Holtek Semiconductor (6202) Q3 2024 earnings summary

Executive summary

• Report covers consolidated financial results for the nine months ended September 30, 2024 and 2023, with a qualified review opinion due to certain non-significant subsidiaries not being reviewed by independent auditors.

• The group is primarily engaged in the research, development, production, and sales of integrated circuits, operating globally with significant presence in China and Taiwan.

Financial highlights

• Revenue for the nine months ended September 30, 2024 was NT$1,809,409 thousand, down from NT$2,107,840 thousand year-over-year.

• Net loss for the nine months ended September 30, 2024 was NT$152,142 thousand, compared to net income of NT$129,396 thousand for the same period last year.

• Gross margin decreased to 39% from 45% year-over-year for the nine-month period.

• Basic and diluted EPS for the nine months ended September 30, 2024 were both NT$(0.67), compared to NT$0.57 in 2023.

• Cash and cash equivalents at September 30, 2024 were NT$713,686 thousand, down from NT$1,057,911 thousand at September 30, 2023.

Outlook and guidance

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