EIH will return to profitability in Q2 2019, expects increased shipments in 2019-2020

E Ink Holdings is positive about the company's sales and earnings in 2019, and expects to return to profitability in Q2 2019 following a $3.4 million operational loss in Q1 2019. In the second quarter EIH saw increased shipments of e-paper displays for electronic shelf label (ESL),e-readers and e-notebooks.

EeWrite E-pad photo

In 2019 EIH managed to sign up more than 20 new customers in the education sector and is expecting to increase its e-reader and e-notebook sales to expand in H2 2019 and 2020 as well.

E Ink announced a strategic investment in Plastic Logic HK

E Ink Holdings announced a strategic investment in Plastic Logic HK, a newly formed fabless flexible e-paper display developer and producer based on Plastic Logic's own OTFT driver technology.

Plastic Logic, originally spun out of Cambridge University, has years of experience with e-paper and OTFT technologies, and is currently owned by Russia's RusNano fund. Plastic Logic HK will work closely with E Ink and utilize EIH's supply chain and module facility to improve the cost structure of Plastic Logic's organic ePaper display modules.

E Ink Holdings reports a 25.5% increase in net profits in 2018

E Ink Holdings announced that its net profit increased 25.48% to $84.6 million in 2018 as demand for high-margin electronic shelf labels (ESL) more than compenstated the lower demand for e-reader displays

E Ink Holdings is confident that its business will continue to be strong in 2019. Demand for e-readers will remain weak in H1 2019, which will result in a single-digit drop in total revenues.

Lenovo invests in CLEARink, to jointly develop e-paper tablets

Color e-paper developer CLEARink announced that Lenovo has become an investor in CLEARink, and the two companies will jointly-develop next-generation tablet devices based on CLEARink's displays.

In 2018 CLEARink announced that it has signed a $10 million supply agreement with a leading tablet maker to start supplying tablet displays beginning in 2019. It is likely that this leading tablet maker is Lenovo, which has now became an investor in CLEARink as well.

Ford awards Soofa with $50,000 to deploy its E Ink signs in Miram-Date, Florida

Ford launched a City Of Tomorrow challenge in Miami-Date County, Florida - with a goal to improve mobility in the city. One of the two winners was Soofa - with its solar-powered benches and information display signs. Sofa was awarded with $50,000 and will deploy its signs in up to three neighborhoods in the county.

MIT E Ink Soofa Sign photo

Soofa uses 32" E Ink displays (and a system developed by Visionect) to show bus and train arrival times, alternative modes of transportation available and also local events and activities.

EIH reports strong demand for electronic shelf label, e-reader and signage displays

E Ink Holding's president Johnson Lee says that EIH expects to enjoy strong sales in Q4 2018 - and the growth momentum will continue in 2019. The increased sales will be driven by strong demand for electronic shelf label (ESL) products.

EIH's current production capacity is fully booked - and even though the company is increasing its capacity at its Linkou Taiwan plant, this will not be enough to meet the surging demand. EIH is now considering converting some of its production capacity at its US plant to produce ESL displays (the fab is currently exclusively making e-reader displays).

E Ink Holdings says ESL and e-notebook display shipments growth will offset the expected decline in e-reader display shipments in 2018

E Ink Holdings estimates that its 2018 revenues will be little changed from its 2017 revenues (of about $495 million) as growth in ESL and e-notebook revenues will offset the decline in e-reader demand.

E Ink says that its e-reader customers are "adjusting their product portfolios to changing demand" in 2018 - which reduces demand for new devices and thus demand for its e-reader E Ink displays. Next year, however, e-reader market growth is expected to resume.

E Ink reports improved earnings in Q2 2018

E Ink Holdings reported its Q2 2018 financial results. Operating losses decreased to only $1.73 million (down from $8.5 million in Q1 2018). Royalty income increased almost 80% to $25.8 million - which results in a net profit of almost $28 million.

E Ink says that it expects revenues to grow at a faster rate int he second half of the year, and the company also approved a new plan to streamline its management and improve its operational efficiency.

E Ink Holdings reported an operating loss for Q1 2018

E Ink Holdings posted an operating loss of $8.8 million USD in Q1 2018, as it faces a slowdown in e-reader sales and as it increased its operating expenses by 14.3% (this includes the $30 million investment in SES-imageotag). E Ink says that this loss was in line with its expecations, as it knows e-reader vendors are now updating their models and shifting to larger screen sizes (larger than the current 6-inch models).

E Ink says it expects its results to improve in the current quarter, and it believes its 2018 results will be better than its 2017 results.