Complete financial analysis of Borqs Technologies, Inc. (BRQS) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Borqs Technologies, Inc., a leading company in the Software – Application industry within the Technology sector.
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Borqs Technologies, Inc. (BRQS)
About Borqs Technologies, Inc.
Borqs Technologies, Inc. provides Android-based smart connected devices and cloud service solutions in the United States, India, China, and internationally. The company offers commercial grade Android platform software and service solutions to address vertical market segment needs through the targeted BorqsWare software platform solutions. Its BorqsWare software platform consists of BorqsWare Client software that has been used in Android phones, tablets, watches, and various Internet-of-things devices; and BorqsWare Server software platform, which includes back-end server software that allows customers to develop their own mobile end-to-end services for their devices. In addition, it provides IVI solutions, machine to machine solutions, smart appliance solution, mobile operator services, and google mobile services (GMS). The company primarily serves mobile chipset manufacturers, mobile device original equipment manufacturers, and mobile operators, as well as product solutions of mobile connected devices for enterprise and consumer applications. Borqs Technologies, Inc. was founded in 2007 and is headquartered in Kwun Tong, Hong Kong.
| Metric | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|
| Revenue | 52.54M | 29.56M | 26.75M | 98.96M | 128.42M | 154.31M | 0.00 |
| Cost of Revenue | 41.42M | 26.96M | 25.16M | 98.39M | 134.44M | 127.14M | 0.00 |
| Gross Profit | 11.12M | 2.61M | 1.60M | 569.00K | -6.02M | 27.17M | 0.00 |
| Gross Profit Ratio | 21.16% | 8.82% | 5.97% | 0.57% | -4.69% | 17.61% | 0.00% |
| Research & Development | 4.52M | 5.29M | 8.16M | 5.28M | 6.34M | 6.44M | 0.00 |
| General & Administrative | 7.19M | 24.62M | 33.30M | 24.78M | 52.03M | 20.75M | 469.48K |
| Selling & Marketing | 341.00K | 202.00K | 750.00K | 1.52M | 2.46M | 7.95M | 0.00 |
| SG&A | 7.53M | 24.83M | 34.05M | 26.30M | 54.49M | 28.71M | 469.48K |
| Other Expenses | -148.00K | -247.00K | -3.04M | -1.85M | 18.00K | 512.00K | 0.00 |
| Operating Expenses | 11.90M | 29.87M | 42.22M | 29.72M | 60.65M | 34.88M | 469.48K |
| Cost & Expenses | 53.32M | 56.83M | 67.37M | 128.11M | 195.09M | 162.02M | 469.48K |
| Interest Income | 47.00K | 4.00K | 5.00K | 15.00K | 2.00K | 14.00K | 91.49K |
| Interest Expense | 11.73M | 11.96M | 3.80M | 4.97M | 2.58M | 1.88M | 91.49K |
| Depreciation & Amortization | -3.17M | 4.68M | 2.54M | 7.42M | 6.48M | 4.68M | 14.29K |
| EBITDA | -3.95M | -22.58M | -38.08M | -21.73M | -60.17M | -2.51M | -455.19K |
| EBITDA Ratio | -7.52% | -76.40% | -142.35% | -21.96% | -46.85% | -1.62% | 0.00% |
| Operating Income | -787.00K | -27.27M | -40.62M | -29.16M | -66.67M | -7.91M | -469.48K |
| Operating Income Ratio | -1.50% | -92.24% | -151.84% | -29.46% | -51.91% | -5.13% | 0.00% |
| Total Other Income/Expenses | -28.10M | -30.90M | 4.94M | -6.78M | -6.36M | -1.83M | 1.57M |
| Income Before Tax | -28.89M | -57.05M | -35.68M | -32.53M | -68.73M | -10.04M | -392.29K |
| Income Before Tax Ratio | -54.98% | -192.98% | -133.39% | -32.87% | -53.52% | -6.51% | 0.00% |
| Income Tax Expense | 59.00K | -445.00K | 406.00K | -949.00K | 331.00K | 2.32M | -168.69K |
| Net Income | -28.95M | -56.60M | -36.09M | -31.58M | -71.76M | -12.57M | -392.29K |
| Net Income Ratio | -55.09% | -191.48% | -134.91% | -31.92% | -55.88% | -8.15% | 0.00% |
| EPS | -1.26 | -7.68 | -12.97 | -14.07 | -36.80 | -15.66 | -3.02 |
| EPS Diluted | -1.26 | -7.68 | -12.97 | -14.07 | -36.80 | -15.66 | -3.02 |
| Weighted Avg Shares Out | 22.95M | 7.37M | 2.78M | 2.24M | 1.95M | 802.67K | 129.89K |
| Weighted Avg Shares Out (Dil) | 22.95M | 7.37M | 2.78M | 2.24M | 1.95M | 802.67K | 129.89K |
Why Is Borqs Technologies (BRQS) Stock Down 8% Today?
Borqs Technologies Announces Reverse Stock Split
Borqs Technologies Shortlists Buyers for the Second Round of Due Diligence & Negotiations for the Divestment of Holu Hou Energy LLC
Borqs Technologies is Expanding Its IoT Device Businesses in Africa Annual Potential Sales of $30 million
Borqs Technologies Announces Reverse Stock Split
Borqs Technologies, Inc. to Present at the Eighth Annual Dawson James Conference
Borqs Technologies and SkyCentrics Will Start Commercial Shipment of the Next Generation Modbus Adaptor in Q4 2023 for Smart Grid Appliance Manufacturers in the U.S.
Borqs Technologies Receives Nasdaq Notification Regarding Minimum Market Value Deficiency
Borqs Technologies, Inc. to Present on October 5th at the WallStreet Research / Global Capital Network / Med Tech Conference in Newport Beach, CA.
Borqs Technologies, Inc. featured in an updated research report by WallStreet Research™ with a “Speculative Buy” Rating
Source: https://incomestatements.info
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