Home Press Releases iST Q1 2018 Revenue Report

iST Q1 2018 Revenue Report

Home Press Releases iST Q1 2018 Revenue Report

iST Q1 2018 Revenue Report

by yuting

Issued date: 2018/04/20
Issued by: iST

iST (TWSE:3289) today (Apr 20, 2018) announced its self- clearing financial statement of Q1 2018 on a consolidated basis.

Revenues for Q1 2018 totaled approximately NT$ 740 million, a decrease of 7.71% QoQ and increased 23.40% YoY.

Gross profit in Q1 2018 was about NT$ 163 million, a decrease of 27.37% QoQ and 3.08% YoY respectively.

Profit after tax attributable to the parent company for Q1 was approximate NT$ 21 million, a decrease of 60.36% QoQ and 36.26% YoY respectively.

EPS for Q1 was approximately NT$0.33, which decreased 61.18% QoQ and 40.00% YoY respectively.

Despite of the less working days coincided with the Lunar New Year holiday, the revenues of Q1 have only declined 7.71% compared to the record-setting revenues in Q4 2017 (QoQ), and has greatly grew 23.40% compared to the revenues of Q1 2017 (YoY), due to the increasing verification case-in quantity required by the big international makers. iST said.

iST pointed, as the result of seasonal quiet sales in Q1 and the cost of iST’s expansion, the EPS for Q1 2018 was approximately NT$0.33, showed a decline in YoY and QoQ. However, the revenues in Q2 2018 are expected to step up and reach the economics of scale resulting from the increasing the case-in quantity for verification services of Automotive Electronics, Signal Integrity and Advanced Process in Semiconductor Manufacturing and other services required by the international customers began in Q2.

iST further pointed specially on the verification demand of Automotive Electronics, IoT and Advanced Process in Semiconductor Manufacturing.

In Automotive Electronics field, along with the AEC-Q104 specification released by the Automotive Electronics Council (AEC) last month, defining the testing items of Board Level Reliability (BLR). iST has received relevant inquiries from many international chip manufacturers based on its rich experiences on BLR . This expects to boost iST’s future revenues on Automotive electronics verification service.

As for the verification services on IoT, iST has opened a comprehensive cooperation with UL and DEKRA successively in Q1 on the high speed signal transmission testing and certification services including HDMI、MHL、DisplayPort、USB, as well as the IoT services, Wi-Fi. The benefit of cooperation is expected to show in the near future.

In addition, with the expanding purchase scale of semiconductor equipment resulting from the fierce competition between global makers, the Material analysis business of iST is also expected to increase continuously.

iST(TWSE:3289) Q1 2018 Revenue Report on a consolidated basis.

(Unit: NT$ thousands, except EPS)

Item Q1
2018
Q1
2017
Increase
(Decrease)
%
Q4
2017
Increase
(Decrease)
%
Operating
revenue
 740,667  600,212  23.4  802,566 (7.7)
Operating
Gross margin
162,653  167,818  (3.08) 223,956  (27.37)
Net operating profit and loss  (22,768) 18,431  (223.53)  38,613  (158.96)
Net profit
before tax
 9,153 19,551  (53.18)  49,030  (81.33)
Net profit after tax attributable to the parent company  21,274  33,378 (36.26)  53,668  (60.36)
EPS
(NT$)
 0.33  0.55 (40.00)  0.85  (61.18)

PS: Above figures are self-clearing statements, and has not approved by the accountant.

About Integrated Service Technology

Founded in 1994, iST began its business from IC circuit debugging and modification and gradually expanded its scope of operations, including failure analysis, reliability verification, material analysis and so on. iST has offered full-scope verification and analysis services to the IC engineering industry, its customers cover the whole spectrum of the electronics industry from IC design to end products.

In response to rising Cloud Intelligence, Internet of Things (IoT) and Internet of Vehicles (IoV), iST not only focuses on its core services but is also expanding its service offerings based on international trends, such as Automotive electronic verification platforms and high-speed signal transmission integrity services.
http://www.istgroup.com