ChipMOS REPORTS THIRD QUARTER 2024 RESULTS

Core Insights - ChipMOS TECHNOLOGIES INC. reported a revenue increase of 4.4% in Q3 2024 compared to Q2 2024, and an 8.7% growth compared to Q3 2023 [1][2] - The company experienced a gross profit expansion of 3.4% in Q3 2024 compared to Q2 2024 [1] - The overall utilization rate remained healthy at 67% [1] Financial Performance - Revenue for Q3 2024 was NT$6,068.0 million or US$191.7 million, up from NT$5,809.6 million or US$183.6 million in Q2 2024 and NT$5,581.5 million or US$176.4 million in Q3 2023 [2] - Net profit attributable to equity holders for Q3 2024 was NT$299.4 million or US$9.5 million, down from NT$450.6 million or US$14.2 million in Q2 2024 and NT$580.6 million or US$18.3 million in Q3 2023 [4] - Net earnings per basic common share were NT$0.41 or US$0.01 in Q3 2024, compared to NT$0.62 or US$0.02 in Q2 2024 and NT$0.80 or US$0.03 in Q3 2023 [4] Non-Operating Income and Expenses - Net non-operating expenses in Q3 2024 were NT$65.3 million or US$2.1 million, a decline from net non-operating income of NT$127.6 million or US$4.0 million in Q2 2024 [3] - The results were impacted by a foreign exchange loss of NT$73 million or US$2.3 million in Q3 2024, compared to a foreign exchange gain of NT$25 million or US$0.8 million in Q2 2024 [3] Cash Position - The company maintained a strong financial position with a balance of cash and cash equivalents of NT$13,776.6 million or US$435.3 million [1][5] - Net free cash outflow for the first nine months of 2024 was NT$400.6 million or US$12.7 million, primarily for capacity additions [5] Company Overview - ChipMOS is an industry-leading provider of outsourced semiconductor assembly and test services, with advanced facilities in Taiwan [7] - The company serves fabless semiconductor companies, integrated device manufacturers, and independent semiconductor foundries across various end markets worldwide [7]