ChipMOS REPORTS THIRD QUARTER 2024 RESULTS

4.4% Increase in 3Q24 Revenue Compared to 2Q24, 8.7% Growth Compared to 3Q23

3.4% Expansion of 3Q24 Gross Profit Compared to 2Q24

Overall Utilization Rate Remains Healthy at 67%

Net Earnings of NT$0.41 per Basic Common Share or US$0.26 per Basic ADS Compared to Net Earnings of NT$0.62 per Basic Common Share or US$0.39 per Basic ADS in 2Q24

Strong Financial Position and Liquidity with NT$13,776.6 Million or US$435.3 Million Balance of Cash and Cash Equivalents

HSINCHU, Taiwan, Nov. 5, 2024 /PRNewswire-FirstCall/ -- ChipMOS TECHNOLOGIES INC. ("ChipMOS" or the "Company") (NASDAQ:IMOS), an industry leading provider of outsourced semiconductor assembly and test services ("OSAT"), today reported consolidated financial results for the third quarter ended September 30, 2024. All U.S. dollar figures cited in this press release are based on the exchange rate of NT$31.65 against US$1.00 as of September 30, 2024.

All the figures were prepared in accordance with Taiwan-International Financial Reporting Standards ("Taiwan-IFRS").

Revenue for the third quarter of 2024 was NT$6,068.0 million or US$191.7 million, an increase of 4.4% from NT$5,809.6 million or US$183.6 million in the second quarter of 2024 and an increase of 8.7% from NT$5,581.5 million or US$176.4 million for the same period in 2023.

Net non-operating expenses in the third quarter of 2024 were NT$65.3 million or US$2.1 million, compared to net non-operating income of NT$127.6 million or US$4.0 million in the second quarter of 2024, and net non-operating income of NT$230.9 million or US$7.3 million in the third quarter of 2023. Third quarter of 2024 results were impacted by a foreign exchange loss of NT$73 million or US$2.3 million, compared to a foreign exchange gain ...