Magnachip Semiconductor Corporation reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported revenue was USD 61.25 million compared to USD 71.2 million a year ago. Net loss was USD 5.17 million compared to USD 17.2 million a year ago. Basic loss per share from continuing operations was USD 0.13 compared to USD 0.38 a year ago. Diluted loss per share from continuing operations was USD 0.13 compared to USD 0.38 a year ago.
For the nine months, revenue was USD 179.23 million compared to USD 276.67 million a year ago. Net loss was USD 30.58 million compared to USD 11.01 million a year ago. Basic loss per share from continuing operations was USD 0.73 compared to USD 0.24 a year ago. Diluted loss per share from continuing operations was USD 0.73 compared to USD 0.24 a year ago.