Magnachip Semiconductor Corporation reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported revenue was USD 50.82 million compared to USD 60.99 million a year ago. Net loss was USD 6.04 million compared to net income of USD 2.97 million a year ago. Basic loss per share from continuing operations was USD 0.16 compared to basic earnings per share from continuing operations of USD 0.07 a year ago. Diluted loss per share from continuing operations was USD 0.16 compared to diluted earnings per share from continuing operations of USD 0.07 a year ago.
For the full year, revenue was USD 230.05 million compared to USD 337.66 million a year ago. Net loss was USD 36.62 million compared to USD 8.04 million a year ago. Basic loss per share from continuing operations was USD 0.89 compared to USD 0.18 a year ago. Diluted loss per share from continuing operations was USD 0.89 compared to USD 0.18 a year ago.