HTC RELEASES UNAUDITED RESULTS FOR 1Q 2014
Taoyuan, Taiwan – April 7, 2014 – HTC Corporation (TWSE: 2498), a global leader in mobile innovation and design, today reported unaudited consolidated results for its fiscal 2014 first quarter ended March 31, 2014. Unaudited quarterly revenue was NT$33.12 billion and net loss before tax was NT$1.88 billion. Operating loss was NT$2.05 billion, and net loss after tax was NT$1.88 billion, or -NT$2.28 per share based on 823,438 thousand weighted average number of shares.
The Company expects to see positive trajectory of its revenue in April from March and forecasts quarter-on-quarter revenue growth in the second quarter, driven by strong market demand for its new products, including flagship HTC One (M8) and mid-tier flagship Desire 816. The Company expects to return to profitability in the second quarter, as indicated on the earnings call on Feb 10, 2014. Further details on first quarter financial performance and second quarter outlook will be reported on the next earnings call scheduled in early May, 2014.
Founded in 1997, HTC Corporation (HTC) is the creator of many award-winning mobile devices and industry firsts. By putting people at the center of everything it does, HTC pushes the boundaries of design and technology to create innovative and personal experiences for consumers around the globe. HTC’s portfolio includes smartphones and tablets powered by HTC Sense™, a multilayered graphical user interface that vastly improves user experience. HTC is listed on the Taiwan Stock Exchange (TWSE: 2498). For more information, please visit www.htc.com.