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HTC on Tuesday released its latest unaudited financial figures for the month of February, noting NT$7.22 billion (approx. $238.4 million USD) in revenue for the month of February, down 26.45 percent from the same period last year, and down 25.29 percent from the NT$9.6 billion in revenue it reported during January of this year. The company’s total generated revenue for the year so far, which only includes January and February, is NT$16.89 billion, down 37.20 percent from the NT$26.9 billion in revenue it had already generated by this point last year.

HTC’s fortunes have declined as it has struggled to compete against larger rivals such as Samsung and Apple. The company has so far maintained an ability to create first-class handsets, though sales of some of its newer products, such as the HTC One max, have failed to meet sales expectations.

The company is gearing up to release its latest flagship, the All New HTC One, during a press event on March 25 in New York City. That device is important as the flagship Android smartphone, though HTC has said it plans to put a revitalized focus on the mid-range market, and recently introduced its Desire 816 smartphone during Mobile World Congress in Barcelona.

In its Q4 2013 earnings, HTC projected a poor outlook for the first quarter of this year, with a projected revenue of NT$34 billion and NT$36 billion. With only NT$16.89 billion on the books so far, that’s looking like a tough goal to hit.

Source HTC