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Silicom Reports Q4 2024 Results

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KFAR SAVA, Israel, Jan. 30, 2025 /PRNewswire/ — Silicom Ltd. (NASDAQ: SILC), a leading provider of high-performance networking and data infrastructure solutions, today reported its financial results for the fourth quarter and full year ended December 31, 2024.

 

 

Financial Results

Fourth quarter: Silicom’s revenues for the fourth quarter of 2024 were $14.5 million compared with $18.8 million for the fourth quarter of 2023.

On a GAAP basis, the company’s net loss for the quarter totalled $4.4 million, or $0.76 per ordinary share (basic and diluted), compared with a net loss of $35.0 million, or $5.35 per ordinary share (basic and diluted), for the fourth quarter of 2023.

On a non-GAAP basis (as described and reconciled below), net loss for the quarter totalled $3.4 million, or $0.58 per ordinary share (basic and diluted), compared with a net loss of $0.5 million, or $0.07 per ordinary share (basic and diluted), for the fourth quarter of 2023.

Full year 2024: Silicom’s revenues for 2024 were $58.1 million compared with $124.1 million for 2023.

On a GAAP basis, net loss for the year totalled $12.0 million, or $1.99 per ordinary share (basic and diluted), compared with a net loss of $26.4 million, or $3.94 per ordinary share (basic and diluted), for 2023.

On a non-GAAP basis (as described and reconciled below), net loss for the year totalled $8.3 million, or $1.37 per ordinary share (basic and diluted), compared with net income of $10.2 million, or $1.52 per ordinary share (basic and diluted), for 2023.

During 2024, the Company generated approximately $17.3 million in cash, and invested more than half of that, approximately $10 million, in repurchasing ~650,000 Silicom shares.

Guidance

Management projects that revenues for the first quarter of 2025 will range from $14 million to $15 million. Growth in 2025 is expected to be in the low single digits, with strong double digit annual growth rate materializing gradually from 2026.

Comments of Management

Liron Eizenman, Silicom’s President and CEO, commented, “We are pleased to report another quarter of progress according to our strategic plan, with strong Design Win momentum increasing the visibility of our potential mid-to-long-term revenue growth. While we continue to deal with short-term challenges, during the quarter we achieved milestone after milestone with a variety of customers and projects, moving exciting opportunities forward through our broad and wide pipeline towards future Design Wins. This is a clear indication that we are on track for a return to strong double-digit growth in 2026 and beyond.”

Mr. Eizenman continued, “For example, most recently, a global networking and Security-As-A-Service provider customer standardized on our Edge devices for all of its Edge deployment scenarios, and a US-based cyber security leader selected a customized version of our Edge system as its next-generation of a leading product line. Both of these slow-and-steady, continuously-building engagements are expected to lead to years of recurring revenues, serving as a rock-solid platform for future growth. Any ramp-ups that materialize faster than originally projected would accelerate the pace.” 

Mr. Eizenman concluded, “Looking forward, we continue to focus on creating strong, long-term value for our shareholders, aiming at an EPS above $3 based on annual revenues of $150 – $160 million. To this end, we have built an exceedingly strong financial platform, and continue to execute on our share repurchase initiative. Our new opportunities and Design Win momentum have increased the already-high motivation and dedication of our excellent team, who enter 2025 with excitement regarding our future prospects. We look forward to reporting our progress as we continue executing on our growth strategy.”

Conference Call Details
Silicom’s Management will host an interactive conference today, January 30th, at 9am Eastern Time (6am Pacific Time, 4pm Israel Time) to review and discuss the results.

To participate, investors may either listen via a webcast link hosted on Silicom’s website or via the dial-in. The link is under the investor relations’ webcast section of Silicom’s website at https://www.silicom-usa.com/webcasts/.

For those that wish to dial in via telephone, one of the following teleconferencing numbers may be used:

US: 1 866 860 9642
ISRAEL: 03 918 0609
INTERNATIONAL: +972 3 918 0609
At: 9:00am Eastern Time, 6:00am Pacific Time, 4:00pm Israel Time

It is advised to connect to the conference call a few minutes before the start.

