E Ink posts loss as revenue declines by 63 percent

Posted on Friday, April 27 2012 @ 21:13 CEST by Thomas De Maesschalck

DigiTimes reports E Ink posted a net loss of $26.67 million in Q1 2012, the company's first quarterly loss in 10 quarters. Company chairman Scott Liu says the outlook for the second quarter is conservative, although revenues may improve.

Revenues for the first quarter of 2012 tumbled 63% on quarter to NT$3.84 billion due to off-season effects and inventory adjustments at clients, E Ink explained.

First-quarter gross margin stood at only 0.8% compared to 28.5% recorded in the previous quarter. Decreased shipments of high margin EPD products and low capacity utilization rate contributed to the steep fall in gross margin, the company noted.

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Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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