HTC returns to profit in second quarter

HTC today published financial details for the second quarter of 2014, showing signs of stabilization for the struggling smartphone maker in the months following the launch of its latest flagship phone. With unaudited quarterly revenue of NT$65.06 billion ($2.173 billion) and a net profit before tax of NT$2.76 billion ($92.3 million), HTC just barely met its Q2 prediction of between NT$65-70 billion. The figure is down on the NT$70.67 billion HTC brought in during the same period last year, but up from the NT$1.8 billion ($60 million) loss it made in the first quarter. The company also revealed monthly revenue figures for June of NT$21.917, up slightly from the previous month's NT$21.065 billion, but down 0.72 percent year-on-year.

So while HTC isn't making big bucks, it's also not losing money. Q2 saw broad availability of the flagship HTC One M8 in important markets like the U.S., as well as the arrival of key mid-range products like the Desire 816 and HTC One Mini 2 in Europe and Asia.

Other details in the quarterly report included operating profit of NT$2.43 billion and net profit after tax at NT$2.26 billion, or NT$2.74 per share.

Source: HTC Investors, HTC

Rich Edmonds