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 CBC, CNET, Engadget, Huffington Post and the New York Times.