HTC experienced massive losses during the first quarter of 2019

HTC experienced massive losses during the first quarter of 2019
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.

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7 Comments

1. Arthurhkt

Posts: 723; Member since: Apr 19, 2012

At this point, I will be surprise if HTC still has a new consumer phone to release this year.

2. cncrim

Posts: 1586; Member since: Aug 15, 2011

Pixel 3a and 3a XL make by HTC, thing is look better

6. Rafishant

Posts: 396; Member since: Oct 13, 2015

HTC already sold the Pixel department to Google two years ago. It is no longer involved with HTC.

3. bucknassty

Posts: 1326; Member since: Mar 24, 2017

I pulled out my HTC evo the other day.... HTC... just die already this is a dead horse

5. TBomb

Posts: 1413; Member since: Dec 28, 2012

That would be bad wishes

7. bucknassty

Posts: 1326; Member since: Mar 24, 2017

ive sent them enough good wishes.... just end it already

4. MrMalignance

Posts: 295; Member since: Feb 17, 2013

How is this a story? This is the same article that you've written about 3- 4 times over the past week. Htc has losses, yes, everyone knows this. Your first article about it covered that. Htc losses is a dead horse, quit beating it

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