Sunday , August 20 2017

HTC announces $101 million operating loss

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Despite the popularity of the HTC One, it seems HTC are having a hard time saving their sinking ship. For the first time in the company’s history, HTC’s unaudited consolidated financial statements for Q3 2013 are showing an operating loss of NT$2.97 billion after tax, which works out to be about US$101 million. I don’t know a lot about accounting, but this doesn’t seem like good news for the struggling Taiwanese company.

Breaking the announcement down:

  • Total revenues were NT$47.05 billion (US$1.6 billion)
  • Operating loss before tax was NT$3.5 billion (US$119.4 million)
  • Net loss after tax was NT$2.97 billion (US$101.3 million)
  • Unaudited earnings per share (after tax) were -NT$3.58 (-US$0.12) based on 830,403 thousand weighted average number of shares

HTC predicted this unfortunate result, but hopefully actually seeing it realised will be the kick in the pants the company needs to actually do something about it – like take a good look at the senior management, perhaps.

 
Source: HTC.
Via: Android Central.

James Finnigan  

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4 Comments on "HTC announces $101 million operating loss"

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Sujay Vilash
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Sujay Vilash
HTC Quietly Brilliant .. maybe this is their problem, they are too quiet. They need to make more noise. I was in the Telstra shop yesterday looking at options for my son and the phones that they were showing people without prompting were Samsung Galaxy S4 and the iPhone. HTC didn’t even register in the sales people’s minds. It might be time to start paying these sales people some rebates to ensure HTC gets to the front and centre of their thinking. Sell HTC = Dollars in pocket. Otherwise, HTC will soon have to change their slogan to HTC Quietly… Read more »
Paul
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Paul

If this was a football team they would have sacked the coach long ago. Come on HTC. Do something about your coach!!!!

Henari
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Henari

This is still great news. Without the HTC one, they would be in a much much worse position right now – possibly bankrupt.

Tim
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They keep loosing money and under performing, yet they keep their CEO. I’m sure the money from the chairwoman’s daddy (richest person in Taiwan) can sustain them, but should they consider a new direction? and perhaps a new CEO?

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