For those unable to listen to the live call, a replay of the call will be available for three months from the day after the call under the above-mentioned webcast section of Silicom’s website.

Non-GAAP Financial Measures

This release, including the financial tables below, presents other financial information that may be considered “non-GAAP financial measures” under Regulation G and related reporting requirements promulgated by the Securities and Exchange Commission (the “SEC”) as they apply to our company. These non-GAAP financial measures exclude compensation expenses in respect of options and RSUs granted to directors, officers and employees, impairment of goodwill, taxes on amortization and impairment of acquired intangible assets, impairment of intangible assets and related write-offs, as well as lease liabilities – financial expenses (income). Non-GAAP financial measures should be evaluated in conjunction with, and are not a substitute for, GAAP financial measures. The tables also present the GAAP financial measures, which are most comparable to the non-GAAP financial measures as well as reconciliation between the non-GAAP financial measures and the most comparable GAAP financial measures. The non-GAAP financial information presented herein should not be considered in isolation from or as a substitute for operating income (loss), net income (loss) or per share data prepared in accordance with GAAP.

About Silicom

Silicom Ltd. is an industry-leading provider of high-performance networking and data infrastructure solutions. Designed primarily to improve performance and efficiency in Cloud and Data Center environments, Silicom’s solutions increase throughput, decrease latency and boost the performance of servers and networking appliances, the infrastructure backbone that enables advanced Cloud architectures and leading technologies like NFV, SD-WAN and Cyber Security. Our innovative solutions for high-density networking, high-speed fabric switching, offloading and acceleration, which utilize a range of cutting-edge silicon technologies as well as FPGA-based solutions, are ideal for scaling-up and scaling-out cloud infrastructures.

Silicom products are used by major Cloud players, service providers, telcos and OEMs as components of their infrastructure offerings, including both add-on adapters in the Data Center and stand-alone virtualized/universal CPE devices at the edge.

Silicom’s long-term, trusted relationships with more than 200 customers throughout the world, its more than 400 active Design Wins and more than 300 product SKUs have made Silicom a “go-to” connectivity/performance partner of choice for technology leaders around the globe.

For more information, please visit: www.silicom.co.il

Statements in this press which are not historical data are forward-looking statements which involve known and unknown risks, uncertainties, or other factors not under the company’s control, which may cause actual results, performance, or achievements of the company to be materially different from the results, performance, or other expectations implied by these forward-looking statements. These factors include, but are not limited to, Silicom’s increasing dependence for substantial revenue growth on a limited number of customers, the speed and extent to which Silicom’s solutions are adopted by the relevant markets, difficulty in commercializing and marketing of Silicom’s products and services, maintaining and protecting brand recognition, protection of intellectual property, competition, disruptions to its manufacturing, sales & marketing, development and customer support activities, the impact of the wars in Gaza and in the Ukraine, attacks on shipping by Huthis in the Red Sea, rising inflation, rising interest rates and volatile exchange rates, as well as any continuing or new effects resulting from the COVID-19 pandemic, and the global economic uncertainty, which may impact customer demand by encouraging them to exercise greater caution and selectivity with their short-term IT investment plans. The factors noted above are not exhaustive.

Further information about the company’s businesses, including information about factors that could materially affect Silicom’s results of operations and financial condition, are discussed in our Annual Report on Form 20-F and other documents filed by the Company and that may be subsequently filed by the company from time to time with the SEC. These forward-looking statements can generally be identified as such because the context of the statement will include words such as “expect,” “should,” “believe,” “anticipate” or words of similar import. Similarly, statements that describe future plans, objectives or goals are also forward-looking statements. In light of significant risks and uncertainties inherent in forward-looking statements, the inclusion of such statements should not be regarded as a representation by the company that it will achieve such forward-looking statements. The company disclaims any duty to update such statements, whether as a result of new information, future events, or otherwise.

