MX Q1 2024 Earnings — Magnachip Semiconductor Corporation Revenue & Financial Results | Market Cap Arena

MXMagnachip Semiconductor Corporation

$101M

Q1 2024 Earnings

Technology Semiconductors

Income Statement

Revenue

$43M-23.8% YoY

Gross Profit

$6M14.6% margin

Operating Income

-$9M-21.6% margin

Net Income

-$15M-35.5% margin

EPS (Diluted)

$-0.40

QoQ Revenue Growth

-14.5%

Cash Flow

Operating Cash Flow

-$4M

Free Cash Flow

-$5M

Stock-Based Comp.

$900,000

Balance Sheet

Total Assets

$426M

Total Liabilities

$104M

Stockholders' Equity

$322M

Cash & Equivalents

$172M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$43M	$57M	-23.8%
Gross Profit	$6M	$12M	-47.4%
Operating Income	-$9M	-$22M	+57.0%
Net Income	-$15M	-$21M	+28.2%

Revenue Segments

Standard Products Business

$46M93%

Fab Three Foundry Services

$4M7%