HSINCHU, Taiwan, Jan. 8, 2016 /PRNewswire-FirstCall/ -- ChipMOS TECHNOLOGIES (Bermuda) LTD. ("ChipMOS" or the "Company'') (NASDAQ: IMOS), an industry leading provider of outsourced semiconductor assembly and test services ("OSAT"), today reported its unaudited consolidated revenue for the month of December 2015 and for the fourth quarter ended December 31, 2015.
Revenue for the fourth quarter of 2015 was NT$4,755.0 million or US$145.0 million, representing a decrease of 1.5% from the third quarter of 2015, and a decrease of 18.0% from the same period in 2014. This is better than the high end of the Company's guidance, which called for revenue to decrease approximately 4% to 9%, as compared to the third quarter of 2015, and as compared to the typical 10% seasonal decline for the same period. The Company also expects gross margin on a consolidated basis to be above the high end of its guidance for the fourth quarter of 2015, which called for gross margin to be 14% to 18%.
Revenue for the month of December 2015 was NT$1,574.7 million or US$48.0 million, a decrease of 0.1% from the month of November 2015 and a decrease of 17.4% from the same period in 2014. All U.S. figures in this release are based on the exchange rate of NT$32.79 to US$1.00 as of December 31, 2015.
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Consolidated Monthly Revenues (Unaudited)
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December 2015
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November 2015
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December 2014
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MoM Change
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YoY Change
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Revenues
(NT$ million)
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1,574.7
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1,576.7
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1,905.5
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-0.1%
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-17.4%
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Revenues
(US$ million)
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48.0
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48.1
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58.1
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-0.1%
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-17.4%
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Consolidated Quarterly Revenues (Unaudited)
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Fourth Quarter 2015
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Third Quarter 2015
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Fourth Quarter 2014
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QoQ Change
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YoY Change
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Revenues
(NT$ million)
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4,755.0
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4,827.1
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5,796.4
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-1.5%
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-18.0%
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Revenues
(US$ million)
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145.0
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147.2
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176.8
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-1.5%
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-18.0%
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ChipMOS' December 2015 consolidated revenues included revenues of ChipMOS TECHNOLOGIES INC. ("ChipMOS Taiwan"), ChipMOS U.S.A., Inc., and ChipMOS TECHNOLOGIES (BVI) LTD. (formerly MODERN MIND TECHNOLOGY LIMITED) and its wholly-owned subsidiary ChipMOS TECHNOLOGIES (Shanghai) LTD.
About ChipMOS TECHNOLOGIES (Bermuda) LTD.:
ChipMOS TECHNOLOGIES (Bermuda) LTD. ("ChipMOS" or the "Company") (NASDAQ: IMOS) (http://www.chipmos.com) is an industry leading provider of semiconductor assembly and test services. With advanced facilities in Hsinchu Science Park and Southern Taiwan Science Parks in Taiwan and Shanghai, ChipMOS and its subsidiaries provide assembly and test services to a broad range of customers, including leading fabless semiconductor companies, integrated device manufacturers and independent semiconductor foundries. The Company's majority-owned
subsidiary, ChipMOS Taiwan, is listed on the Taiwan Stock Exchange under Stock Ticker 8150.
Forward-Looking Statements
Certain statements contained in this announcement may be viewed as "forward-looking statements" within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual performance, financial condition or results of operations of the Company to be materially different from any future performance, financial condition or results of operations implied by such forward-looking statements. Further information regarding these risks, uncertainties and other factors is included in the Company's most recent Annual Report on Form 20-F filed with the
U.S. Securities and Exchange Commission (the "SEC") and in the Company's other filings with the SEC.
Contacts:
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SOURCE ChipMOS TECHNOLOGIES (Bermuda) LTD.