HTC has completed the first phase of its restructure, with further reorganisation planned to be completed early next year, as the company also revealed it will not give full financial guidance for the coming quarters.

Speaking in a conference call to discuss the company’s Q3 results, Chialin Chang, CFO and president of global sales for the company, said that while it has previously provided detailed financial forecasts, “given the dynamic nature of this business here, we have decided not to provide that”.

Due to the complexity of providing such a report, “we don’t want to create as a side effect undue uncertainty in forecasting every one of the line items”. He also noted that fewer Taiwanese companies are providing such statements.

However, while the executive did not provide any numbers, “I will say the following: we are expecting the Q4 result, as compared with Q3 result, to see an incremental improvement on revenue and net income”.

The removal of the guidance also removes one of the sticks HTC is frequently beaten with: in recent months it has highlighted the challenges the company is facing, which are then confirmed with it full results release.

With HTC announcing a broad restructure, Chang said: “We have gone through the first phase, it was actually a quick phase, of financial restructuring.”

“In terms of the second phase, we are going to have to take a more streamlined, focused approach in terms of where to focus the resources and people so we can complete the entire restructuring,” he continued.

“I wouldn’t say that was cost cutting, it’s more rationalising resources given that we have diversified beyond the smartphone,” he said.

The call also saw HTC reiterating its Q3 numbers, which was a net loss of TWD4.5 billion ($138.7 million), compared with a slim profit in the prior year quarter, on revenue of TWD21.4 billion, down from TWD41.9 billion.

“While demand at the high end remained soft, Q3 results came in at the higher end of expectations,” it said in a statement.