Tower Semiconductor(US:TSEM) Newsfilterยท2025-02-10 12:00Financial Performance - Revenues for Q4 2024 were $387 million, a 5% increase from Q3 2024 and a 10% increase from Q4 2023, achieving an 18% growth from Q1 2024 to Q4 2024 [2] - Gross profit for Q4 2024 was $87 million, up from $84 million in Q4 2023 [3] - Operating profit for Q4 2024 was $46 million, compared to $45 million in Q4 2023 [3] - Net profit for Q4 2024 was $55 million, with earnings per share of $0.49, consistent with Q4 2023 [4] - Full year 2024 revenues were $1.44 billion, with a net profit of $208 million, or $1.87 per share, compared to $1.42 billion and $518 million, or $4.70 per share, in 2023 [5][23] Cash Flow and Investments - Cash flow from operating activities for Q4 2024 was $101 million, while investments in property and equipment were $93 million [4][6] - For the full year 2024, cash flow from operating activities was $449 million, with net investments in property and equipment totaling $432 million [6][29] Strategic Developments - The company discontinued lower margin legacy 150mm flows in Fab1 during Q4 2024, transferring strategic flows to the Fab2 200mm factory to enhance efficiency [7] - The company projects Q1 2025 revenues to be $358 million, indicating a potential 10% year-over-year growth [8] Management Commentary - The CEO expressed satisfaction with the company's progress in launching differentiated platforms and emphasized a focus on sustainable growth and customer innovation [9]