Logo: https://mma.prnewswire.com/media/733229/Silicom_Ltd_Logo.jpg

Company Contact:
Eran Gilad, CFO
Silicom Ltd.       
Tel: +972-9-764-4555       
E-mail: erang@silicom.co.il

Investor Relations Contact:
Ehud Helft
EK Global Investor Relations
Tel: +1 212 378 8040
E-mail: silicom@ekgir.com 

— FINANCIAL TABLES FOLLOW –

 

 

 

Silicom Ltd. Consolidated Balance Sheets

(US$ thousands)

December 31,

December 31,

2024

2023

Assets

Current assets

Cash and cash equivalents

$

51,283

$

46,972

Marketable securities

20,860

7,957

Accounts receivables: Trade, net

11,748

25,004

Accounts receivables: Other

4,839

3,688

Inventories

41,060

51,507

Total current assets

129,790

135,128

Marketable securities

6,839

16,619

Assets held for employees’ severance benefits

1,483

1,357

Deferred tax assets

1,704

2,359

Property, plant and equipment, net

3,055

3,552

Intangible assets, net

2,300

2,253

Right of Use

6,942

6,466

Total assets

$

152,113

$

167,734

Liabilities and shareholders’ equity

Current liabilities

Trade accounts payable

$

6,477

$

4,139

Other accounts payable and accrued expenses

6,945

6,668

Lease Liabilities

1,670

2,070

Total current liabilities

15,092

12,877

Lease Liabilities

4,797

3,877

Liability for employees’ severance benefits

2,649

2,672

Deferred tax liabilities

32

46

Total liabilities

22,570

19,472

Shareholders’ equity

Ordinary shares and additional paid-in capital

73,859

70,693

Treasury shares

(53,512)

(43,631)

Retained earnings

109,196

121,200

Total shareholders’ equity

129,543

148,262

Total liabilities and shareholders’ equity

$

152,113

$

167,734

 

 

 

Silicom Ltd. Consolidated Statements of Operations

(US$ thousands, except for share and per share data)

Three-month period

Twelve-month period

ended December 31,

ended December 31,

2024

2023

2024

2023

Sales

$

14,491

$

18,763

$

58,114

$

124,131

Cost of sales

10,358

23,257

41,516

95,442

Gross profit (loss)

4,133

(4,494)

16,598

28,689

Research and development expenses

4,681

5,016

19,508

20,638

Selling and marketing expenses

1,654

1,592

6,014

6,935

General and administrative expenses

1,376

1,024

4,354

4,229

Impairment of goodwill

–

25,561

–

25,561

Total operating expenses

7,711

33,193

29,876

57,363

Operating income (loss)

(3,578)

(37,687)

(13,278)

(28,674)

Financial income (expenses), net

360

171

1,961

1,372

Income (loss) before income taxes

(3,218)

(37,516)

(11,317)

(27,302)

Income taxes

1,208

(2,549)

687

(889)

Net income (loss)

$

(4,426)

$

(34,967)

$

(12,004)

$

(26,413)

Basic income (loss) per ordinary share (US$)

$

(0.76)

$

(5.35)

$

(1.99)

$

(3.94)

Weighted average number of ordinary shares used to
compute basic income (loss) per share (in thousands)

5,811

6,537

6,020

6,700

Diluted income (loss) per ordinary share (US$)

$

(0.76)

$

(5.35)

$

(1.99)

$

(3.94)

Weighted average number of ordinary shares used to
compute diluted income (loss) per share (in thousands)

5,811

6,537

6,020

6,700

 

 

 

Silicom Ltd. Reconciliation of Non-GAAP Financial Results

(US$ thousands, except for share and per share data)

Three-month period

Twelve-month period

ended December 31,

ended December 31,

2024

2023

2024

2023

GAAP gross profit (loss)

$

4,133

$

(4,494)

$

16,598

$

28,689

(1) Share-based compensation (*)

83

105

276

428

(2) Impairment of intangible assets and related write-offs

–

9,647

–

9,647

Non-GAAP gross profit

$

4,216

$

5,258

$

16,874

$

38,764

GAAP operating income (loss)

