secwatch.observer — SEC 8-K summary
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Issuer:     MAGNACHIP SEMICONDUCTOR Corp (MX)
CIK:        0001325702
Form:       8-K
Filed at:   2024-02-28T23:59:59+00:00
Accession:  0001193125-24-050734
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Magnachip Q4 revenue $50.8M, net loss $6.0M; FY2023 revenue down 31.9%
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- Q4 revenue $50.8M near low-end of guidance; GAAP net loss $6.0M (diluted EPS -$0.16) vs. net income $3.0M a year ago.
- Full-year revenue $230.1M (-31.9% YoY); GAAP operating loss $57.6M vs. -$5.2M in 2022.
- Display Solutions revenue $32.1M in 2023, down 55.0% YoY; Power Solutions down 29.0% to $163.6M.
- Ended Q4 with $158.1M cash and no debt; repurchased $8.2M of stock in Q4.
- Guides FY2024 consolidated revenue flat to slightly up; expects double-digit growth in MSS and PAS individually.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1325702/000119312524050734/0001193125-24-050734-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1325702/000119312524050734/d757428d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-050734

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