Business Context and Reporting Period
ChipMOS TECHNOLOGIES INC. (NASDAQ: IMOS), a leading provider of outsourced semiconductor assembly and test services (OSAT), filed this Form 6-K on May 10, 2017. The filing reports unaudited consolidated revenue for the month of April 2017. The company operates facilities in Hsinchu Science Park, Hsinchu Industrial Park, and Southern Taiwan Science Park in Taiwan.
Key Financial Metrics
| Metric | April 2017 | March 2017 | April 2016 |
|---|---|---|---|
| Revenue (NT$ million) | 1,604.1 | 1,582.8 | 1,496.6 |
| Revenue (US$ million) | 53.1 | 52.4 | 49.6 |
| Month-over-Month Change | +1.3% | ||
| Year-over-Year Change | +7.2% |
Note: All figures exclude revenue from ChipMOS Shanghai. The US dollar conversion uses an exchange rate of NT$30.19 to US$1.00 as of April 28, 2017. The filing does not provide data on profit, cash flow, margins, debt, or liquidity for this specific period.
Material Changes
- Revenue Growth: April 2017 revenue increased 1.3% compared to March 2017 and 7.2% compared to April 2016.
- Scope Adjustment: Reported revenue excludes ChipMOS Shanghai following the completion of the transfer of the company's 54.98% equity interest in that subsidiary to Tsinghua Unigroup-led investors on March 24, 2017. Prior period figures have been adjusted to exclude this subsidiary for comparability.
Outlook and Management Commentary
Management scheduled a conference call for May 11, 2017, to discuss full first-quarter 2017 financial results. The filing includes standard forward-looking statements regarding strategy, goals, and future performance, noting that actual results may differ due to various risks and uncertainties detailed in the company's Form 20-F.
Investor Verification Checklist
- Verify the impact of the ChipMOS Shanghai divestiture on future revenue streams and consolidated financial statements.
- Confirm the full Q1 2017 financial results (profit, margins, cash flow) during the scheduled May 11, 2017 conference call, as this filing only covers April revenue.
- Review the company's most recent Form 20-F for detailed risk factors and liquidity positions not included in this monthly report.