About Magnachip Semiconductor
Magnachip is a designer and manufacturer of analog and mixed-signal semiconductor platform solutions for communications, IoT, consumer, computing, industrial and automotive applications. The Company provides a broad range of standard products to customers worldwide. Magnachip, with more than 40 years of operating history, owns a portfolio of approximately 1,100 registered patents and pending applications, and has extensive engineering, design and manufacturing process expertise. For more information, please visit www.magnachip.com. Information on or accessible through Magnachip's website is not a part of, and is not incorporated into, this release.
CONTACT:
Yujia Zhai
The Blueshirt Group
Tel. (860) 214-0809
Email Contact
MAGNACHIP SEMICONDUCTOR CORPORATION AND SUBSIDIARIES
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| Three Months Ended |
| Year Ended | ||||||
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| December 31,
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| September 30,
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| December 31,
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| December 31,
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| December 31,
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Revenues: |
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Net sales – standard products business | $ 53,827 |
| $ 62,771 |
| $ 99,510 |
| $ 301,896 |
| $ 433,099 |
Net sales – transitional Fab 3 foundry services | 7,163 |
| 8,428 |
| 10,825 |
| 35,762 |
| 41,131 |
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Total revenues | 60,990 |
| 71,199 |
| 110,335 |
| 337,658 |
| 474,230 |
Cost of sales: |
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Cost of sales – standard products business | 37,150 |
| 45,497 |
| 62,206 |
| 202,347 |
| 283,503 |
Cost of sales – transitional Fab 3 foundry services | 7,742 |
| 8,477 |
| 9,525 |
| 34,047 |
| 37,184 |
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Total cost of sales | 44,892 |
| 53,974 |
| 71,731 |
| 236,394 |
| 320,687 |
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| Gross profit | 16,098 |
| 17,225 |
| 38,604 |
| 101,264 |
| 153,543 |
| Gross profit as a percentage of standard products business net sales | 31.0 % |
| 27.5 % |
| 37.5 % |
| 33.0 % |
| 34.5 % |
| Gross profit as a percentage of total revenues | 26.4 % |
| 24.2 % |
| 35.0 % |
| 30.0 % |
| 32.4 % |
| Operating expenses: |
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| Selling, general and administrative expenses | 12,562 |
| 11,411 |
| 13,255 |
| 50,872 |
| 52,440 |
| Research and development expenses | 13,653 |
| 13,321 |
| 12,197 |
| 52,338 |
| 51,212 |
| Merger-related income, net | — |
| — |
| (49,369 ) |
| — |
| (35,527 ) |
| Other charges, net | — |
| 2,501 |
| (1,349 ) |
| 3,298 |
| 2,011 |
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| Total operating expenses (income) | 26,215 |
| 27,233 |
| (25,266 ) |
| 106,508 |
| 70,136 |
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| Operating income (loss) | (10,117) |
| (10,008) |
| 63,870 |
| (5,244) |
| 83,407 |
| Interest income | 2,420 |
| 1,784 |
| 858 |
| 5,980 |
| 2,609 |
| Interest expense | (269) |
| (278) |
| (132 ) |
| (1,157) |
| (1,371 ) |
| Foreign currency gain (loss), net | 17,492 |
| (12,809) |
| 147 |
| (3,019) |
| (11,853 ) |
| Other income, net | (42) |
| 174 |
| 89 |
| 561 |
| 1,177 |
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| Income (loss) before income tax expense (benefit) | 9,484 |
| (21,137) |
| 64,832 |
| (2,879) |
| 73,969 |
| Income tax expense (benefit) | 6,513 |
| (3,942) |
| 11,221 |
| 5,157 |
| 17,261 |
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| Net income (loss) | $ 2,971 |
| $ (17,195) |
| $ 53,611 |
| $ (8,036) |
| $ 56,708 |
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| Basic earnings (loss) per common share— | $ 0.07 |
| $ (0.38) |
| $ 1.16 |
| $ (0.18) |
| $ 1.26 |
| Diluted earnings (loss) per common share— | $ 0.07 |
| $ (0.38) |
| $ 1.12 |
| $ (0.18) |
| $ 1.21 |
| Weighted average number of shares— |
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| Basic | 44,054,275 |
| 44,865,266 |
| 46,369,520 |
| 44,850,791 |
| 44,879,412 |
| Diluted | 44,731,683 |
| 44,865,266 |
| 47,691,816 |
| 44,850,791 |
| 47,709,373 |
