Issued Date: 2024/03/08
Issued By: iST
Hsinchu, Taiwan, R.O.C. March 8, 2024 – iST (TWSE:3289), an IC analysis and verification lab of electronic industry, today (March 8, 2024) announced its net revenues on a consolidated basis, revenues for February 2024 reaching approximately NT$308 million, reflecting a decrease of 7.24% YoY. Revenue for the first two months of 2024 was NT$681 million, an increase of 2.00% YoY.
iST said, due to the impact of the Lunar New Year holiday, which resulted in fewer working days in February, revenues for February 2024 reflecting a decrease of 7.24% YoY. However, iST further said, it has developed an AI high-speed verification solution that can provide customers with a one-stop service. In addition, its subsidiary, Prosperity Power Technology Inc. (ProPowertek), has passed the strict verification of a major international AI server manufacturer and is expected to see a significant increase in orders in the second quarter. The combined strength of iST and ProPowertek will continue to contribute to revenue growth.
iST(TWSE:3289) February 2024 Revenue Report
(Unit: NT$ thousand)
| Period |
February |
January to February |
|---|---|---|
| 2024 | 308,267 | 680,551 |
| 2023 | 332,313 | 667,201 |
| Increase(Decrease) | (24,046) | 13,350 |
| Increase(Decrease)(%) | (7.24%) | 2.00% |
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 Assurance, 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 the growing future trends, iST has established platforms for 5G/HPC/AI, Automotive Electronics verification, Space Satellite verification, Advanced Processes and Wide-bandgap Semiconductors, LTS ( low-temperature soldering) Process verification platforms, as well as High-speed Transmission Signal Testing, offering comprehensive verification and analysis services.With a commitment to providing complete solutions to customers, iST has expanded its services beyond verification to encompass Wafer Backend Process for mass production service.
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