HTC reports Q4 2015 financial results - upward trend, but still in the red

HTC has released its financial report for Q4 2015, which in the case of the Taiwanese company is the quarter ending on December 31, 2015 (in the US that same period would be Q1, 2016). The consolidated results show a continuation of a positive trend for HTC, though it's still far from breaking even.

The company reports a TWD 3.4 billion net loss after taxes, or roughly $101 million. That number was $139 million in Q3 and $252 million for the previous three months, so the upward trend is clearly visible. Revenue is quoted at TWD 25.7 billion ($766 million), which puts a halt on the free fall the company had been experiencing for the past year.

This quarter's growth is attributed partially to the warm reception of the HTC One A9 in Asia, the US and Europe, and also the Desire series selling well during the holiday season. The UA HealthBox also got a mention in the report, though being announced in January, it can't really account for any cash brought in during the reported period, if ever.

Source | Via