HTC experienced massive losses during the first quarter of 2019

HTC experienced massive losses during the first quarter of 2019
7
The HTC 10

HTC’s revenue numbers continued to drop massively between January and March 2019, and to no surprise today the company has confirmed that it experienced massive financial losses throughout the period.

Despite seeing an improved gross margin of 14.7% during the quarter – a year earlier HTC’s gross margin was -3.1% – the Taiwan-based company still experienced a worse-than-expected loss of NT$ 2.73 billion ($87.68 million). The primary cause of this huge loss was HTC’s operating expenses, which essentially skyrocketed throughout the first three months of the year. In fact, within the space of 12 months the company’s operating margin has gone from an awful -58.9% to an absolutely horrendous -92.9%, which means, at the moment, HTC is spending almost double what it earns.

Overall, the company generated NT$ 2.94 billion ($94.45 million) in revenue throughout the quarter. Strong performance of HTC’s VR headsets appear to have been the primary source of income, although the company’s smartphone sales did also play an important role.

Looking towards the second quarter of the year, HTC’s newly-announced Exodus 1s blockchain smartphone and the HTC 5G Hub are expected to positively affect the company’s finances. Both the Vive Pro Eye and Vive Focus Plus headsets are set to boost HTC’s sales too, all of which will lead up to the company’s 5G flagship during the second half of the year, as well as a couple of mid-range smartphones.
Six-month unlimited plan is now 57% off
$90
$210
$120 off (57%)
Mint Mobile is now allowing you to get whichever plan you like for either three, six, or 12 months for just $15/mo. If you go for the six-month unlimited service, for instance, you'll now have to pay just $90 upfront instead of $210.
Buy at Mint Mobile
Recommended For You
COMMENTS (7)