Hsinchu, Taiwan, R.O.C. – Macronix International Co., Ltd. (TSEC: 2337) today (April.30, 2024) announced the reviewed financial results for the first quarter ended Mar. 31, 2024. All numbers were prepared in compliance with the TIFRS on a consolidated basis.
Summary of the First Quarter 2024(below, “this quarter"):
- Net sales was NT$5,760 million (US$182.1 million).
- Gross profit was NT$1,142 million (US$36.1 million) with 19.8% gross margin.
- Operating loss was NT$ 1,302million (US$ 41.2 million) with -22.6% operating margin.
- Net loss was NT$ 1,079 million (US$34.1 million).
- EPS was NT$-0.58; Book Value per Share was NT$25.79.
This Quarter Financial Highlights:
Net Sales
The Company announced this quarter net sales of NT$5,760 million (US$182.1 million), a decrease of 1% sequentially and a decrease of 19% year-over-year.
Gross Profit and Gross Margin
Gross profit and Gross margin for this quarter was NT$1,142 million (US$36.1 million) and 19.8%, respectively. Gross profit was increased 3% sequentially and decreased 36% year-over-year.
Operating Income and Operating Margin
Operating loss and Operating margin for this quarter was NT$ 1,302 million (US$41.2 million) and -22.6%. Operating loss was increased of 13% sequentially and an increase 196% year-over-year.
Net Income and EPS
Net loss after tax was NT$ 1,079 million (US$ 34.1 million).
EPS was NT$-0.58.
For this quarter, the book value was NT$25.79 per share.
This Quarter Sales Breakdown
Quarterly Consolidated Statements of Income
Safe Harbor Statement
The statement contains certain forward-looking statements with respect to the results of operation, financial condition and current expectation. The forward-looking statements are subject to known and unknown uncertainties and risks that could cause actual results to differ materially from those expressed or implied by such statements.
Such risks and uncertainties include but are not limited to the impact of competitive products and pricing, timely design acceptance by our customers, timely introduction of new technologies, ability to ramp new products into volume, industry wide shifts in supply and demand for semiconductor products, industry overcapacity, availability of manufacturing capacity, financial stability in end markets, and other risks.
The forward-looking statements in this release reflect the current belief of Macronix as of the date of this release and Macronix undertakes no obligation to update these forward-looking statements for events or circumstances that occur subsequent to such date
About Macronix International Co., Ltd.
Macronix, a leading integrated device manufacturer in the Non-Volatile Memory (NVM) market, provides a full range of NOR Flash, NAND Flash, and ROM products. With its world-class R&D and manufacturing capability, Macronix continues to deliver high-quality, innovative and performance driven products to its customers in the consumer, communication, computing, automotive, networking and other segment markets.
For more information, please visit the Macronix's website: www.macronix.com
Contacts:
Vincent Jhao
Macronix International Co., Ltd.
Investor Relations
+886-3-578-6688 ext. 76632
vincentjhao@mxic.com.tw
