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UTStarcom Reports Unaudited Financial Results for First Half of 2024
GlobeNewswire News Room· 2024-09-05 18:23
HANGZHOU, China, Sept. 05, 2024 (GLOBE NEWSWIRE) -- UTStarcom (“UT,” “UTStarcom” or the “Company”) (NASDAQ: UTSI), a global telecommunications infrastructure provider, today reported its unaudited financial results and a business update for the six months ended June 30, 2024 (“the first half”). Business Highlights: Expansion order for the mobile transport network of a Mobile Operator in Europe. In 1H 2024, UTStarcom received a new order for an updated NetRing PTN product that includes certain new features r ...
UTStarcom Files 2023 Form 20-F
Newsfilter· 2024-04-30 04:50
HANGZHOU, China, April 29, 2024 (GLOBE NEWSWIRE) -- UTStarcom ("UT" or the "Company") (NASDAQ:UTSI), a global telecommunications infrastructure provider, today filed its Annual Report on Form 20-F for the year ended December 31, 2023 with the U.S. Securities and Exchange Commission. The Form 20-F report is available on the SEC EDGAR website at www.sec.gov or in PDF format at www.utstar.com/sec-filing. Interested parties also may request a hard copy of the report free of charge through written request. About ...
UTStarcom(UTSI) - 2023 Q4 - Annual Report
2024-04-30 04:30
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023. OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SEC ...
UTStarcom Reports Unaudited Financial Results for Second Half and Full Year 2023
Newsfilter· 2024-03-22 18:18
HANGZHOU, China, March 22, 2024 (GLOBE NEWSWIRE) -- UTStarcom (the Company) (NASDAQ:UTSI), a global telecommunications infrastructure provider, today reported its unaudited financial results for the six months and full year ended December 31, 2023, and provided a business update. Business Update 5G transport network portfolio progress. In 2023, UTStarcom continued its cooperation with some mobile operators in China on the development of a next generation disaggregated 5G transport network solution. Followin ...
UTStarcom(UTSI) - 2023 Q4 - Annual Report
2024-03-22 18:14
Exhibit 99.1 UTStarcom Reports Unaudited Financial Results for Second Half and Full Year 2023 Hangzhou, March 22, 2024— UTStarcom (the Company) (NASDAQ: UTSI), a global telecommunications infrastructure provider, today reported its unaudited financial results for the six months and full year ended December 31, 2023, and provided a business update. Business Update • 5G transport network portfolio progress. In 2023, UTStarcom continued its cooperation with some mobile operators in China on the development of ...
UTStarcom(UTSI) - 2023 Q2 - Quarterly Report
2023-08-30 00:00
Exhibit 99.1 UTStarcom Reports Unaudited Financial Results for First Half of 2023 Hangzhou, August 30, 2023— UTStarcom ("UT," "UTStarcom" or the "Company") (NASDAQ: UTSI), a global telecommunications infrastructure provider, today reported its unaudited financial results and a business update for the six months ended June 30, 2023 ("the first half"). Business Highlights: • Progress with China Unicom Research Institute on development of the Disaggregated 5G Transport Network Solution. UT continued work on Ph ...
UTStarcom(UTSI) - 2022 Q4 - Annual Report
2023-04-27 00:00
公司业务风险 - 公司管理层变动可能对业务造成不确定性和干扰[44] - 依赖日本客户和印度客户的销售额占比较大,与Softbank和BSNL的合作关系可能对业务产生重大影响[45] - BSNL对公司产品和服务的及时付款存在风险,截至2022年底,BSNL欠公司约980万美元[46] - 台湾投资委员会的调查和关闭台湾业务可能对公司业务产生显著负面影响[47] - 公司新产品和服务的推出如果无法吸引或保留客户或产生收入,可能会损害公司的增长和运营结果[48] - 政府贸易政策的变化可能限制对公司设备的需求并增加设备成本[49] - 中印之间的贸易紧张局势可能对公司业务产生影响[50] 中国市场风险 - PRC税务机构加强对非居民企业在中国境内企业股权转让的审查[95] - 非居民企业转让中国境内企业股权可能会被重新定性为直接转让中国应税资产[96] - 直接外国投资在电信和有线电视行业受到限制,可能需要与中国业务合作伙伴签订合同安排[97] - 中国市场iPhone销售创下收入纪录为967.7亿美元[110] 公司财务状况 - 公司2022年的经营活动现金流为7.3百万美元,主要受到净亏损、非现金费用等因素的影响[180] - 公司2022年的投资活动现金流为负0.3百万美元,主要用于购买固定资产[182] - 公司2022年的融资活动现金流基本不重要[182] 公司产品和市场 - 公司核心业务是提供电信网络产品、解决方案和服务,重点是提供创新的运营商级分组光学、网络同步和宽带接入产品和解决方案[124] - SkyFlux CPT是公司的下一代通信平台,能够有效管理网络资源,满足5G移动系统等各种传统和新兴应用的复杂要求[125] - 公司在印度市场备受关注,向印度客户BSNL的净销售额约为620万美元,占总净销售额的44%[137] - 公司在日本市场拥有一些最大的网络部署,继续为现有客户提供技术支持和维护服务[137] - 公司在中国市场专注于5G +物联网解决方案的推广,看到该领域对最新产品和解决方案的兴趣和需求增长[137] - 公司在全球探索其他市场,以向新客户提供尖端的电信解决方案[137] - 公司的竞争对手包括思科、诺基亚、中兴等,市场竞争激烈[138] - 公司在日本、印度、中国和南亚地区采取直接销售和营销策略,针对电信运营商和设备分销商[139] 公司治理结构 - 公司董事会由五名董事组成,其中三名非执行董事被认为是“独立董事”[207] - 公司董事会分为三个类别,分别为I类、II类和III类,每年股东大会上只有一个类别有资格连任[208] - 公司董事会分为三个类别,每个类别任期为三年,可能会延迟或阻止管理层变更或控制权变更[209] - 公司审计委员会由三名成员组成,每位成员均符合纳斯达克和SEC的独立标准[210] - 审计委员会审查和批准公司独立注册会计师的年度任命,审查年度审计的范围和费用[211]
UTStarcom(UTSI) - 2023 Q1 - Quarterly Report
2023-03-24 00:00
Exhibit 99.1 UTStarcom Reports Unaudited Financial Results for Second Half and Full Year 2022 Hangzhou, March 24, 2023— UTStarcom ("UT," "UTStarcom" or the "Company") (NASDAQ: UTSI), a global telecommunications infrastructure provider, today reported its unaudited financial results for the six months and full year ended December 31, 2022, and provided a business update. Business Update • Progress in Collaboration with China Unicom Research Institute on Development of 5G Transport Network Solution. Following ...