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.
Demand for color e-paper is higher than expected, and the company is fully booked until August or September. E Ink plans to expand its color e-Paper production capacity to meet demand.
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Posted: May 23,2020 by Ron Mertens