HTC Incurs NT$2.18 Loss Per Share in Q3

28 Oct

HTC, Taiwanese mobile-phone brand, continued to suffer loss in the third quarter, at a lesser scale of NT$2.18 per scale, reported the company at an online investors’ conference on Oct. 25.

This is the sixth quarter in a row for the company to suffer a deficit, although its sales rose 18% sequentially, or 4% year-on-year, to NT$22.2 billion in the quarter. This is the first sequential sales growth since the first quarter of 2015. In addition, the red ink is lower than loss of NT$3.16 per share in the first quarter and NT$3.7 in the second quarter.

The company’s sales jumped 42% sequentially, or 31% year-on-year, to NT$9.33 billion in September, a 10-month high. Deficit topped NT$9.05 per share in the first three quarters, on sales of NT$55.91 billion, down 41.72% year-on-year.

HTC attributed the better performance in the third quarter to sales growth for mobile phones and VR products, plus control of operating cost. Good reception to VR products, for both consumer and commercial versions, injected a shot in the arm for business, and VR business has received a strong boost from rollout of VR contents platform VIVEPORT in September, which greatly enhances its VR products’ appeal.

Contract production for Google’s Piexl smartphone also brought extra revenue. In addition, Bolt, an upgraded model of HTC 10, has passed the certification of U.S. FCC and may be rolled out in cooperation with U.S. carrier Sprint. However, overshadowed by prospect of continuing deficit in the short term, share price of HTC closed at NT$91.9, down NT$2.5 or 2.65%, in Oct. 25.