e Ink suffers $33 Million Dollar Loss Q2 2013

e Ink Holdings has had a massive setback with their reported $33.63 million dollar loss last quarter. The company is seeing decreased demand for their e-Reading panels that are the cornerstone of Amazon, Barnes and Noble and Kobo’s e-reading technology. E Ink has seen a constant decline in their last two quarters, due to most of their customer base gravitating towards Android tablets. This quarter, revenue is expected to at least double last quarter's NT$2.93 billion, as many customers are going to release next generation e-Readers. e Ink always sees massive business in Q3 and Q4, as manufacturing kicks into overdrive. Although e-Paper technology accounts for 70% of the companies revalue, they are trying to make a go out of their screens in other commercial spaces. They are seeing modest gains in their signage for airports and transportation industries. They have also debuted new grocery store digital signage that will replace the static price tags. By the end of the year, this new revenue stream is expected to account for 5% of their total earnings. According to the Taipei Times “Last quarter, E Ink booked a one-time severance payment of NT$500 million for a 50 percent workforce layoff at its South Korean LCD manufacturing subsidiary Hydis Technologies Co. The number of Hydis employees has been halved to about 400 from between 800 or 900 before the personal adjustment. Meanwhile e Ink received a record high royalties fee at NT$400 million by licensing Hydis' patents to Sharp, LG Display and other panel makers to make high-resolution LCD panels that are partly used in Apple Inc and Samsung Electronics patents.” e Ink suffers $33 Million Dollar Loss Q2 2013 is a post from: E-Reader News

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