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News Breaks | | | | February 14, 2013 | | 18:03 EDT |  | PDFS | PDF Solutions analyzing reversal of deferred tax asset valuation allowance.
The company said in a press release: Based on PDF Solutions' recent financial performance, the company is in the process of analyzing a reversal of a significant portion of its' deferred tax asset valuation allowance. The company expects that this reversal will be within a range of $18M to $22M. , which could result in 58c to 71c of additional earnings per diluted share on a GAAP basis for the fourth fiscal quarter of 2012 and 60c-74c of additional earnings per diluted share on a GAAP basis for the fiscal year ended December 31, 2012. The company believes that the results of this analysis will not impact the company's revenues or cash balances. The company expects to complete this analysis, and record the reversal, prior to filing its' Form 10-K for the fiscal year ended December 31, 2012. As a result of this reversal, the Company expects its 2013 effective tax rate to be in the range of 35-40%. | |
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