E Ink Holdings reported its financial results for Q3 2017, saying that revenues are at a 4-year high due to sales of 7" e-paper displays for Amazon's latest Kindle Oasis. Revenues reached just over $56 million, up 3.3% from August and up 11.3% from September 2016.
Revenues for Q3 2017 reached $158 million, up 29.8% from Q2 2017 and up 7.8% from Q3 2016. E Ink says that its smart labels, smart card and e-reader displays are all growing fast since the beginning of 2017. The company expects its electronic shelf label sales to peak in the second half of 2017 with a year-on-year growth rate of 20-30% in 2017.
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Posted: Oct 18,2017 by Ron Mertens