HTC Posts 26th Consecutive Quarterly Loss, Q3 Revenue at NT$770 Million, Net Loss at NT$880 Million
HTC Posts 26th Consecutive Quarterly Loss, Q3 Revenue at NT$770 Million, Net Loss at NT$880 MillionIT Home, October 29 - HTC released its financial results for the third quarter of 2024 yesterday, reporting revenue of NT$770 million (approximately RMB 171 million), representing a 0.9% increase quarter-over-quarter but a 29
HTC Posts 26th Consecutive Quarterly Loss, Q3 Revenue at NT$770 Million, Net Loss at NT$880 Million
IT Home, October 29 - HTC released its financial results for the third quarter of 2024 yesterday, reporting revenue of NT$770 million (approximately RMB 171 million), representing a 0.9% increase quarter-over-quarter but a 29.6% decrease year-over-year. HTC's Q3 operating loss reached NT$1.13 billion (approximately RMB 251 million), with a net loss of NT$880 million (approximately RMB 195 million). HTC's Q3 net loss expanded compared to the previous quarter but narrowed compared to the same period last year. This marks the 26th consecutive quarter of losses for HTC.
Furthermore, HTC's cumulative revenue for the first nine months of 2024 reached NT$2.13 billion (approximately RMB 473 million), decreasing by 33.6% year-over-year. Gross margin remained flat at 41%, while operating loss expanded to NT$3.52 billion (approximately RMB 782 million) compared to the same period last year. Profitability stands at -165%, with a net loss of NT$2.6 billion (approximately RMB 577 million), also expanding compared to the same period last year. Earnings per share reached NT$3.12.
HTC was once a prominent player in the early Android smartphone market, launching iconic devices like the HTC HD2, Nexus One, and HTC One. However, the company gradually pivoted to the AR, VR, and XR sectors, also venturing into the metaverse. Despite these efforts, HTC's current development faces challenges.
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Tag: Loss at NT Million HTC Posts 26th Consecutive Quarterly
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