ChipMOS TECHNOLOGIES (Bermuda) LTD. (NASDAQ:IMOS) Q1 2019 Earnings Conference Call Transcript

May 07, 2019 • 08:00 am ET

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ChipMOS TECHNOLOGIES (Bermuda) LTD. (NASDAQ:IMOS) Q1 2019 Earnings Conference Call Transcript

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Presentation
Operator
Operator

Greetings, and welcome to the ChipMOS Technologies incorporated., First Quarter 2019 Results Conference Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. (Operator Instructions) Please note, this conference is being recorded.

I will now turn the conference over to your host today, David Pasquale, Global IR Partners. Please proceed, sir.

Executive
David Pasquale

Thank you, operator. Welcome everyone to ChipMOS' First Quarter 2019 Results Conference Call. Joining us today from the company are Mr. SJ Cheng, Chairman and President; and Ms. Silvia Su, Vice President of Finance and Accounting Management Center. SJ will review business highlights and then provide color on the operating environment. Silvia will then review the company's key financial results.

We're also joined on the call today by Mr. Jesse Huang, Spokesperson and Vice President of Strategy and Investor Relations. All company executives will participate in the Q&A session after management's formal remarks. If you have not yet received a copy of today's results release, please e-mail Global IR Partners using imos@globalirpartners.com or you can get a copy of the press release off of ChipMOS' website at www.chipmos.com.

As with prior quarters, we hosted a call in Mandarin after the close of the Taiwan Stock Market a few hours ago. This is part of the company's ongoing efforts to broaden investor and analyst following in the domestic Asia market given the full Taiwan listing. The prepared comments management will cover here are the same as those covered on the earlier call. The second call is intended to give the company's English-speaking investors the same opportunity to both hear directly from management and to ask questions pertaining to results and the operating environment.

With that said, we must make a disclaimer regarding forward-looking statements. During this call, management may make forward-looking statements within the meaning of Section 27A of the US Securities Act of 1933 as amended and Section 21-E of the US Securities and Exchange Act of 1934 as amended. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual performance, financial condition or results of operations of the company to be materially different from any future performance, financial condition or results of operations implied by such forward-looking statements.

Further information regarding these risks, uncertainties and other factors is included in the company's most recent annual report on Form 20-F, which was filed with the US Securities and Exchange Commission and in the company's other filings with the SEC.

At this time, I'd like to now turn the call over to the company's Chairman and President, Mr. SJ Cheng. Please go ahead, sir.

Executive
Shih-Jye Cheng

Yeah. Thank you, David. Welcome, everyone, to our first quarter 2019 conference call. Hopefully, you all had time to review our earnings release. The biggest takeaway from Q1 are: first, we keep our focus and achieved nice revenue, gross margin and operational profit improvement in Q1 2019 over Q1 2018. Q1 is normally the seasonal low. There are few working days