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Stock impact report

Silvaco's new CFO to prioritize predictability [Yahoo! Finance]

Silvaco Group, Inc. (SVCO) 
Company Research Source: Yahoo! Finance
As the newly-minted CFO of Silvaco, Chris Zegarelli is prioritizing transparent communication with the company's investors, “making sure we message and set proper expectations, and then the business starts to deliver” on what it has committed to delivering, he said. Prior to to Zegarelli's arrival at the the semiconductor design provider last month, the company missed analyst expectations for several quarters. Now the new finance chief, a Broadcom alum, is looking to shore up trust and regain lost ground. “Improving sentiment, making the business more predictable and understandable is a key focus for me,” Zegarelli told CFO Dive in an interview. The Santa Clara, California-based company has faced significant financial headwinds this year. It reported a revenue drop for its second consecutive quarter in Q2; with revenue declining 19% year-over-year to $12 million, according to its Aug. 6 earnings report. However, the company also narrowed its GAAP net loss to $9.4 million for the Show less Read more
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