E Ink Holdings made a loss of over $ 25 million last quarter, despite supplying its backlight-free panels to popular e-readers like the Kindle and the Nook. Why the poor showing after ten quarters of solid money-making? The company’s accountants blame “off-season effects” and “inventory adjustments” by customers, which may simply be corporatese for “the screens aren’t selling so well.” Overall revenue tumbled 63 percent compared to the same period in 2011 and the outlook remains “conservative” — although it’s hard to believe that everyone suddenly wants to stay indoors and stare at pixels.
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