iST Q2 2020 Consolidated Results

iST (TWSE:3289) today (July 20, 2020) announced its self-clearing financial statement of Q2 2020 on a consolidated basis.

 

1. Revenues for Q2 2020 totaled approximately NT$ 759 million, an increase of 2.22% QoQ.

2. Gross profit in Q2 2020 was about NT$ 215 million, a decrease of 2.73% QoQ.

3. Net operating profit in Q2 2020 was about NT$ 56 million, a decrease of 31.17% QoQ.

4. Net profit before tax in Q2 2020 was about NT$ 66 million, a decrease of 19.69% QoQ.

5. Net profit attributable to parent company after tax for Q2 2020 was approximately NT$ 75 million.

6. EPS for Q2 was approximately NT$0.80.

 

iST said, the approximate revenues in Q2 were NT$ 759 million, an increase of 2.22% compared to Q1. The accumulated consolidated revenues in the first half year were NT$1.502 billion, an increase of 37.92% YoY.

 

In addition, the net profit attributable to parent company after tax of iST’s Q1 and Q2 was NT$ 145 million, and EPS was NT$1.55, which has exceeded NT$ 77 million and NT$1.10 of the relevant figures in whole 2019 respectively. The above means the half-year profit of iST in 2020 has exceeded the annual one of 2019. The growing business mainly related to the three reasons, i.e., advanced manufacturing process, advanced packaging and demand of 5G chips verification. iST is optimistic at its business in the second half year of 2020 as its case-in number is in a good condition recently.

 

iST is the very first laboratory for verification and tests of electronic industry in Taiwan, providing one-stop verification solutions including Reliability Verification (RA), Failure Analysis (FA), and Material Analysis (MA) to thousands of customers over the past 26 years. iST’s customers cover the whole spectrum of the global electronics industry from IC design house, wafer foundry to packaging and testing factory, it is also a third-party impartial laboratory recognized by many global brands.

 

Since the development of the miniaturization of wafer fabrication in accordance with Moore’s Law and the heterogeneous material integration in advanced packaging, as well as demand for 5G chips verification on R&D stage, orders for RA, FA and MA of iST have been growing continually, which has driven the growth of iST’s business in the first half year of 2020.

 

Look into the future, since Taiwan has been the heart of global semiconductor industry in the post-pandemic era, the verification orders from 5G, AI and HPC of the mobile devices and the cloud server, data center and base station with features of high performance and heat dissipation will be increasing in the second half year of 2020. Where there is a demand for research and development, there will be corresponding requirement for verification to ensure the quality, thus, this will be the driving momentum for iST’s future business.

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