Gross margin of Macronix for the fourth quarter 2014 was 8%, lower than 17% in the third quarter 2014 and lower than 12% in the fourth quarter of 2013. Gross profit was NT$482 million (US$15.5 million). Gross margin decreased by 9ppt because of inventory write-down and unfavorable product mix.

Net income before tax was NT$-2,285 million (US$-73.7 million), compared to NT$-1,100 million in the third quarter of 2014 and NT$-1,510 million in the fourth quarter of 2013. For the fourth quarter of 2014, the estimated tax provision was NT$9 million (US$0.3 million), the net income after tax was NT$-2,294 million (US$-74 million). EPS was NT$-0.65 (US$-0.02), compared to NT$-0.31 in the third quarter of 2014 and NT$-0.42 in the fourth quarter of 2013. The book value was NT$6.4 per share.

In term of business, ROM and Flash Counted 33% and 57% of the Net Sales Respectively. Sales in the fourth quarter from ROM revenue accounted for 33% of net sales, a decrease of 2% year-over-year and a sequential decrease of 8%. The unit shipments of ROM decreased 10% year-over-year and decreased 12% sequentially.

Flash products accounted for 57% of net sales, a decrease of -0.1% year-over-year and a sequential decrease of 11%. The unit shipments of Flash decreased 2% year-over-year and decreased 18% sequentially.

Sales in FBG products accounted for 10% of net sales, an increase of 26% year-over-year and a sequential decrease of 22%.