On October 15, 2024, Silvaco issued a press release entitled “Silvaco Announces Preliminary Unaudited Revenue for Q3 and Updates Full Year 2024.” In this press release, Silvaco provided updated full year guidance of $60 to $63 million in revenue, down from the previous guidance of $63 to $66 million in revenue. Silvaco also provided updated guidance of 10% to 16% year-over-year growth, which was down from 16% to 22% projected year-over-year growth.
On this news, the price of Silvaco common stock fell $3.61 per share, or 32.6%, to close at $7.45 per share on October 16, 2024.
