FX.co ★ ChipMOS Announces Revenue Decline In Q4, Expects Rise In FY24 Revenue

ChipMOS Technologies Inc. (IMOS) announced its fourth-quarter results on Friday, reporting a year-over-year decrease of 5.7%, largely influenced by challenging macroeconomic conditions affecting pricing and demand within the industry.

In this quarter, the company's revenue reached $164.7 million, down from $174.6 million in the previous year.

For December, revenue was recorded at $54.3 million, a 5.4% decrease from the $57.4 million reported for the same period last year.

Looking forward, ChipMOS anticipates a revenue growth of 6.3% for the fiscal year 2024.

As of the pre-market trading session, ChipMOS shares are priced at $18.60, experiencing a decline of 0.69% on the Nasdaq.