iST Q4 2014 Revenue Report

iST (TWSE:3289) today (Jan 19, 2015) announced its self- clearing financial statement of Q4 2014 on a consolidated basis.

1. Revenues for Q4 2014 totaled NT$ 463 million, an decrease of 8.10% from Q3 and 5.07% increase from the same period in 2013;
2. Net income after tax in Q4 2014 was approximately NT$ 9 million, an decrease of 89.47% from Q3 and a decrease of 80.24% while compared to the same period in 2013;
3. While EPS for Q4 was approximately NT$ 0.27, a decrease of 83.13% from the last quarter, and a decrease of 74.99% compared to the same period in 2013;
4. The revenues for Q1 through Q4 2014 totaled NT$1.84 billion, an increase of 12.81% year over year.
5. The cumulative net income after tax for Q1 through Q4 2014 was approximately NT$240 million, an increase of 217.32% year over year.
6. The EPS for Q1 through Q4 2014 was NT$ 4.77, an increase of 140.91% year over year.

iST said, to cope with the testing demand by the substantial R&D projects, as well as the advanced processing technology and the important business model in 2015, iST has purchased more machines in advance to extend capacity; at the same time, iST has increased the manpower, both which raised the cost and expense ratio in Q4.

iST further pointed, to fulfill the need of customers, iST planned the business layouts early for making more revenues in 2015. Meanwhile, looking back at 2014, the strategy of iST got effect instantly, besides the IC debugging, MEMS analysis, LED, Automotive electronics and System verification has kept updated with the advanced processing technology. On the new fields such as, Material analysis and HDMI signal testing are also fully in place, and satisfied customers with integrated technology and solution kits. Over and above were the factors that brought the revenue in 2014 stands on the highest record and return to the level before the financial tsunami in 2008.

Toward a 2015 vision of revenue, since HDMI and MHL have gradually become the global consumer appliance and handheld product standard specifications, as well as the high demand of LED, Automotive electronics and semiconductor market, and the stable growth of iST’s subsidiary, ITS (Innovative Turnkey Solution Corporation). iST is optimistic at the sales in 2015.

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