UTStarcom, Inc. (UTSI)

[hondaboost]

UTSI, Revenue: $13 m, down 64%; Gross profit: $2.6 m, Down 78%. Loss: $12 m. Pathetic!!!

First Half 2020 Financial Results

Summary of 1H 2020 Key Financials

1H 2020 1H 2019 Y/Y Change
Revenue $13.7 $38.6 -64.5%
Gross Profit $2.6 $12.0 -78.2%
Operating Expenses $11.9 $14.4 -17.1%
Operating Loss ($9.3) ($2.3) -$7.0
Net Income/Loss ($12.0) $2.1 -$14.2
Basic EPS ($0.34) $0.06 -$0.40
Cash Balance (including Restricted Cash) $48.6 $55.1 -11.7%