E Ink Holdings posted an operating loss of $8.8 million USD in Q1 2018, as it faces a slowdown in e-reader sales and as it increased its operating expenses by 14.3% (this includes the $30 million investment in SES-imageotag). E Ink says that this loss was in line with its expecations, as it knows e-reader vendors are now updating their models and shifting to larger screen sizes (larger than the current 6-inch models).
E Ink says it expects its results to improve in the current quarter, and it believes its 2018 results will be better than its 2017 results.
About 70% of E Ink's revenues come from e-readers, and its second revenue source is electronic shelf labels. The company sees a growth in electronic notebooks (eNotes) which are now its third revenue source.
