E-ink Reported Q3 Revenues Down from Last Year
While E-ink usually does their best to tell a less than complete story about their financial state, the slides from E-ink’s investor conference last week (found by E-ink Info) say more than E-ink would like.
The screen maker reported earnings of approximately $133 million USD in the third quarter of 2014, down from $154 million in the same period last year. Both gross and net profit were down, with E-ink reporting a net of around $3.3 million.
E-ink also reported carrying significantly less stock on hand as compared to last year while at the same time boosting its cash reserves and reducing debt.
During that quarter E-ink saw the launch of two new ereaders with next-generation screens: the Kobo Aura H2O, which has a 6.8″ Carta screen, and the Kindle Voyage, which has a 6″ display with a screen resolution of 300ppi.