Issued Date: 2014/10/17
Issued By: iST
iST (TWSE:3289) today (Oct 17, 2014) announced its self- clearing financial statement of Q3 2014 on a consolidated basis.
- Revenues for Q3 2014 totaled NT$ 505 million, an increase of 6.85% and 23.37% respectively, while compared to Q2 and the same period in 2013;
- Net income after tax in Q3 2014 was approximately NT$ 89 million, a slight decrease of 2.13% from Q2 and a substantial growth of 60,563.51% while compared to the losses in Q3 2013;
- While EPS for Q3 was approximately NT$1.61, a slight decrease of 3.05% from the last quarter, and an obviously increase of 1,241.16% compared to the same period in 2013;
- The revenues for Q1 through Q3 2014 totaled NT$1.379 billion, an increase of 15.68% year over year.
- The cumulative net income after tax for Q1 through Q3 2014 was approximately NT$231 million, an increase of 720.56% year over year.
- The EPS for Q1 through Q3 2014 was NT$4.51, an increase of 390.05% year over year.
iST’s CFO and spokesperson, Selina Lin said, the revenue, net income after tax and EPS of Q3 in 2014 still maintained in the second highest record, owing to the growing demands of the reliability test, failure analysis and material analysis for the application of MEMS, smart hand-hold and wearable device in LED market, Automobile electronics and Semiconducting market.
On top of that, the revenue of ITS (Innovative Turnkey Solution), a subsidiary company of iST, getting step by step higher, which kept iST’s sales in a high record.
Selina Lin further pointed out that, the reason for the slight decrease on the Q3 EPS is due to the increase on the capital expenditure and personnel expense of iST Taiwan and China. For covering the growing demands, iST Taiwan purchased the high-end equipment of FA and MA; as well as the relocation and expansion in iST Shanghai in recent months.
iST has observed that when 4K panel production expands gradually, manufacturers of TV sets, STBs and displays have actively launched developments of ultra-high-definition (UHD) products in the current year, attracting the eyes of consumers with images of more exquisite clearness, therefore driving the needs of a new generation of high-speed AV transmission interface.
To cope with this future trend, iST has actively sought the partnership with Simplay Labs and DCP, LLC and have officially been approved as the Simplay Labs HDMI/HDCP ATC partner in Taiwan in the early October 2014. Relevant chip and module developers as well as cable, connector and system manufacturers can now consult iST on the test application and certification procedures of the fully integrated HDMI and HDCP tests.
iST expects this new department could increase the revenue gradually and a sharp growth on sales in 2015.
iST(TWSE:3289) Q3 2014 Revenue Report on a consolidated basis.
(Unit: NT$ thousands, except EPS)
| Item | Q1-Q3 2014 |
Q3 2014 |
Q3 2013 |
Increase (Decrease) % |
Q2 2014 |
Increase (Decrease) % |
|---|---|---|---|---|---|---|
| Operating revenue |
1,379,138 | 504,581 | 409,001 | 23.37 | 472,254 | 6.85 |
| Net operating profit and loss | 249,560 | 98,212 | 10,761 | 812.67 | 98,253 | -0.04 |
| Net profit before tax |
262,708 | 103,620 | 2,933 | 3,432.90 | 101,294 | 2.3 |
| Net profit after tax |
231,364 | 89,486 | (148) | 60,563.51 | 87,619 | 2.13 |
| EPS | 4.51 | 1.61 | 0.12 | 1,241.16 | 1.66 | -3.05 |
PS: Above figures are self- clearing statement, and has not approved by the board of directors.
About Integrated Service Technology
Founded in 1994, iST began its business from IC circuit debugging and modification and gradually expanded its scope of operations to include failure analysis, reliability verification, material analysis, and quality assurance. Through the years, iST has constructed a comprehensive verification and analysis engineering platform, offering full-scope services to the IC engineering industry. iST customers cover the whole spectrum of the electronics industry from IC design to end products.
In response to rising environmental awareness, iST not only focuses on its core services but is also expanding its service offerings based on international trends. iST’s lead-free and halogen-free verification testing, chemical quantitative testing and signal integrity services have all been accredited by multiple international independent third-party organizations including TUV NORD Germany and BSI UK. With increased outsourcing by major international brands, iST now also plays the role of independent quality testing laboratory for OBM outsourcing products and is certified by TI, Dell, Cisco, Delphi, Continental Automotive and Lenovo.
Headquartered in Hsinchu, iST’s pursuit of precision, perfection and efficiency has led it to expand its operations around the world. The iST Group now includes iST Kunshan, iST Shanghai, iST Beijing and iST Shenzhen in China, IC Service in Japan, and an iST laboratory in the US. These are all dedicated to providing customers with prompt, reliable and high-quality technical services in order to grow with the leaders of the world. For more information, please visit the iST website at:www.istgroup.com