$

(3,578)

$

(37,687)

$

(13,278)

$

(28,674)

Gross profit adjustments

83

9,752

276

10,075

(1) Share-based compensation (*)

778

834

2,891

2,925

(3) Impairment of goodwill

–

25,561

–

25,561

Non-GAAP operating income (loss)

$

(2,717)

$

(1,540)

$

(10,111)

$

9,887

GAAP net income (loss)

$

(4,426)

$

(34,967)

$

(12,004)

$

(26,413)

Operating income (loss) adjustments

861

36,147

3,167

38,561

(4) Lease liabilities – Financial expenses (income)

150

368

141

(99)

(5) Taxes on amortization and impairment of acquired intangible assets

22

(2,035)

419

(1,832)

Non-GAAP net income (loss)

$

(3,393)

$

(487)

$

(8,277)

$

10,217

GAAP net income (loss)

$

(4,426)

$

(34,967)

$

(12,004)

$

(26,413)

Adjustments for Non-GAAP Cost of sales

83

9,752

276

10,075

Adjustments for Non-GAAP Research and development expenses

387

413

1,373

1,423

Adjustments for Non-GAAP Selling and marketing expenses

191

199

728

747

Adjustments for Non-GAAP General and administrative expenses

200

222

790

755

Adjustments for Non-GAAP Impairment of goodwill

–

25,561

–

25,561

Adjustments for Non-GAAP Financial income (loss), net

150

368

141

(99)

Adjustments for Non-GAAP Income taxes

22

(2,035)

419

(1,832)

Non-GAAP net income (loss)

$

(3,393)

$

(487)

$

(8,277)

$

10,217

GAAP basic income (loss) per ordinary share (US$)

$

(0.76)

$

(5.35)

$

(1.99)

$

(3.94)

(1) Share-based compensation (*)

0.15

0.14

0.53

0.50

(2) Impairment of intangible assets and related write-offs

–

1.48

–

1.43

(3) Impairment of Goodwill

–

3.91

–

3.81

(4) Lease liabilities – Financial expenses (income)

0.03

0.06

0.02

(0.01)

(5) Taxes on amortization and impairment of acquired intangible assets

–

(0.31)

0.07

(0.27)

Non-GAAP basic income (loss) per ordinary share (US$)

$

(0.58)

$

(0.07)

$

(1.37)

$

1.52

GAAP diluted income (loss) per ordinary share (US$)

$

(0.76)

$

(5.35)

$

(1.99)

$

(3.94)

(1) Share-based compensation (*)

0.15

0.14

0.53

0.50

(2) Impairment of intangible assets and related write-offs

–

1.48

–

1.43

(3) Impairment of Goodwill

–

3.91

–

3.81

(4) Lease liabilities – Financial expenses (income)

0.03

0.06

0.02

(0.01)

(5) Taxes on amortization and impairment of acquired intangible assets

–

(0.31)

0.07

(0.27)

Non-GAAP diluted income (loss) per ordinary share (US$)

$

(0.58)

$

(0.07)

$

(1.37)

$

1.52

(*) Adjustments related to share-based compensation expenses according to ASC topic 718 (SFAS 123 (R))

 

 

 

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SOURCE Silicom Ltd.

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Taiwan’s Smart Tolling Technology Goes Global as Thailand Launches AI-Powered M81 Motorway System

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April 22, 2026

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TAIPEI, April 22, 2026 /PRNewswire/ — Sightings of electronic toll collection (ETC) gantries resembling those used on Taiwan’s freeways have recently drawn attention on social media along the Bangkok–Kanchanaburi highway. Far Eastern Electronic Toll Collection Co., Ltd. (FETC) confirmed that the system is part of Thailand’s newly launched M-Flow multi-lane free-flow tolling system on the Intercity Motorway No. 81 Bang Yai – Kanchanaburi Route (M81).

Developed in collaboration with FETC International (Thailand) Co., Ltd. (FETCi Thailand) and the BGSR81 Co., Ltd, the system has officially entered operation, marking a significant milestone in Thailand’s transition toward smart, digitally enabled highway infrastructure.

