Issued Date: 2020/01/10
Issued By: iST
iST(TWSE:3289) today (January 10, 2020) announced its net revenues on a consolidated basis, the revenues of December 2019 were approximately NTD$273 million, which decreased 10.77% MoM and increased 16.76% YoY, respectively.
iST said, it has transferred completely 100% shares of its subsidiary, Integrated Service Technology (Shanghai) CO.,LTD (hereinafter as iST Shanghai) in December in accordance with the Shares Purchase Agreement with Suzhou Sushi Testing Group Co.,Ltd. Thus, the revenues of iST Shanghai will not be included in the consolidated revenues report of iST group, which is the main reason that impacted on the consolidated revenues of December. However, the consolidated revenues of December still increased 16.76% YoY due to the strong demand of customers in verification market.
iST emphasized, the impact on iST headquarters in Taiwan for the long-term revenues will be small although future revenues of iST Shanghai will not be included.
Looking at the future, the top three growth momentum will be including the verification of 5G, advanced manufacturing process and the advanced package. With 5G system begins to launch and the AI (Artificial Intelligence) has been utilized more and more widely, the demands of verification will only be more, not less, which will be the driving force of iST’s business.
iST(TWSE:3289) December 2019 Revenue Report
(Unit: NT$ thousand)
| Period | December | January to December |
|---|---|---|
| 2019 | 272,615 | 3,347,965 |
| 2018 | 233,477 | 3,022,987 |
| Increase(Decrease) | 39,138 | 324,978 |
| Increase(Decrease)(%) | 16.76% | 10.75% |
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