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Q4 Earnings.pdf

utsi_q4_2019_earnings_presentation.pdf

🔗 Source: utstarcom.com

📊 Size: 1.83 MB

👤 Author: Ralph Fong

⬇️ Downloads: 64

Summary

UTStarcom's Q4 2019 revenue was $14.2 million, up 11.4% year-over-year and 8.4% quarter-over-quarter, while full-year 2019 revenue was $65.8 million, down 43.2% year-over-year. The company reported a net loss of $3.6 million in Q4 2019 and $5.8 million for the full year. CEO Tim Ti is taking a temporary leave of absence due to health reasons, and Dr. Zhaochen Huang has been appointed as acting CEO. The company expects significant impact from the COVID-19 pandemic and diminished 5G prospects in China. UTStarcom is streamlining its businesses, discontinuing its goSmart product line, and exiting the retail automation market.

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Description

UTStarcom's Q4 2019 revenue was $14.2 million, up 11.4% year-over-year and 8.4% quarter-over-quarter, while full-year 2019 revenue was $65.8 million, down...

Technical Information

File Format: PDF
File Size: 1.83 MB
Pages: 15
Language: EN
Author: Ralph Fong
Total Downloads: 64
Last Updated: 7 days ago

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