iST Hits Record Highs in Revenue and Profit for 2024, EPS NTD 6.5 Reaches Second-Highest in History

Hsinchu, Taiwan – Integrated Service Technology Inc. (iST, TWSE: 3289), a leading IC analysis and verification lab of electronic industry, announced its consolidated financial results for Q4 and the full year of 2024 on January 20, 2025:

1. Q4 2024 Revenue: NT$1.107 billion, down 0.80% QoQ but up 19.79% YoY.
2. Q4 Gross Profit: NT$306 million, a decrease of 8.71% QoQ but an increase of 28.66% YoY.
3. Q4 Operating Profit: NT$ 77 million, down 34.89% QoQ but up 62.12% YoY.
4. Q4 Net Profit Attributable to the Parent Company: NT$91 million, an increase of 6.41% QoQ and 102.29% YoY.
5. Q4 EPS: NT$1.22, up 6.09% QoQ and 103.33% YoY.
6. Consolidated revenue of NT$4.346 billion, up 14.00% YoY.
7. Gross profit of NT$1.216 billion, up 19.49% YoY, with a gross margin of 27.99%.
8. Operating profit of NT$369 million, an increase of 21.47% YoY, setting a new record.
9. Net profit attributable to the parent company of NT$482 million, up 24.98% YoY, also a record high.
10. EPS after tax of NT$6.5, up 26.21% YoY, marking the second-highest in iST’s history.

iST announced its 2024 annual financial report today (January 20), showcasing robust growth momentum. The company’s consolidated annual revenue reached NT$4.346 billion, operating profit NT$369 million, and net profit attributable to the parent company NT$482 million, all setting new historical highs. Earnings per share (EPS) after tax amounted to NT$6.5, marking the second-highest record in the company’s history.

Looking ahead to 2025, iST will continue to strengthen its core technologies and customer services, focusing on market trends and introducing five key solutions. These include automotive electronics verification, space environmental testing, AI high-speed verification, advanced processes and packaging, and iST’s smart reliability center. These efforts aim to help customers shorten product development cycles, enhance product quality, and seize opportunities in emerging technological waves.

In the field of automotive electronics verification, iST highlights the rapid growth of the global automotive semiconductor market, which is projected to exceed USD 88 billion by 2027, with a compound annual growth rate of 12%. To support customers in accelerating the launch of automotive electronic products, iST has not only become a member of the Automotive Electronics Council (AEC) but also obtained the IATF 16949 quality management system certification. These initiatives enable iST to provide verification services encompassing durability and reliability, significantly improving the safety and stability of automotive products.

In terms of space environmental testing, with Asian countries such as Taiwan, Singapore, Thailand, and Vietnam actively investing in low Earth orbit satellite development, iST established Asia’s most comprehensive space environmental testing laboratory in Q4 of 2024. This facility offers ground-to-space testing solutions, including vibration, shock, radiation, and thermal vacuum tests, ensuring the high reliability of satellites and aerospace components in extreme environments. Leveraging its technical advantages, iST aims to assist clients in gaining a foothold in the emerging space market and accelerating the growth of Asia’s space industry.

In the realm of AI high-speed verification, iST focuses on high-frequency signal testing and simulation design evaluations, helping AI products achieve certification and shorten their time-to-market to meet the growing demands for AI computing performance. Additionally, in advanced processes and packaging, iST will prioritize the development of solutions such as CPO (co-packaged optics), TGV (through-glass vias), TSV (through-silicon vias), and 2.5D/3D packaging to ensure the stability and reliability of high-performance computing and optoelectronic products.

iST also plans to launch a smart reliability center by mid-2025. This center will integrate hardware, software, and modular solutions to provide smart monitoring, real-time responses, and globally connected testing services. It will flexibly adjust testing conditions based on the voltage and current requirements of different products, enabling customers to quickly adapt to market changes and ensure the reliability of their products in global markets.

These five high-margin solutions will be the core drivers of iST’s operational growth in 2025. iST will not only deepen its footprint in critical markets such as AI, electric vehicles, space, and semiconductors but also solidify its leading position through technological innovation. By optimizing its profit structure, iST aims to enhance revenue and profitability, ensuring robust growth and strengthening its competitive edge in the high-tech industry.

iST(TWSE:3289) 2024 Q4 and Full-Year Consolidated Financial Performance

(Unit: NT$ thousands, except EPS after tax)

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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