Borqs Technologies Reports Q1 2018 Results
Borqs Technologies, Inc. - Ordinary Shares (BRQS)
US:NASDAQ Investor Relations:
borqs.com/investors-relations
Company Research
Source: GlobeNewswire
Quarterly Revenue jumped 87% over the same period in 2017Overall Gross Margin ImprovementConference Call on Wednesday May 16, 2018 at 9am ET First Quarter 2018 Highlights: Net revenue jumped 87% to $58.3 million in Q1 2018 from $31.2 million of Q1 2017;Increases in sales of both business units of the Company from same quarter last year Connected Solutions Business Unit increased 103% to $50.4 million from $24.8 million;MVNO Business Unit increased 22% to $7.9 million from $6.4 million; Combined gross margin of the Company improved to 15.2% in Q1 2018 from 13.3% of Q1 last year. SANTA CLARA, Calif., May 15, 2018 (GLOBE NEWSWIRE) -- Borqs Technologies, Inc. (Nasdaq:BRQS) (the “Company”), a global leader in embedded software and products for the Internet of Things (IoT), today reported financial results for the quarter ended March 31, 2018. Revenues The Company reported net revenue of $58.3 million for the first quarter of 2018, including $50.4 million from the Connec
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