Htc Corp ( (HTCKF) ) has released its Q4 earnings. Here is a breakdown of the information Htc Corp presented to its investors.
HTC Corporation, a global innovator in immersive and connected technologies, is renowned for its mobile solutions and VIVE virtual reality hardware. The company is listed on the Taiwan Stock Exchange and has been delivering industry-first products since 1997.
HTC Corporation recently released its financial results for the fourth quarter and the full fiscal year 2024, highlighting a challenging year with significant losses. Despite these financial setbacks, the company has been actively engaging in strategic collaborations and technological advancements.
In the fourth quarter of 2024, HTC reported a revenue of NT$0.95 billion with a gross margin of 39.9%, but faced an operating loss of NT$1.12 billion. For the entire fiscal year, the company generated NT$3.08 billion in revenue with a gross margin of 40.7%, yet incurred an operating loss of NT$4.64 billion. The net loss for the year amounted to NT$3.42 billion, translating to an EPS of -NT$4.11. Despite these financial challenges, HTC has been proactive in showcasing its latest XR device, the VIVE Focus Vision, and promoting digital transformation through innovative technologies.
HTC’s strategic initiatives include collaborations with the Taiwan Creative Content Agency and other partners to enhance the XR creator ecosystem and promote 5G private networks. The company also launched Taiwan’s largest outdoor 5G XR smart venue, demonstrating its commitment to smart transformation and sustainability. HTC’s efforts in environmental, social, and governance (ESG) performance have been recognized with several prestigious awards, underscoring its leadership in sustainability.
Looking ahead, HTC remains focused on driving innovation and sustainability, aiming to overcome current financial challenges by leveraging its technological advancements and strategic partnerships. The company’s management is optimistic about the potential of its immersive technologies and the opportunities they present for future growth.