HTC continues losses in first quarter, but gross margin improves to 37.8%Staff writer, with CNASmartphone brand HTC Corp (宏達電) on Tuesday reported a net loss of NT$760 million (US$25.74 million) in the first quarter, marking the 16th consecutive quarter of losses. Losses per share stood at NT$0.92, compared with NT$0.89 a quarter earlier and NT$1.25 a year earlier, HTC said. National Taichung University of Education personnel use HTC Corp’s virtual reality (VR) equipment at a demonstration of immersive VR classrooms in Taichung on March 10. Photo courtesy of HTC Corp via CNAHowever, HTC’s gross margin in the first quarter rose to 37.8 percent from 33.7 percent in the previous quarter, with analysts attributing the improvement to a better product portfolio. The figure was the company’s highest quarterly gross margin since 2018, when its quarterly gross profit turned positive.
