Silicom Reports Q1 2021 Financial Results
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Silicom Ltd. (NASDAQ: SILC)
, a leading provider of high-performance networking and data infrastructure solutions, today reported its financial results for the first quarter ended March 31, 2021.
Financial Results
Silicom's revenues for the first quarter of 2021 totalled $29.0 million, up 31% compared with $22.1 million for the first quarter of 2020.
On a GAAP basis, net income for the quarter totalled $2.6 million, or $0.37 per diluted share ($0.38 per basic share), compared with $1.5 million, or $0.20 per share (basic and diluted), for the first quarter of 2020.
On a non-GAAP basis (as described and reconciled below), net income for the quarter totalled $3.0 million, or $0.42 per diluted share ($0.43 per basic share), compared with $2.3 million, or $0.31 per share (basic and diluted).