HTC over last few years has seen its profits steadily decline. HTC has predicted it will post an operating loss next quarter, its first since going public in 2002.

The Taiwanese manufacturer expects its operating margin to fall between 0 and negative eight percent in Q3, down from Q2’s 1.5 percent. Gross margin is expected to be in the range of 18 to 21 percent, down from the previous quarter’s 23 percent. Revenues are expected to slip to between NT$50 billion and NT$60 billion (roughly $1.67 billion – $2.01 billion), down on last year and way down on the analyst consensus of around NT$75 billion ($2.51 billion).

Let’s hope the sales of the HTC One and it’s new devices can help turn its fortunes around.