The launch also strengthens connectivity between Bangkok and Kanchanaburi, effectively creating a “one-day travel corridor” and supporting regional tourism and economic activity.

AI-Driven Tolling Cuts Travel Time to 48 Minutes

According to Kenny Chen, Managing Director of FETCi Thailand, the M81 project demonstrates the flexibility and scalability of Taiwan’s ETC technology in complex international environments.

FETCi Thailand led the design, installation, and implementation of the tolling system and its Traffic Operations Center (TOC). The platform integrates artificial intelligence (AI) and Internet of Things (IoT) technologies to enable data-driven traffic management and operational decision-making. It is also designed for future expansion, including applications such as weigh-in-motion enforcement.

Thailand’s diverse vehicle types and more complex license plate formats presented technical challenges. These were addressed through advanced AI-powered automatic license plate recognition (ALPR), ensuring high accuracy in vehicle identification. Combined with multiple digital payment options, the system allows vehicles to pass through toll points without stopping.

Since its launch, travel time between Bangkok and Kanchanaburi has been reduced from nearly two hours to approximately 48 minutes. Weekend traffic volumes have reached around 55,000 vehicles per day, improving both tourism access and logistics efficiency in western Thailand.

M9 Experience Highlights Strong Economic and Environmental Benefits

FETC has also supported Thailand’s Department of Highways (DOH) since 2022 in deploying and operating the M-Flow system on the M9 motorway, including gantry design and operational consulting.

According to DOH data, the system has increased traffic throughput fivefold and saves motorists an estimated 3.33 million hours annually. It has achieved a benefit-cost ratio of 6.94, meaning each dollar invested generates nearly seven dollars in overall societal value.

In environmental terms, the system reduces fuel consumption by approximately 13.91 million liters per year and cuts carbon emissions by more than 36,000 metric tons, contributing to more sustainable transportation.

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SOURCE FETC International

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Critical Link Launches World’s First AI-Driven SOM Recommendation Engine, Powered by Rapidflare

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April 22, 2026

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Critical Link and Rapidflare have jointly launched the world’s first AI-driven System on Module Recommendation Engine. Engineers can now describe their requirements in plain language and receive accurate, tailored SOM recommendations in seconds. Together, the two companies are redefining how electronics teams discover and select embedded solutions.

SAN JOSE, Calif., April 21, 2026 /PRNewswire-PRWeb/ — Critical Link LLC, a leader in system-on-module solutions, has introduced the world’s first AI-driven System on Module Recommendation Engine, powered by Rapidflare’s Rapid Product Selection Agent. The new engine advances Critical Link’s mission to help customers bring embedded products to market faster and more cost-effectively.

Together, Rapidflare and Critical Link are combining their strengths to make the journey from concept to product faster, smarter, and more closely aligned with customer needs. – Amber Thousand, Sr. Director of Marketing, Critical Link

In the electronics industry, selecting the right product often requires manually comparing hundreds of pages of datasheets or relying on rigid parametric search tools. Critical Link’s SOM Recommendation Engine is set to change that. With Rapidflare’s conversational AI agent, customers can describe their requirements in natural language and receive tailored recommendations in a fraction of the time.

“For years customers have asked for a better way to find the right SOM for their application. Launching this AI-driven engine with Rapidflare’s technology is a game changer,” said Amber Thousand, Sr. Director of Marketing at Critical Link. “Their accuracy, domain expertise, and speed of integration made them the clear choice to support our mission.”

Unlike generic AI agents, Rapidflare’s technology is purpose-built for complex product selection workflows. It combines knowledge graph-based reasoning, domain-specific intelligence, and industry guardrails to deliver recommendations that are both fast and reliable for electronics teams.

“The best partnerships happen when your mission aligns with your partner’s mission,” said Navanee Sundaramoorthy, CEO and Founder at Rapidflare. “We’re proud to partner with Critical Link to help make SOM product selection more seamless, intuitive, and efficient for their team and customers.”

