ChipMOS Technologies Inc. (IMOS) is experiencing a decline in its stock price today following the release of its fourth-quarter revenue results, which revealed a year-over-year decrease of 5.7%. The company reported Q4 2024 revenue of $164.7 million, down from $174.6 million in the same period last year. This decline is attributed to macro industry pricing and demand headwinds, which have impacted the company's performance. Additionally, December 2024 revenue fell by 5.4% compared to December 2023, further contributing to the negative sentiment around the stock.
Despite the quarterly decline, ChipMOS has projected a 6.3% revenue growth for the full year 2024, indicating optimism for the future. However, the immediate focus remains on the recent revenue shortfall, which has overshadowed the positive outlook for the year ahead.
ChipMOS Technologies Inc. (IMOS) shares are currently trading at $18.41, down 1.69% from the previous close of $18.73.