X-Fab Silicon Foundris Se (XFABF) Q3 2024 Earnings Call

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WEBVTT 00:00:01.618 -- 00:00:06.259 Hello and welcome to XFAB Quarter 3, 2024 results conference call. 00:00:06.259 -- 00:00:10.080 My name is Alicia and I will be your coordinator for today's event. 00:00:10.080 -- 00:00:13.941 Please note, this call is being recorded and for the duration of the call, your lives 00:00:13.941 -- 00:00:18.783 will be on listen only. However, you will have the opportunity to ask questions at the 00:00:18.783 -- 00:00:23.624 end of the call. This can be done by pressing star one on your telephone keypad to register 00:00:23.624 -- 00:00:28.685 your question. If you require assistance at any point, please press star zero 00:00:28.685 -- 00:00:33.816 and you will be connected to an operator. I will now hand you over to Rudy De Winter, 00:00:33.816 -- 00:00:39.479 CEO, and Alva Morgantini, CFO. Thank you. 00:00:41.122 -- 00:00:44.084 Thank you for the introduction, Alicia. 00:00:44.084 -- 00:00:48.687 In the third quarter, we recorded revenues of $206 00:00:48.687 -- 00:00:53.730 million, down 12% year-on-year, and 1% up 00:00:53.731 -- 00:00:55.593 quarter-on-quarter. 00:00:55.593 -- 00:00:59.104 This compares to a guidance of $205 to $250. 00:01:00.507 -- 00:01:05.791 Revenues in our core markets, automotive, industrial and medical, accounted 00:01:05.791 -- 00:01:08.473 for 190 million, 00:01:08.473 -- 00:01:12.436 flat compared to previous quarter and down 8% 00:01:12.436 -- 00:01:14.436 year-on-year. 00:01:15.038 -- 00:01:18.921 The bookings were up 4% year-on-year, 00:01:18.921 -- 00:01:24.205 with a book-to-bill of 1.05 in the third quarter. 00:01:24.205 -- 00:01:29.187 The backlog came in at 481 million compared to 517 million 00:01:30.586 -- 00:01:35.667 end of the previous quarter. The decrease in backlog is related 00:01:35.667 ...