After many quarters of losses mounted up for Taiwanese tech company HTC in the past few years, it finally seems like the tide is turning. According to a report from Reuters, HTC’s preliminary Q1 2015 earnings report shows a net profitability of NT 360 million (around $11.6 million). This is a big change from the company’s previous net loss of NT 1.88 billion (about $60 million) just one year ago.
Additional good news in HTC’s numbers include unaudited revenue of NT 41.52 billion (approximately $1.3 billion), which is up from NT 33.12 billion (around $1.06 billion) over the same period one year ago. This isn’t quite as good as Q4 2014, but these numbers are still excellent – especially when considering the boost that holiday sales typically bring.
This is the second quarter in a row that HTC has posted a profit. It will certainly be interesting to see if the company can keep the momentum going with the HTC One M9, along with its foray into other areas, like the RE camera.[Reuters]