‘SEASONAL EFFECT’:E Ink spokesman Patrick Chang says that shipments in the fourth quarter generally come down after the peak season experienced during the third quarter
Taipei Times
Date: Nov 17, 2017
By: Lisa Wang / Staff reporter
E-paper display supplier E Ink Holdings Inc (元太科技) yesterday forecast that revenue this quarter would be little changed from a year earlier — revenue was NT$3.47 billion during the final quarter last year — as robust demand for e-paper displays for electronic shelf labels and new e-notebooks would offset its exit from the LCD business.
However, the forecast represents a decline in revenue of about 28 percent this quarter from last quarter’s NT$4.79 billion (US$158.83 million).
“The company is seeing the slow demand of seasonal effect in the fourth quarter. As evidenced in most fourth quarters, shipments come down after the demand peak in the third quarter,” E Ink spokesman Patrick Chang (張元培) told a teleconference with investors.
“We expect revenue this quarter to reach a level similar to that of the fourth quarter last year,” he said. [FULL STORY]