ChipMOS TECHNOLOGIES INC (NASDAQ:IMOS) Q4 2022 Earnings Conference Call February 23, 2023 2:00 AM ET
Company Participants
G.S. Shen - Investor Relations
S.J. Cheng - Chairman and President
Silvia Su - Vice President, Finance and Accounting Management
Jesse Huang - Spokesperson and Senior Vice President-Strategy and Investor Relations
Conference Call Participants
Angela Dai - Credit Suisse
Operator
Greetings, and welcome to the ChipMOS Fourth Quarter and Full Year 2022 Results Conference Call. [Operator Instructions]
I would now like to turn the conference over to Dr. G.S. Shen of ChipMOS TECHNOLOGIES Strategy and Investor Relations team to introduce the management team of the company in conference.
Dr. Shen, you may begin.
G.S. Shen
Thank you, operator. Welcome, everyone to ChipMOS Fourth Quarter and Full Year 2022 Results Conference Call. Joining us today from the company are Mr. S.J. Cheng, Chairman and President; and Ms. Silvia Su, Vice President of Finance and Accounting Management Center. We are also joined on the call today by Mr. Jesse Huang, Spokesperson and Senior Vice President of Strategy and Investor Relations. S.J. will chair the meeting and review business highlights and provide color on the operating environment. After Silvia's review of the company's key financial results, S.J. will provide our current business outlook. All company executives will then participate in an open Q&A session. Please note, we have posted a presentation on the MOPS and also on the ChipMOS' website, www.chipmos.com to accompany today's conference call.
Before we begin the prepared comments, we advise you to review our forward-looking statements disclaimer, which is noted as the safe harbor notice on the second page of today's presentation. As a reminder, today's conference call is being recorded, and a replay will be made available later today on the company's website.
At this time, I'd like to now turn the call over to our company's Chairman and President, Mr. S.J. Cheng. Please go ahead, sir.
S.J. Cheng
Yes. Thank you, G.S. We appreciate everyone joining our call today. 2022 was a year of opportunities and challenges; COVID, inflation and inventory issues impacted all industries and markets. For ChipMOS, we ended 2022 year in a very strong financial position with liquidity. We will remain conservative and continue to monitor the broader trends and inventory levels. We will also remain focused on supporting our customers and driving growth when volumes rebound. In terms of Q4 2022, our Q4 revenue was down 10.8% from Q3 2022 and down 14.2% in 2022 revenue. Q4 gross margin came in at 14.5%, decreased 100 basis points compared to Q3 and decreased 560 basis points for 2022 to 20.9% compared to 2021 with net earnings of TWD 0.22 in Q4 or TWD 4.64 for 2022.