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