HTC’s unaudited 4Q 2013 results show small net profits amidst operating losses

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HTC posted its first losses last quarter, even after the good performance of its flagship device – the One, and was expected to post huge losses this quarter too. Apparently, the Beats buy back seems to have provided some much needed cash for HTC, which has translated directly into small net profits for the company, after taxes. Today, HTC has posted its unaudited Q4 2013 results, with the numbers coming in at NT$42.89 billion(1.43 billion USD) of revenue with operating losses of NT$ 1.56 billion(52 million USD). However, as mentioned earlier, the company made back some of the money it lost on Beats earlier, with 31 million NT$(10.3 million USD) in net profits. These are currently “unaudited” and are usually published as guidance to shareholders before the real deal that will have the entire data.

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