- "Our results for the first three quarters of 2014 show that we have challenges to overcome," says interim CEO Y.J. Kim in a PR announcing MagnaChip (NYSE:MX) has finished restating its 20111-2013 results and filed 10-Qs for Q1-Q3 of 2014.
- For the nine months ending Sep. 30, 2014, MagnaChip (MX) had revenue of $530.6M (-5% Y/Y) and a GAAP net loss of $1.57/share. The chipmaker ended the period with $125.2M in cash, and $224M in long-term borrowings.
- Shares have plunged to $9.00 AH.
- The 10-Q filings: Q1, Q2, Q3