BRQS - Earnings announcements

SANTA CLARA, Calif., Dec. 23, 2024 (GLOBE NEWSWIRE) -- Borqs Technologies, Inc. (OTC:BRQSF, "Borqs" or the "Company")), a global provider of embedded software and products for the Internet of Things (IoT), today announced its financial results for the first half of 2024. Interim financial statements were filed today with the SEC. First-Half 2024 Financial Highlights  For the six months ended June 30, 20242023vs. H1 2023        Revenues ($K)16,77314,992+ 11.9%Gross Margin20.2%19.4%Up 0.8%Operating expenses ($K)7,08211,996- 41.0%Net income (loss) from operations15,023-28,801n/a     For the six months ended June 30, 2024, Borqs reported total net revenues of US$16.77 mill

Revenues reached $52.5 million, 77.7% Year-Over-Year (YOY) growth.Gross margin was 21.2%, an improvement of 1,240 basis points.Adjusted EBITDA reached $4.8 million. SANTA CLARA, Calif., May 15, 2023 (GLOBE NEWSWIRE) -- Borqs Technologies, Inc. (NASDAQ:BRQS, "Borqs", or the "Company"))), a global provider of 5G wireless and Internet of Things (IoT) solutions, today announced its financial results for the year ended December 31, 2022. Key Financial Results (not including the results Holu Hou Energy, LLC ("HHE") which is separately presented as Discontinued Operations) Revenues for the year ended December 31, 2022 increased 77.7% to $52.5 million compared to $29.6 million for the ye

Revenues for the first half 2022 reached $30.1 million, 141% Year-Over-Year (YOY) growth.Revenue forecast for 2022 is $50-55 million, YOY growth of over 69%Backlog currently stands at $50 million for Holu Hou Energy, LLC (HHE), a majority-owned solar & energy storage system subsidiary. SANTA CLARA, Calif., Oct. 21, 2022 (GLOBE NEWSWIRE) -- Borqs Technologies, Inc. (NASDAQ:BRQS, "Borqs", or the "Company"))), a global provider of 5G wireless, Internet of Things (IoT) solutions, and innovative clean energy, today announced its financial results for the six months ended June 30, 2022. Key Financial Results: Revenue for the 6 months ended June 30, 2022 increased by 141% to $30.1 million comp