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Benzinga

Business

Anusuya Lahiri

ChipMOS Clocks 4% Revenue Growth in Q1; Margin Expands Amid Inflation, Supply Chain Woes

Inflation IMOS Supply chain ChipMOS TECHNOLOGIES Inc Nasdaq

ChipMOS TECHNOLOGIES INC (NASDAQ:IMOS) reported first-quarter FY22 revenue growth of 4% year-on-year to $235 million. Revenue decreased by 1% Q/Q.
The gross margin expanded 80 bps amid global inflation and supply chain constraints.
Net non-operating income was $8 million versus $0.9 million a year ago.
Earnings per basic ADS were $1.18 versus $0.92 last year.
It held $219.7 million in cash and equivalents and generated $53.7 million in free cash flow.
A dividend of NT$4.3 per share is pending shareholder approval at the May 2022 AGM.
Price Action: IMOS shares traded higher by 1.01% at $32.99 on the last check Thursday.

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