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SANTA CLARA, Calif. - Silvaco Group, Inc. (NASDAQ:SVCO), a provider of software solutions for semiconductor design with a market capitalization of $148 million, announced the resignation of Chief Financial Officer Ryan Benton, who will leave the company on April 11, 2025, to pursue an opportunity outside of the industry. Benton’s departure is not due to any disagreements with the company’s practices or policies. According to InvestingPro data, the company maintains strong gross profit margins of nearly 80% despite recent stock price challenges.
Dr. Babak Taheri, CEO of Silvaco, will take on the additional roles of principal financial officer and principal accounting officer on an interim basis following Benton’s resignation. Keith Tainsky, currently leading the company’s Financial Planning and Analysis function, has been appointed Interim Chief Financial Officer. Tainsky, who joined Silvaco in 2023, has a background in finance leadership within the semiconductor sector. The company maintains a healthy financial position with a current ratio of 3.11, indicating strong liquidity to meet short-term obligations.
Corporate Controller Sherry Lin will report directly to Dr. Taheri. Since her start at Silvaco in November 2023, Lin has played a crucial role in the company’s accounting and financial reporting processes. The company has initiated a search for Benton’s permanent replacement.
Dr. Taheri expressed confidence in Tainsky’s ability to lead the finance organization and ensure a smooth transition, citing his experience and understanding of Silvaco’s financial operations. Benton, reflecting on his tenure, praised the team’s ability to execute on strategic vision and create shareholder value.
In conjunction with the executive transition, Silvaco reaffirmed its financial guidance for the first quarter and full year of 2025, which had been previously released on March 5, 2025. The company is scheduled to present its first-quarter results on May 7, 2025. InvestingPro analysis indicates the company achieved 10% revenue growth in the last twelve months, with analysts projecting profitability this year. For deeper insights into Silvaco’s financial health and detailed analysis, investors can access the comprehensive Pro Research Report available on InvestingPro.
The information in this article is based on a press release statement.
In other recent news, Silvaco Group Inc. reported a notable performance in the fourth quarter of 2024, with earnings per share reaching $0.15, significantly surpassing the forecast of $0.08. The company’s revenue for the quarter increased by 43% year-over-year to $17.9 million. For the full year, Silvaco’s revenue rose to $59.7 million, marking a 10% increase compared to the previous year. The company ended the year with substantial cash reserves of $87.5 million. Silvaco’s strategic acquisitions, including Cadence’s Optical Proximity Correction product line, were highlighted as key drivers of growth in power semiconductors, memory, and photonics. Analysts from Needham and Company and Rosenblatt Securities inquired about the revenue contributions from these acquisitions, with Silvaco indicating a modest contribution in 2025. Looking ahead, Silvaco projects 2025 revenue between $66 million and $72 million, with gross bookings expected to range from $72 million to $79 million. The company aims for a non-GAAP gross margin of 84-89% and an operating income between $2 million and $7 million.
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