Issued date: 2018/07/20
Issued by: iST
iST (TWSE:3289) today (Jul 20, 2018) announced its self- clearing financial statement of Q2 2018 on a consolidated basis.
Revenues for Q2 2018 totaled approximately NT$ 851 million, a 14.89% increase QoQ and an 18.55% increase YoY.
Gross profit was about NT$ 190 million, a 16.22% increase QoQ and a 9.83% decrease YoY respectively.
Net operating income was NT$ -5 million, which reduced a 77.57 % loss from last quarter.
Profit after tax attributable to the parent company for Q2 was approximate NT$ 20 million, a 7.63% decrease QoQ and 72.26% YoY respectively.
EPS for Q2 was approximately NT$0.31, which decreased 8.82% QoQ and 72.81% YoY respectively.
Despite the effort of new business, the “MOSFET wafer backend process service” of iST’s second plant in Hsinchu Science Park has yet to translate into meaningful revenues for iST, the revenues of Q2 have reached to the highest level in the monthly history, due to the strong demand of verification market, iST said.
iST further pointed specially on the profits. Although the EPS for Q2 decreased slightly from the previous quarter, the gross profit rate and net operating profit rate both increased compared to Q1.
The “MOSFET Wafer Backend Process Integrated Services” that iST established in Hsinchu Science Park plant 2 with space about 20,000 square meters, has started trial-run services and quality check for customers respectively in H1 2018, iST explained on the new business.
With the quality improvement in recent two months, the yield of MOSFET Wafer Backend Process has reached to 99.5% and has started mass production in H2, which is expected to continuously increase revenues in 2019.
iST(TWSE:3289) Q1 2018 Revenue Report on a consolidated basis.
(Unit: NT$ thousands, except EPS)
| Item | Q1 2018 |
Q1 2017 |
Increase (Decrease) % |
Q4 2017 |
Increase (Decrease) % |
|---|---|---|---|---|---|
| Operating revenue |
850,971 | 717,824 | 18.55 | 740,667 | 14.89 |
| Operating Gross margin |
189,874 | 210,574 | (9.83) | 163,373 | 16.22 |
| Net operating profit and loss | (5,059) | 48,091 | (110.52) | (22,550) | 77.57 |
| Net profit before tax |
16,908 | 68,617 | (75.36) | 9,445 | 79.02 |
| Net profit after tax attributable to the parent company | 19,704 | 71,030 | (72.26) | 21,331 | (7.63) |
| EPS (NT$) |
0.31 | 1.14 | (72.81) | 0.34 | (8.82) |
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, Automotive Electronic Verification Platforms and Signal Integrity Testing Services. 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 iST’s mission of providing integrated solutions to customers, iST not only focuses on its core laboratory services but also enters the mass production services of wafer backend process. http://www.istgroup.com