ChipMOS REPORTS OCTOBER 2022 REVENUE
ChipMOS TECHNOLOGIES INC. (NASDAQ: IMOS) reported unaudited consolidated revenue of NT$1,574.0 million (US$48.8 million) for October 2022, marking a 1.1% decrease from September and a significant 31.2% decline year-over-year from October 2021. The company acknowledged ongoing industry challenges, including broader end market conditions and inventory adjustments affecting demand levels. Despite these challenges, ChipMOS maintains a robust balance sheet and long-term business catalysts.
- Strong balance sheet indicating financial stability.
- Long-term business catalysts remain in place.
- 1.1% revenue decrease month-over-month.
- 31.2% revenue decrease year-over-year.
HSINCHU, Nov. 10, 2022 /PRNewswire-FirstCall/ -- ChipMOS TECHNOLOGIES INC. ("ChipMOS" or the "Company") (Taiwan Stock Exchange: 8150 and NASDAQ: IMOS), an industry leading provider of outsourced semiconductor assembly and test services ("OSAT"), today reported its unaudited consolidated revenue for the month of October 2022. All U.S. dollar figures cited in this press release are based on the exchange rate of NT
Revenue for the month of October 2022 was NT
The Company noted that while its long-term business catalysts remain firmly in place with a strong balance sheet, it is not immune to the continued broader end market conditions and ongoing inventory adjustments in response to end market demand levels, which are impacting the entire industry.
Consolidated Monthly Revenues (Unaudited) | |||||
October 2022 | September 2022 | October 2021 | MoM Change | YoY Change | |
Revenues (NT$ million) | 1,574.0 | 1,590.9 | 2,289.4 | -1.1 % | -31.2 % |
Revenues (US$ million) | 48.8 | 49.3 | 71.0 | -1.1 % | -31.2 % |
About ChipMOS TECHNOLOGIES INC.:
ChipMOS TECHNOLOGIES INC. ("ChipMOS" or the "Company") (Taiwan Stock Exchange: 8150 and NASDAQ: IMOS) (www.chipmos.com) is an industry leading provider of outsourced semiconductor assembly and test services. With advanced facilities in Hsinchu Science Park, Hsinchu Industrial Park and Southern Taiwan Science Park in Taiwan, ChipMOS is known for its track record of excellence and history of innovation. The Company provides end-to-end assembly and test services to leading fabless semiconductor companies, integrated device manufacturers and independent semiconductor foundries serving virtually all end markets worldwide.
Forward-Looking Statements:
This press release may contain certain forward-looking statements. These forward-looking statements may be identified by words such as 'believes,' 'expects,' 'anticipates,' 'projects,' 'intends,' 'should,' 'seeks,' 'estimates,' 'future' or similar expressions or by discussion of, among other things, strategies, goals, plans or intentions. These statements may include financial projections and estimates and their underlying assumptions, statements regarding plans, objectives and expectations with respect to future operations, products and services, and statements regarding future performance. Actual results may differ materially in the future from those reflected in forward-looking statements contained in this document, due to various factors. Further information regarding these risks, uncertainties and other factors are included in the Company's most recent Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission (the "SEC") and in the Company's other filings with the SEC.
Contacts:
In Taiwan Jesse Huang ChipMOS TECHNOLOGIES INC. +886-6-5052388 ext. 7715 IR@chipmos.com | In the U.S. David Pasquale Global IR Partners +1-914-337-8801 dpasquale@globalirpartners.com |
View original content:https://www.prnewswire.com/news-releases/chipmos-reports-october-2022-revenue-301673960.html
SOURCE ChipMOS TECHNOLOGIES INC.
FAQ
What was ChipMOS' revenue for October 2022?
How does ChipMOS' October 2022 revenue compare to September 2022?
What was the year-over-year revenue change for ChipMOS in October 2022?
What are the main challenges ChipMOS is facing as of October 2022?
Is ChipMOS financially stable despite the revenue decline?
