Home iST’s 2019 Q1 Consolidated Results

iST’s 2019 Q1 Consolidated Results

Home iST’s 2019 Q1 Consolidated Results

iST’s 2019 Q1 Consolidated Results

by yuting

Issued date: 2019/05/10
Issued by: iST

iST (TWSE:3289) today (May 10, 2019) announced its financial statement of Q1 2019 on a consolidated basis.

Revenues for Q1 2019 totaled approximately NT$ 677 million, an increase of 2.24% QoQ.

Gross profit in Q1 2019 was about NT$ 65 million.

Net operating loss in Q1 2019 was NT$ 111 million, which was reduced 42.43% loss compared with the previous quarter.

Net loss attributable to parent company after tax for Q1 was approximate NT$ 113 million, which was reduced 40.99% loss compared with the previous quarter.

Negative EPS for Q1 was approximately NT$1.77, which was reduced 41.20% loss compared with the previous quarter.

iST said, the restructure for its internal and external operation health since Q3 2018 is coming to an end, and has reflected in the financial situation in Q1 2019, that is the negative EPS in Q1 2019 has decreased comparing with the last quarter.

Look ahead, the consolidated revenue in April has gradually returned to normal. In addition, iST’s wafer backend process fab (“HSP Building 2”) is now IATF 16949:2016 automotive quality management system certified by third parties. Accredited with the IATF 16949 LOC (Letter of Conformance) for HSP Building 2, iST is qualified and capable of tendering items for the automotive supply chain.

iST’s 2019 Q1 consolidated results

(Unit: NT$ thousands, except EPS)

Item Q1
2019
Q1
2018
Increase
(Decrease)
%
Q4
2018
Increase
(Decrease)
%
Operating
revenue
676,545  740,667 (8.66%) 661,734 2.24%
Operating
Gross margin
64,603  163,373 (60.46%)  (334)  19,442.22%
Net operating profit and (loss) (111,164)  (22,550) (392.97%) (193,083)  42.43%
Net profit and (loss)
before tax
(124,661) 9,445  (1,419.86%)  (264,450)  52.86%
Net profit and (loss) after tax attributable to the parent company (112,642)  21,331  (628.07%)  (190,893)  40.99%
EPS and

(negative EPS)
NT$

(1.77)  0.34  (620.59%)  (3.01) 41.20%
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, signal integrity testing services and wafer backend process integrated services.
http://www.istgroup.com