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.
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.