Borqs Technologies Reports Q3 2018 Results
Borqs Technologies, Inc. - Ordinary Shares (BRQS)
US:NASDAQ Investor Relations:
borqs.com/investors-relations
Company Research
Source: GlobeNewswire
Quarterly Revenue was $28.3 million, Net Loss of $2.2 millionNine-Month Revenue was $142.9 million, Net Income of $1.2 millionConference Call on Tuesday November 20, 2018 at 8pm ET Third Quarter 2018 Highlights: Net revenue came in at $28.3 million in Q3 2018, down from $44.3 million in Q3 2017;Net revenue in the first nine months of 2018 increased to $142.9 million from $97.7 million in the same period of 2017; After two strong quarters earlier this year, sales of both business units of the Company decreased in Q3 2018 as compared to the same quarter in 2017: Connected Solutions Business Unit revenue was $22.3 million versus $36.6 millionMVNO Business Unit revenue was $6.0 million versus $7.8 million; Combined gross margin of the Company for the first nine months of 2018 was at 14.3% as compared to 18.0% in the first nine months of 2017, and gross margin for Q3 2018 was 13.6% versus 17.4% in Q3 2017; Net income for the first nine months of 2018 increased to $1.2 million fr
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