Business Context and Reporting Period
ChipMOS TECHNOLOGIES INC. (NASDAQ: IMOS), a provider of outsourced semiconductor assembly and test services (OSAT), reported unaudited consolidated revenue for the month of February 2017. The filing was submitted on March 9, 2017. The company operates facilities in Taiwan and serves fabless semiconductor companies, integrated device manufacturers, and foundries.
Key Financial Metrics
The filing provides revenue data but does not disclose profit, cash flow, margins, debt, or liquidity figures for the period.
| Metric | Feb 2017 (Excl. Shanghai) | Jan 2017 (Excl. Shanghai) | Feb 2016 (Excl. Shanghai) |
|---|---|---|---|
| Revenue (NT$ million) | 1,421.0 | 1,556.5 | 1,413.6 |
| Revenue (US$ million) | 46.4 | 50.8 | 46.1 |
| Metric | Feb 2017 (Incl. Shanghai) | Jan 2017 (Incl. Shanghai) | Feb 2016 (Incl. Shanghai) |
| Revenue (NT$ million) | 1,486.0 | 1,635.2 | 1,496.8 |
| Revenue (US$ million) | 48.5 | 53.4 | 48.9 |
Exchange rate used: NT$30.64 to US$1.00 (as of February 28, 2017).
Material Changes
- Month-over-Month: Revenue excluding ChipMOS Shanghai decreased 8.7% from January 2017. Revenue including ChipMOS Shanghai decreased 9.1%.
- Year-over-Year: Revenue excluding ChipMOS Shanghai increased 0.5% from February 2016. Revenue including ChipMOS Shanghai decreased 0.7%.
- Discontinued Operations: ChipMOS Shanghai is classified as a discontinued operation following a Board approval on November 30, 2016, to sell 54.98% of its equity. Revenue from this subsidiary is excluded from the primary reporting table but included in a secondary table for reference.
Outlook, Risks, and Unusual Items
The filing contains no specific financial guidance or management commentary regarding future performance beyond standard forward-looking statement disclaimers. The company notes it will recognize 45.02% of the net income generated from ChipMOS Shanghai upon the closure of the proposed joint-venture agreement. Risks are referenced generally as those discussed in the Form F-4 registration statement.
Investor Verification Checklist
- Verify the status and expected closing date of the ChipMOS Shanghai joint-venture transaction.
- Confirm the impact of the discontinued operation classification on future quarterly reporting.
- Review the Form F-4 registration statement for detailed risk factors not elaborated in this 6-K.
- Monitor subsequent filings for profit, cash flow, and margin data, which are absent in this monthly revenue report.