Holtek Semiconductor (6202) Q2 2024 earnings summary

Executive summary

• Revenue for the six months ended June 30, 2024 was NT$1,126,114 thousand, down 24% year-over-year from NT$1,476,556 thousand.

• Net loss for the six months was NT$81,037 thousand, compared to net income of NT$93,776 thousand in the prior year period.

• Gross margin declined to 39% from 47% year-over-year.

• The company distributed NT$101,776 thousand in cash dividends in 2024.

Financial highlights

• Operating income for the six months was NT$38,081 thousand, a sharp drop from NT$479,664 thousand year-over-year.

• Basic and diluted EPS for the six months were both NT$(0.35), compared to NT$0.41 in the prior year.

• Cash and cash equivalents as of June 30, 2024 were NT$1,074,825 thousand.

• Total assets stood at NT$5,940,202 thousand, with equity at NT$3,714,451 thousand.

Outlook and guidance

• The company adopted new IFRS amendments in 2024 with no significant impact and is evaluating future standards, including IFRS 18, for potential effects.