E Ink Holdings (EIH) reported its financial results for Q3 2017, with revenues of $158.8 million (up 7.8% from Q3 2016 and 29.8% from Q2 2017) and a net profit of of $38.8 million.
E Ink says that these excellent results were due to a sharp increase in e-reader and e-paper notebook sales and improvements in operation efficiency and production yields. E-reader and notebook sales accounted for 70% of EIH's revenues.
For the next quarter, EIH expects e-reader revenues to be the same as in Q4 2016, but e-paper notebook will continue to increase. Smart labels, smart cards and mobile device display shipments are expected to rise sharply in Q4 compared to last year.
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Posted: Nov 19,2017 by Ron Mertens