According to DigiTimes, HTC released its financial results for the third quarter of 2017 today. The financial results show that HTC had a net loss of NT3.1 billion (approximately $102.63 million, or NT3.8 dollars per share). This is the 10th quarter that HTC has made a financial loss.
HTC’s revenue was NT15.7 billion dollars in the third quarter, and its gross margin rate is 10.3%. The revenue shows a decline of 2/4% in the third quarter compared with the second quarter. HTC has an operating loss of NT3.3 billion dollars, and it has an operating profit margin of -20.9%. In the former three quarters of 2017, HTC’s net loss was NT6.85 billion dollars in total or NT8.64 dollars per share. HTC’s net loss was NT9.05 dollars per share in the former three quarters of 2016.
According to TrendForce, HTC’s smartphone output declined 46% in the third quarter compared with the second quarter due to a lack of new phone models. Industry news claims that HTC’s revenue is estimated to rebound in the fourth quarter, driven by the recently launched U11+. However, it remains to be seen whether HTC can achieve a profit and loss balance.
Besides, HTC has announced that it will invest several millions of dollars to start a series of VR art projects for HTC Vive to promote global VR art and make VR application and content developer, art creator, and pertinent organizations change their method of art creation and experience through HTC Vive and VR technology.
