E-Ink Holdings, the company responsible for e-paper technology found on your Kindle, Kobo and Nook has just reported that in 2015 they generated $16.7 million dollars (USD) in profit.
E Ink financial executive Lloyd Chen attributed the upswing in gross margin to a combination of factors: better product portfolio, higher yield rates, lower raw material costs and an improvement in labor and manufacturing costs.
The company derives 70% of its revenue from e-paper displays and the rest stems from licensing fees, digital signage and wearables.
E-Ink is hoping that 2016 will be a bigger year because of their recent partnership with Netronix of Taiwan to develop educational e-books and with two China-based companies – Holitech Technology and Wuxi Wei Feng Technology – to get into the China market.
Michael Kozlowski is the Editor in Chief of Good e-Reader. He has been writing about audiobooks and e-readers for the past ten years. His articles have been picked up by major and local news sources and websites such as the CNET, Engadget, Huffington Post and Verge.