ChipMOS Misses On Q1 Revenue, Declares Dividend

ChipMOS TECHNOLOGIES Inc IMOS reported first-quarter FY21 revenue growth of 15.7% year-on-year to $227 million (NT$6.5 billion), missing the analyst estimate of $229.93 million.
The Y/Y growth reflects the company's continued execution of its business strategy, as it leverages previous investments in capacity to meet higher customer demand levels across its key market segments, with a higher average ASP and higher consolidated gross margin.
The gross margin expanded 150 basis points to 24.2%.
Net profit rose 35% Y/Y to $33.7 million (NT$959.1 million), with EPS of $0.93.
It held $196.3 million (NT$5.6 billion) in cash and cash equivalents and generated a free cash flow of $32.4 million (NT$922.3 million).
The board approved a dividend of NT$2.2 per share.
Price action: IMOS shares closed lower by 2.78% at $32.12 on Monday.

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