tasari
3年前
UTSI results for Q2 2021 will be released very soon ( normally today, if not coming days )
The numbers will show an big improvement compared with last year ( covid year ). The company has changed the board of directors included the CEO, the 5G industry is getting closer and closer.
China industry is getting full power again, India is still a bit behind, but it is matter of time. So the earnings/results will improve for UTSI.
Next quarters we will see the effects of the new products and services, which will help the stock price.
tasari
4年前
Business updates !!! Nice updates !! Great outlook for 2021 !!
* 5G Transport Solution UTStarcom collaborated with a partner to develop a state-of-the-art 5G transport solution, SkyFlux Converged Packet Transport (CPT) platform and its network management and controller, for one of the major China mobile operators’ (MNO) 5G migration.
* Field trials deployment will start soon :
Development of Disaggregated Solutions for 5G Transport Networks As announced in two PRs released in Q4 of 2020, UTStarcom secured a win of a RFP for joint development of a disaggregated platform for 5G transport with one of the major telecom operators in China aiming at further mass deployment with this operator, and completed Phase 1 development and integration of the disaggregated network solution with the research institute of another major mobile network operators (MNO) in China.
* Getting already a part of payment of customer !
India Receivable The Company continues to collect amounts due from its major customer in India. This customer in India raised INR8,500 Crore (approximately USD $1.13 billion) through sovereign guaranteed bonds and cleared a portion of its payables to vendors, including UTStarcom. The Company has collected over $21 million in 2020, with $51 million outstanding.
tasari
4年前
Financial results 2020 is out :
2020 total revenues were $24.3 million, a decrease of 63% from $65.6 million in 2019.
2020 gross profit was $3.5 million, or 14.5% of net sales, compared to $24.2 million, or 36.8% of net sales, in 2019.
2020 operating expenses were $26.8 million, compared to $30.3 million in 2019.
Full year 2020 operating loss was $23.2 million, compared to $6.1 million in 2019.
Full year 2020 net interest income was $1.0 million, compared to $1.3 million in 2019.
Full year 2020 net loss attributable to shareholders was $23.7 million, compared to $3.9 million in 2019. 2020 basic net loss per share was $0.66, compared to $0.11 in 2019.
=> CASH !! This is really nice, they didn't need to use almost no cash !!
Cash used in operating activities in the second half of 2020 was $2.6 million, cash used in investing activities was $0.03 million, and cash used in financing activities was $0.2 million. As of December 31, 2020, UTStarcom had cash, cash equivalent and restricted cash of $48.4 million.
Like many companies the revenue went down a lot, but not 90%, only 63% !
https://www.otcmarkets.com/stock/UTSI/news/story?e&id=1847740
tasari
4年前
This came out today, so no influence on stock price ( yet ).
Like mentioned the price went up already, so this will help more.
News coming out ?
PENNY STOCKS TO BUY UNDER $5: UTSTARCOM HOLDINGS CORP.
UTStarcom Holdings Corp. is one of the biggest gainers from December 9th. During the trading day and into after-hours, shares of UTSI stock shot up by over 107%. While no news contributed to this gain, UTStarcom could be considered an epicenter penny stock. According to Fundstrat’s Tom Lee, these are stocks hit hardest by the pandemic but could rebound the quickest in light of a vaccine.
https://pennystocks.com/featured/2020/11/06/5g-penny-stocks-to-buy-sell-november-6-2020/
tasari
4年前
And now it shot up in extended hours with +90,23% with volume of 3,120,040 !
I never saw a huge volume since a long time ago !
CNBC shows it ended at $2.53 with 3,120,040 shares !
https://www.cnbc.com/quotes/?symbol=UTSI&qsearchterm=
This is excellent news, maybe another company or person ( even insider possible like before ) wants to buy the company because super cheap prices ! Let's see what happens !!
Another source :
https://seekingalpha.com/news/3643137-asan-pxlw-qiwi-and-immp-among-after-hours-movers?utm_source=otcmarkets&utm_medium=referral
tasari
4年前
After posting bad results of the previous quarter, UTSI goes down, which is normal, although the previous 3 quarters were influence by COVID-19.
The stock went down till $0.83 , after with a big buy of opportunities buyers, it went up till $1.14.
Now the big support is at $0.85, thereafter it will raise slightly again to above $1+ but for a higher big move we need great news or wait for the next quarter ( in 2,5 months )..
whytestocks
4年前
News; $UTSI UTStarcom Announces Progress in the Development of a Disaggregated Solution for 5G Transport Networks
HANGZHOU, China, Nov. 06, 2020 (GLOBE NEWSWIRE) -- UTStarcom (“UTStarcom” or the “Company”) (NASDAQ:UTSI), a global telecommunications infrastructure provider, announced today the Company’s progress in the development of a disaggregated router platform opt...
Got this from UTSI - UTStarcom Announces Progress in the Development of a Disaggregated Solution for 5G Transport Networks
tasari
4年前
That the stock is going down is normal, the previous 2 quarters were not good but all linked with COVID-19, coming months will be better.
Beginning next year the whole health crisis will be over. Certainly after the winter, the winter itself is gone and vaccins will be available and then UTSI will boom again...
Finally they will be able to do their turnaround, meanwhile UTSI will be cost cutting, which will be good for the future !
Finale note... often when it gets beaten like this some takeover offers are coming, always been in previous years..
whytestocks
4年前
NEWS: $UTSI UTStarcom Launches SkyFlux Converged Packet Transport Platform and Postpones the Release of First Half 2020 Financial Results
HANGZHOU, China, Aug. 31, 2020 (GLOBE NEWSWIRE) -- UTStarcom (“UTStarcom” or the “Company”) (NASDAQ:UTSI), a global telecommunications infrastructure provider, today introduced a Converged Packet Transport Platform, SkyFlux. The SkyFlux platform combines Se...
Read the whole news UTSI - UTStarcom Launches SkyFlux Converged Packet Transport Platform and Postpones the Release of First Half 2020 Financial Results