chief Financial Officer. At the conclusion of management's prepared remarks, we will open the call for your questions.
Let me now turn the call over to John Kibarian, President and CEO of PDF Solutions. John?
John Kibarian
Thank you, Joe. The first quarter was a great start to our year. Before Adnan discusses the financials in detail, I have some comments about the nature of our business in the quarter and our perceptions of the market.
The first quarter bookings built a strong trend in 2021 with many of the same themes that we experienced last year continuing. For the industry in the first quarter, supply constraints, COVID lockdowns and sanctions as a result of the Ukraine war made for uneven availability of equipment, wafers and consumables.