E Ink Holdings (EIH) says that it plans to expand its Advanced Color ePaper (ACeP) e-paper production to more sizes and start offering such displays to e-readers in 2020. The company also hopes to find customers in fields such as retailing, smart traffic, logistics, medical care and education.
As Expected, E Ink Holdings (EIH) returned to profitability in Q2 2019 thanks to strong demand for e-paper displays for electronic shelf labels, e-readers and e-notebooks. Revenues in June totaled $45.67 million - up 19% from May but down 16.7% from June 2018.
EIH expects that the strong sales will continue in Q3 (fueled by peak-season demand).
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.
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 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.
The Likebook Mars is now shipping for $239 (note: affiliate link to Amazon.com). This is a high-spec e-reader/tablet that features a 7.8" 1404x1872 (300 PPI) E Ink display, an octa-core RK3368 chipset, 2GB of RAM, 16 GB of storage, microSD and a modified Android OS.
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 Holdings' president, Johnson Lee, says that demand for electronic shelf labels (ESL) displays is high - and in 2018 the company expects ESL displays to surpass e-reader displays in terms of area shipments.
This is very good news for EIH as the e-reader market has stagnated for years - and it is rather surprising for many as we have all been used to consider e-readers to be the main market for e-paper displays.
Here's a short video showing E Ink's booth at SID Displayweek 2018, where the company demonstrated its latest E Ink displays, devices and prototypes. Some of these displays looked very good, especially the new color panels!
E Ink had some very interesting displays in there - including the new medical patch developed with LTS, the high resolution (400 PPI and 600 PPI) E Ink developed together with JDI, a range of new writing pads (from Sony, ReMarkable and Onyx Boox), the GVIDO music stand display, plastic logic's OTFT-powered panels and E Ink's upcoming beautiful color e-paper displays.
E Ink Holdings say that it expects low demand for e-paper displays in the first half of 2018, as the e-reader market is set for a low season as customers are transitioning to new models and are not ordering new displays (but rather use these in their inventories). E-reader displays account for about 70% of E Ink's revenues in 2017.
Displays for e-notebooks and electronics shelf labels are expected to grow in the period, but apparently this won't be enough to offset the low demand for e-reader displays.
E Ink Holdings (EIH) reported its financial results for Q3 2017, with revenues of $158.8 million (up 7.8% from Q3 2016 and 29.8% from Q2 2017) and a net profit of of $38.8 million.
E Ink says that these excellent results were due to a sharp increase in e-reader and e-paper notebook sales and improvements in operation efficiency and production yields. E-reader and notebook sales accounted for 70% of EIH's revenues.