X-FAB Silicon Foundries SE (OTCPK:XFABF)
$ 4.5 0.011 (0.25%) Market Cap: 582.12 Mil Enterprise Value: 655.97 Mil PE Ratio: 5.44 PB Ratio: 0.59 GF Score: 79/100
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Q2 2023 X Fab Silicon Foundries EV Earnings Call Transcript

Jul 27, 2023 / 04:30PM GMT
Release Date Price: $9.75
Operator

Thank you for holding, and welcome, everyone, to the X-FAB quarterly conference call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question-and- answer session. (Operator Instructions)

I will now turn the call over to CEO. Rudi De Winter. Mr. De Winter, please go ahead.

Rudi De Winter
X-FAB Silicon Foundries SE - CEO & Managing Director

Good evening, everyone. Welcome to the second-quarter report. In the past quarters, X-FAB recorded total revenues of $227 million, up 20% year on year and up 9% quarter on quarter. A portion of the revenue, $8.3 million to be precise, is due to recognition of revenue over time, mainly related to long-term contracts with customers in accordance with IFRS 15.

Excluding this event or this effect, quarterly revenues would have been $219 million and in line with the guided $205 million to $220 million. Alba will explain more about your IFRS 15 later. X-FAB core markets: automotive, industrial, medical accounted for $199 million, up 28% year on

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