UTStarcom Reports Unaudited Financial Results for Fourth Quarter and Full Year 2019
UTStarcom Holdings Corp - Ordinary Shares (UTSI)
Last utstarcom holdings corp - ordinary shares earnings: 11/8 06:00 am
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utstar.com
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Source: GlobeNewswire
HANGZHOU, China, March 27, 2020 (GLOBE NEWSWIRE) -- UTStarcom (“UT” or “the Company”) (NASDAQ: UTSI), a global telecommunications infrastructure provider, today reported its unaudited financial results for the fourth quarter and full year ended December 31, 2019, and provided a business update. Business Update Q4 Revenue Met Expectations. Fourth quarter revenue of $14.2 million was at the high end of the Company’s guidance range of $10 to $15 million. The net loss for the quarter was attributable to foreign currency losses and a slight operating loss.CEO Leave of Absence. As announced on March 16, 2020, the Company’s Chief Executive Officer (CEO) Mr. Tim Ti has taken a temporary leave of absence due to health reasons (unrelated to the COVID-19 virus). The Company’s Board of Directors appointed UT’s Senior Vice President of Sales and Business Development for Japan and Korea, Dr. Zhaochen Huang as acting CEO.Impact of the COVID-19 Virus. Due to the mandatory shutdowns implement
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- UTStarcom Holdings Corp. (NASDAQ: UTSI) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- UTStarcom Holdings Corp. (NASDAQ: UTSI) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- UTStarcom Holdings Corp. (NASDAQ: UTSI) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- UTStarcom Holdings Corp. (NASDAQ: UTSI) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- UTStarcom Holdings Corp. (NASDAQ: UTSI) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat