HTC preliminary numbers show a profitable quarter
HTC has come a long way since the company saw its finances dip into unprofitable territory, and while it may be on far stronger financial footing than it was just a couple short years ago, we continue to find ourselves putting its earnings performance under the magnifying glass. After all, while it may have pulled itself back from the brink, it also hasn’t seen any big win propelling it into new levels of profitability – so we come back quarter after quarter, looking to see if numbers are up, down, or just maintaining the status quo. Last time we checked in, HTC was expecting Q1 2015 revenue to sag a bit down to around the $1.3 billion mark, while seeing a very slim decline in profit margins. The final numbers aren’t in just yet, but this week the company has filed some preliminary Q1 figures.
The good news: the quarter’s looking up compared to the same period from one year ago. HTC is reporting unaudited quarterly revenue of about $1.3 billion (right on target), leading to profits of close to $11.6 million. Both of those are up from Q1 2014, and the the revenue figure matches HTC’s stated expectations, but profits may be just a little bit weaker than the company wanted. That said, HTC is still making money, and for a quarter that historically acts as a bit of a post-holiday slump, these figures aren’t half bad.
Maybe the most important quarter for HTC this year will be the next one, with the One M9 out on the open market, not to mention all those other launches going on. Will HTC see some real growth? We’ll know in a few more months.