Issued Date: 2020/02/10
Issued By: iST
iST(TWSE:3289) today (February 10, 2020) announced its net revenues on a consolidated basis, the revenues of January 2020 were approximately NTD$220 million, which decreased 19.16% of MoM and sharply increased 45.33% YoY, respectively.
iST said, even though the number of working days in January fell sharply due to the Lunar New Year holiday, the verification orders from 5G, advanced manufacturing processes and advanced packaging were still at peak and has leaded the revenues YoY sharply increased 45.33%.
As for the outbreak of the 2019-nCoV, Wuhan Pneumonia), iST said that it is operating normally and has not been affected by the outbreak.
iST further pointed, its services are mainly for the verification at the R&D phase. As long as the customers continue to promote the R&D of advanced technologies, there will be the demand for verification and analysis services. Estimating from the current number of customer orders, although the 5G smartphone may be delayed due to 2019-nCoV outbreak, the advanced verification and development for IC are still ongoing, which brings favorable conditions for iST’s operation and the visibility on current orders is expected through the second quarter.
Look forward to the future, iST expects that the gross margin will gradually increase every quarter and the debt ratio will continue to decline.
iST(TWSE:3289) January 2020 Revenue Report
(Unit: NT$ thousand)
Since December 2019, iST Taiwan has signed a SPA to transfer iST Shanghai to Chinasti. Hence, for a more accurate comparison, the revenues of February 2019 in this table does not include revenues of iST Shanghai.
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