Borqs Technologies Reports Q2 2018 Results
Borqs Technologies, Inc. - Ordinary Shares (BRQS)
US:NASDAQ Investor Relations:
borqs.com/investors-relations
Company Research
Source: GlobeNewswire
Quarterly Revenue increased 155% over the same period in 2017Net Income increased 308% over the same quarter in 2017 Conference Call on Wednesday August 15, 2018 at 9am ET Second Quarter 2018 Highlights: Net revenue jumped 155% to $56.34 million in Q2 2018 from $22.13 million in Q2 2017;Increases in sales of both business units of the Company from same quarter last year• Connected Solutions Business Unit increased 233% to $48.64 million from $14.62 million;• MVNO Business Unit increased 2.5% to $7.70 million from $7.51 million;Combined gross margin of the Company for the first half of 2018 was at 14.5% as compared to 18.5% in the first half of last year, and gross margin for Q2 2018 was 13.7% versus 25.7% in Q2 2017;Net income for the first half of 2018 increased to $3.40 million from a loss of $0.95 million in the first half of last year, and for Q2 2018 net income was $2.01 million versus a loss of $0.97 million in Q2 2017;EBITDA for the first half of 2018 increased to $8.91 milli
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