HTC's financial report for Q3 '15 is here, the highlight is a net loss of $138 million

HTC's financial report for Q3 '15 is here, the highlight is a net loss of $138 million
To say that the financial situation of HTC is a bit complicated would be an understatement. For the past few months, we've constantly reported about the constantly tumbling profits, as well as the company's plummeting share price and how this made it worthless to its shareholders. Unfortunately, the streak has not been broken and the woes of the Taiwanese company continue: it just posted a report for Q3 of 2015, which reveals that it's still bleeding red ink left and right. 

HTC's net loss for the three-month period that began July 1 and ended on September 30 is NT$4.48 billion, or roughly $138 million. This is in stark contrast with the minor profit it made a year ago (NT$0.6 billion, or ~$18.5 million). HTC's revenue has also dropped significantly year-over-year — from NT$41.9 billion (~$1.29 billion) to NT$21.4 billion (~$658 million). 

There's a silver lining, though - HTC's share price actually went up since the Q3 2015 financial report popped up and stands at $65.80 at the time of writing. This is way above the 10-year anti-record that was achieved on August 24, when HTC's shares sold for $40.35.

As a result, HTC is about to undertake an internal restructuring and, unfortunately for its employees, a round of job cuts. Let's hope that these will help the once-major manufacturer to step back on its feet.

source: HTC via WSJ

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35 Comments

2. UglyFrank

Posts: 2194; Member since: Jan 23, 2014

I genuinely read that as "HTC's financial loss for Q3 '15 is here"

5. zeeBomb

Posts: 2318; Member since: Aug 14, 2014

HTC needs Jesus + the designer who made the m7 to turn this company around

6. TechieXP1969

Posts: 14967; Member since: Sep 25, 2013

HTC IMO hasn't made a good phone since the original Evo which is the name they should have used for their branding, or at least kept with Sprint, and they should have kept the Droid branding with Verizon. Also the original Driod Incredible was a beast too. After those phones HTC phones to me were just boring. Samsung and LG are simply going to be the 2 driving OEM's for Android and everyone else is gonna get scraps.

11. roldefol

Posts: 4744; Member since: Jan 28, 2011

HTC lost its way in 2011-12 and never fully recovered. While Samsung was conquering the landscape with the unified Galaxy S3 juggernaut, HTC was offering a dozen different flagships (including the Incredible and EVO lines you mention) with no unified vision. The One series was a good idea that unfortunately came two years too late. I say this as a former HTC owner and fan: Sorry to see you go, but you dug your own grave.

10. Martin_Cooper

Posts: 1774; Member since: Jul 30, 2013

I guess putting out the same phone for the last 3 years with mediocre camera didn't work well for them. WHO would have ever thought that.. Not to mention overpriced mid range HTC phones.

26. Taters

Posts: 6474; Member since: Jan 28, 2013

It works for Apple.

31. roldefol

Posts: 4744; Member since: Jan 28, 2011

HTC is not, never was, and never will be Apple.

13. TechieXP1969

Posts: 14967; Member since: Sep 25, 2013

Samsung should buy HTC and use them to make budget phones and Samsung just make the Galaxy phones.

16. roldefol

Posts: 4744; Member since: Jan 28, 2011

Why Samsung though? And now that Samsung has discovered design and materials, what do they need HTC for? Samsung has always been able to make budget phones. They should merge with cross-town rival Asus and make a true Taiwanese challenger to Samsung's dominance.

25. Taters

Posts: 6474; Member since: Jan 28, 2013

Samsung doesn't need them and if they were to buy someone for budget phones, BLU or some China company would be a much better investment for that.

14. Dude2014

Posts: 448; Member since: Feb 12, 2014

One X was the beginng of their downfall although it was a good phone except battery. It had a decent camera and the best screen at that time. The problem was their marketing which could not compete against Samsung and other OEMs.

15. MrElectrifyer

Posts: 3960; Member since: Oct 21, 2014

Poor HTC...fix that camera and cut down the greed (i.e. fix the price like Motorola/Lenovo/Asus), then there'll be reasons to go for HTC over a Samsung...

17. addy_boy110

Posts: 1; Member since: Oct 05, 2015

I guess HTC deserves it. I am one of those few fools who bought the Desire 826 based on its good hardware and price range (INR 26,000). I just wanted a bang for my buck & figured to buy a so called PREMIUM phone at a budget friendly price. Just after 1 month of use my display gave away & my phone had to be replaced (which took around 4 weeks!!!.....f**kall service by HTC). Now again the replaced phone's display is malfunctioning.....it works perfectly sometimes and just goes crazy on its own. I am definitely NOT buying HTC ever again!!

18. flavius22

Posts: 218; Member since: Aug 23, 2015

They really did history with HTC one (M7). They set a trend for uni body aluminium(see iphone 5 and 6) but they can't find their way lately. And this weaker competition is affecting everyone of us, android or ios users.

22. coldspring22

Posts: 349; Member since: Feb 28, 2015

Surely not IOS, Apple doesn't compete with anyone except against itself (or so fanboys claim). In apple world, iphone is peerless and there is no legitimate competitors (but Apple likes to sue heck out of everyone as suing is one of their core business)

35. flavius22

Posts: 218; Member since: Aug 23, 2015

Yes, but they take good things from the competition. The edges of the screen from iphone 6 is from samsung s3. The aluminium uni body. The speed. The richness of the features. The screen size. The camera senzor size. Competition is good for everyone of us.

20. FrankUnderwood2

Posts: 243; Member since: Oct 01, 2015

I am glad that HTC is going down. Some people need to learn their lesson the hard way.

21. Af1rPA

Posts: 712; Member since: Jun 12, 2014

Camera, bezels, stupid black bar with the logo, glossy plastics and high prices. How hard is that to fix seroiusly .

36. burekbrigada

Posts: 25; Member since: Dec 19, 2014

Camera: 1,5 Billions $ and approx 3 years - read about LG efforts for fixing their cameras. bezels: only valid argument. Not easy but certainly doable. stupid black bar with the logo, glossy plastics: Easy but unimportant really (for vast majority) high prices: Not valid anymore. Not because HTC finally priced their phones sane, but because it CAN NOT - bank credits for sinking ship are very, very expensive and they need money for daily operations.

23. jeroome86

Posts: 2314; Member since: Apr 12, 2012

Maybe Samsung could by HTC for their Sence skin. It's considered superior to Touchwiz.

27. Taters

Posts: 6474; Member since: Jan 28, 2013

I liked sense on the M8 but everyone has caught up pretty much. And they could use stock Android for free.

29. BLSEOTB

Posts: 334; Member since: Mar 24, 2015

Next flagship $500 or bust

30. roldefol

Posts: 4744; Member since: Jan 28, 2011

I still wouldn't advise anyone to buy one. HTC may not even be here in a year to issue software updates.

32. avishekmukherjee

Posts: 362; Member since: Apr 09, 2015

Very tough for HTC to make money :(

34. kabhijeet.16

Posts: 892; Member since: Dec 05, 2012

CAMERA.. CAMERA.. CAMERA.. CAMERA.. CAMERA.. CAMERA.. Dont you fools @HTC understand that everything about your device (build, android, HTC sense UI, specifications) is top notch, EXCEPT CAMERA.....????? That is why you are in LOSSSSSSS....

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