Nokia recently reported financial results for Q1 2013 and while the company still has a long way to go, things do look promising at this point. Overall operating loss came in at roughly €150 million (nearly $196 million) on revenue of €5.85 billion (around $7.65 billion) during the three month period.

Breaking it down further, the Devices and Services division posted a loss of €42 million ($55 million) while the HERE mapping division lost €97 million ($127 million). These losses were offset, however, by a strong showing from the Siemens Network compared to last year, turning a profit of €3 million ($3.92 million).

Shipments of Nokia’s Lumia phones reached an all-time high during the quarter as the Finnish handset maker shipped 5.6 million devices during the first three months of this year. Interestingly enough, that’s even higher than Q4 2012 which typically trumps all others due to holiday buying. Sales of smart devices in general were down from 86.3 million to 61.9 million but that’s largely due to the fact that Nokia is phasing out devices running Symbian.

Nokia boss Stephen Elop said he was pleased that the company achieved underlying operating profitability for the third consecutive quarter. What’s more, he noted that a new Lumia device that is expected to have hero status with a leading US carrier is coming later this quarter. He didn’t delve into any specifics but most suspect he is referencing the Lumia 928 handset.