Home Press Releases iST October 2023 Revenue Report

iST October 2023 Revenue Report

Home Press Releases iST October 2023 Revenue Report

iST October 2023 Revenue Report

by yuting


Issued Date: 2023/11/10
Issued By: iST

iST (TWSE:3289), an IC analysis and verification lab of electronic industry, today (November 10, 2023) announced its net revenues on a consolidated basis, revenues for October 2023 were approximately NT$306 million, reflecting an increase of 0.18% MoM and a decrease of 6.82% YoY respectively. The cumulative revenue from January to October reached NT$3.193 billion, with a YoY growth of 3.37%.

iST said, in a strategic move to enhance operational efficiency and strengthen competitiveness through effective resource integration, iST optimized resource allocation under coordinated management, technology, talent, and resource sharing. As part of this initiative, Prosperity Power Technology Inc. (ProPowertek) and Innovative Turnkey Solution Corporation (ITS), the two subsidiaries listed in the iSTgroup’s consolidated statement with 81% and 61% shareholding, will be merged in accordance with the provisions of Article 18 of the ” Business mergers and acquisitions act” with ProPowertek as the surviving company. The merger is expected to streamline group operational resources, simplify investment structures, reduce management and operational costs, and enhance overall competitiveness.

iST(TWSE:3289) October 2023 Revenue Report

(Unit: NT$ thousand)

Period October January to October
2023 305,769 3,193,240
2022 328,160 3,089,066
Increase(Decrease) (22,391) 104,174
Increase(Decrease)(%) (6.82%) 3.37%

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 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