HTC may have ended the year’s second quarter on an unusually high note, but the 94 percent June revenue increase compared to the previous month was not enough to stop the bleeding. After crunching the numbers, the Taiwan-based company has just released its official Q2 2019 financial report, with net losses reaching NT$2.23 billion ($70 million), up from NT$2.09 billion during the same period last year. 

That means the company’s gross margin is up from 2.7 percent and 14.7 percent in Q2 2018 and Q1 2019 respectively to 20.3 percent, marking the sixth consecutive quarterly improvement. Unfortunately, the April – June 2019 timeframe was also the fifth consecutive quarter of heavy net losses for this Android pioneer, which is showing little to no sign of a recovery.