Magnachip Q4 revenue beats guidance; pivots to pure-play Power, explores Display sale

MAGNACHIP SEMICONDUCTOR Corp

Q4 revenue $63M, above guidance midpoint; gross margin 25.2%, above high end.
GAAP net loss $16.3M ($0.44 diluted loss); adjusted net income $2.6M ($0.07 adjusted EPS).
Full-year 2024 Standard Products revenue +13% YoY; Power IC revenue +50% YoY.
Announced transition to pure-play Power company; exploring strategic options for Display business.
Targets: adjusted EBITDA breakeven by Q4 2025; $300M revenue run-rate, 30% gross margin in 3 years.

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