Issued date: 2022/10/17
Issued by: iST
iST (TWSE:3289) today (Oct 17, 2022) announced its financial statement of Q3 2022 on a consolidated basis.
1. Revenues in Q3 2022 totaled approximately NT$ 975 million, an increase of 7.04% QoQ, and an increase of 19.50% YoY.
2. Gross profit in Q3 2022 was about NT$ 303 million, an increase of 27.26% QoQ, an increase of 62.42% YoY and the gross profit rate of Q3 is 31.10%.
3. Net operating profit in Q3 2022 was about NT$ 131 million, an increase of 76.79% QoQ, and an increase of 262.30% YoY.
4. Net profit before tax in Q3 2022 was about NT$ 167 million, an increase of 55.95% QoQ, and an increase of 161.59% YoY.
5. EPS before tax in Q3 2022 was approximately NT$2.28, which increased 55.10% QoQ, and an increase of 159.09 % YoY.
According to iST, benefiting from the heated demand for the verification and analysis of automotive chips, advanced processes, advanced packaging, third-generation semiconductors, the subsidiaries of ITS(chip probing & final testing) and ProPowertek(wafer thinning) are gradually reaching operational excellence, and Dekra iST’s doubled profits, its consolidated revenues in Q3 hit a record high of NT$975 million, the pre-tax net profit in Q3 achieved a 1.62-fold increase year-over-year, reaching NT$167 million, and the pre-tax earnings per share in Q3 amounted to about NT$2.28 and also hit a record high for the same period in a single quarter.
The cumulative revenues for the first three quarters of 2022 was NT$ 2761 million, also hitting a record high. The cumulative pre-tax net profit for the first three quarters is NT$371 million and increased by 1.26 times year-over-year. The cumulative pre-tax earnings per share for the first three quarters amounted to about NT$5.00, exceeding the year-round profit in 2021 with excellent operational results.
iST further noted that many semiconductor manufacturers continue to carry out R&D innovation to maintain competitiveness despite their diminished capacity. They will in turn find an outlet to new application fields and get by an economic winter. As long as there is research and development, there is the need for verification and analysis. In view of this, there have been uninterrupted customer orders of commissioned cases that push forward iST’s R&D, verification and analysis, while various verification and analysis projects are also in the pipeline.
It is expected that iST’s operational performance in the future will remain strong.
iST’s 2022 Q3 consolidated results
(Unit: NT$ thousands, except EPS)
| Item | Q3 2022 |
Q3 2021 |
Increase (Decrease) % |
Q2 2022 |
Increase (Decrease) % |
|---|---|---|---|---|---|
| Operating revenue |
975,153 | 816,028 | 19.50% | 910,982 | 7.04% |
| Operating gross profit |
303,289 | 186,736 | 62.42% | 238,317 | 27.26% |
| Net operating profit | 131,012 | 36,161 | 262.30% | 74,104 | 76.79% |
| Net profit before tax |
166,983 | 63,835 | 161.59% | 107,075 | 55.95% |
| EPS before tax NT$ |
2.28 | 0.88 | 159.09% | 1.47 | 55.10% |
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 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.https://www.istgroup.com