Holtek Semiconductor (6202) Q1 2024 earnings summary

Executive summary

• Revenue for Q1 2024 was NT$443.5 million, down 42% year-over-year from NT$760.8 million in Q1 2023.

• Net loss attributable to shareholders was NT$45.3 million, compared to net income of NT$36.7 million in Q1 2023.

• Gross margin declined to 37% from 48% year-over-year.

• Basic and diluted EPS were both NT$(0.20), compared to NT$0.16 in Q1 2023.

Financial highlights

• Operating income was a loss of NT$51.9 million, versus a profit of NT$259.1 million in Q1 2023.

• Cost of goods sold was NT$281.5 million, down from NT$394.4 million year-over-year.

• Other gains and losses increased to NT$27.3 million from NT$18.2 million year-over-year.

• Cash and cash equivalents at quarter-end were NT$769.0 million, down from NT$1,284.2 million a year ago.

Outlook and guidance

• The company is evaluating the impact of IFRS 18, effective January 1, 2027, on its financial reporting.