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Magnachip Reports Results for Fourth Quarter and Full-Year 2024

1. MX reported Q4 revenue of $63 million, up 24% year-over-year. 2. Gross profit margin improved to 25.2%, signaling financial growth.

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FAQ

Why Bullish?

The significant revenue growth and margin improvement reflect strong operational performance. Historically, similar financial announcements have positively influenced MX’s stock price.

How important is it?

The positive financial results suggest robust market positioning and potential for sustained performance, impacting stock valuation.

Why Short Term?

Immediate market reactions typically follow quarterly results announcements, which can boost investor confidence.

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SEOUL, South Korea--(BUSINESS WIRE)--Magnachip Semiconductor Corporation (NYSE: MX) (“Magnachip” or the “Company”) today announced financial results for the fourth quarter and full-year 2024. YJ Kim, Magnachip's CEO, said, “Our Q4 revenue of $63 million was up 24% year-over-year, and gross profit margin of 25.2% was up 2.5 percentage points as compared to a year ago. For the year, Standard Products business revenue increased 13% year-over-year, in line with our guidance for double-digit growth.

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