EIH posts its highest quarterly profit in 9 years
E Ink Holdings reported its Q1 2020 results. The company's net profit ($26.23 million) was its highest in nine years. The company expects its growth to continue in Q2 2020 with strong demand for electronic shelf labels and color e-paper displays, mainly for e-readers.
EIH says that the virus pandemic is increasing demand for ESL which allow retailers to update product price displays automatically from a central controller in addition as more students and workers stay home, it increases demand for e-notebooks and e-readers.