ChipMOS Technologies Inc. (IMOS) announced its fourth-quarter results on Friday, reporting a year-over-year decrease of 5.7%, largely influenced by challenging macroeconomic conditions affecting pricing and demand within the industry.
In this quarter, the company's revenue reached $164.7 million, down from $174.6 million in the previous year.
For December, revenue was recorded at $54.3 million, a 5.4% decrease from the $57.4 million reported for the same period last year.
Looking forward, ChipMOS anticipates a revenue growth of 6.3% for the fiscal year 2024.
As of the pre-market trading session, ChipMOS shares are priced at $18.60, experiencing a decline of 0.69% on the Nasdaq.