Beyond accelerating product selection, the AI engine gives engineers a new way to engage with Critical Link. “We’ve always offered thorough documentation and product support to customers via our website, our engineering wiki, and personal contact. Adding the SOM Recommendation Engine creates a more efficient path for self-discovery, which we see as a growing trend,” said Thousand. “Together, Rapidflare and Critical Link are combining their strengths to make the journey from concept to product faster, smarter, and more closely aligned with customer needs.”

To explore Critical Link’s SOM Recommendation Engine, visit https://www.criticallink.com/som-recommendation-ai-agent/.

To learn more about Rapidflare and its AI-powered product selection solutions, visit Rapidflare’s website: https://www.rapidflare.ai/

About Rapidflare

Rapidflare builds AI-powered domain specific agents for electronics, semiconductors, and other technically complex industries. Its product intelligence powered AI platform gives teams natural-language access to product and engineering knowledge, making it easier to find accurate answers, support customers, and move faster across critical workflows. Rapidflare multiplies the impact of GTM teams by making critical technical knowledge instantly accessible, helping sales, solutions engineering, product marketing, support, and customer success teams move faster and operate with confidence. For more information, visit rapidflare.ai

About Critical Link

Critical Link designs and manufactures CPU-based, FPGA-based, and DSP-based system-on-modules (SOMs) for industrial electronic applications. Its production-ready embedded solutions help customers bring products to market faster and at lower cost by reducing development complexity, risk, and time spent building core processing subsystems from scratch. With a focus on product quality, long-term availability, lifecycle support, and close customer engagement, Critical Link serves OEMs across a wide range of industrial and technically demanding applications. For more information, visit the website: criticallink.com

Media Contact

Balpreet, Rapidflare, 1 2068614231, balpreet@rapidflare.ai, rapidflare.ai

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SOURCE Rapidflare

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COMAU SHOWCASES AUTOMATION SOLUTIONS FOR SOUTHEAST ASIA’S COMMERCIAL VEHICLE INDUSTRY AT GIICOMVEC 2026

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April 22, 2026

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SHANGHAI, April 22, 2026 /PRNewswire/ — Comau participated in the Indonesia International Commercial Vehicle Expo (GIICOMVEC 2026), held in Jakarta, where it engaged with local OEMs and supply chain partners on manufacturing upgrades and the application of automation technologies. During the event, Comau presented its capabilities in body-in-white automation, flexible production systems for multi-model manufacturing, and digital manufacturing solutions, drawing on its experience in managing complex automotive production environments.

Through its participation at GIICOMVEC 2026, Comau further expanded its engagement with the Southeast Asian market. Leveraging its global project experience and strong presence in China, Comau supports complex, high-volume automotive production for both domestic and international OEMs, and combines this experience with local insights to address evolving regional manufacturing requirements.

GIICOMVEC 2026 featured 14 leading commercial vehicle brands from multiple regions, showcasing developments in light commercial vehicles, heavy-duty trucks, buses, and specialty vehicles. As demand continues to grow and industrial modernization accelerates, Indonesia is becoming an increasingly important production base and end market for commercial vehicles in Southeast Asia. At the same time, the expanding presence of Chinese automakers is contributing to a more competitive landscape and a shifting supplier ecosystem.

In this context, manufacturers are managing broader product portfolios and short production cycles. As a result, greater emphasis is being placed on automation solutions that enable efficient multi-model production, improve consistency in body-in-white manufacturing, and support the adoption of digital production management systems.

At the policy level, initiatives such as Making Indonesia 4.0 and the national push toward vehicle electrification are reinforcing the transition toward efficient and sustainable manufacturing. Comau’s proven track record in e-Mobility and battery assembly solutions further aligns with these developments, creating new opportunities to add value across the entire commercial vehicle value chain in Southeast Asia.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/comau-showcases-automation-solutions-for-southeast-asias-commercial-vehicle-industry-at-giicomvec-2026-302748494.html

SOURCE Comau

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