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CONTACTS: |
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In the United States: |
In Korea: |
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Robert Pursel |
Chankeun Park |
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Director of Investor Relations |
Senior Manager, Public Relations |
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Tel. +1-408-625-1262 |
Tel. +82-2-6903-3195 |
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MAGNACHIP SEMICONDUCTOR CORPORATION AND SUBSIDIARIES | ||||||||||||
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CONSOLIDATED STATEMENTS OF OPERATIONS | ||||||||||||
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(In thousands of US dollars, except share data) | ||||||||||||
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(Unaudited) | ||||||||||||
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Three Months Ended |
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June 30, 2015 |
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March 31, 2015 |
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June 30, 2014 |
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Net sales |
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$ |
162,015 |
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$ |
164,885 |
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$ |
172,070 |
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Cost of sales |
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126,729 |
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129,908 |
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136,613 |
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Gross profit |
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35,286 |
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34,977 |
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35,457 |
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Gross profit % |
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21.8 % |
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21.2 % |
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20.6 % |
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Operating expenses |
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Selling, general and administrative expenses |
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28,588 |
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25,030 |
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30,746 |
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Research and development expenses |
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21,931 |
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22,160 |
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24,059 |
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Total operating expenses |
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50,519 |
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47,190 |
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54,805 |
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Operating loss |
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(15,233) |
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(12,213) |
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(19,348) |
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Interest expense, net |
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(3,933) |
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(4,063) |
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(4,007) |
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Foreign currency gain (loss), net |
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(12,296) |
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(3,176) |
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38,424 |
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Other income, net |
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234 |
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556 |
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|
597 |
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Income (loss) before income taxes |
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(31,228) |
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(18,896) |
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15,666 |
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Income tax expenses (benefits) |
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(602) |
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1,133 |
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|
656 |
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Net income (loss) |
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$ |
(30,626) |
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$ |
(20,029) |
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$ |
15,010 |
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Earnings (loss) per common share : |
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- Basic |
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$ |
(0.90) |
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$ |
(0.59) |
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$ |
0.44 |
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- Diluted |
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$ |
(0.90) |
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$ |
(0.59) |
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$ |
0.43 |
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Weighted average number of shares—Basic |
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34,092,402 |
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34,056,468 |
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34,056,359 |
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Weighted average number of shares—Diluted |
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34,092,402 |
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34,056,468 |
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35,177,915 |
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