UTStarcom wins project from Guangdong Research Institute of China Telecom
UTStarcom's Contract Win: UTStarcom has been awarded a contract by Guangdong Research Institute of China Telecom to manufacture disaggregated router hardware platforms for the STN network, which supports 5G mobile services and other applications.
Project Details: The project includes two packages; UTStarcom received 70% of the STN-A1 router package and 100% of the STN-A3 router package, continuing their collaboration with China Telecom on optimized "white-box" routers for 5G transport networks.
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UTStarcom Launches SkyFlux SPN310 Router with 16Gbps Switching Capacity
- Product Launch: UTStarcom has introduced the SkyFlux SPN310 router, featuring a 16Gbps switching capacity aimed at meeting the needs of SMEs and metro edge networks, thereby enhancing its competitive position in the rapidly evolving telecommunications market.
- Technological Innovation: This router integrates modern networking technologies such as Segment Routing and FlexE with a software-defined networking approach, optimizing performance and flexibility for 5G and enterprise networks, which further advances the company's strategic positioning in next-generation communication platforms.
- Market Positioning: The SkyFlux SPN310 is specifically designed for SME connectivity and broadband aggregation, featuring low power consumption and a compact form factor that effectively reduces operational costs while meeting the high-performance demands of modern business applications, thus increasing UTStarcom's market appeal.
- Strategic Expansion: By simultaneously releasing a firmware version compatible with the NG-PTN NetRing platform, UTStarcom not only expands its product portfolio but also offers the latest hardware and software solutions to a broader customer base at lower costs, further solidifying its market position.
UTStarcom Releases Preliminary Financial Results for the First Half of 2025
Business Highlights
- RFP Win: UTStarcom secured a significant contract with the Guangdong Research Institute of China Telecom for the production of disaggregated router hardware platforms, essential for China Telecom's STN network, which supports 5G services and other applications.
- Maintenance Orders: The company received multiple maintenance and warranty support orders related to its existing solutions, including PTN, NMS, SyncRing, and IMS.
- Expansion Orders: UTStarcom continued to receive expansion orders, notably for the NetRing PTN network in Europe and an IMS Broadband Core solution for a key customer in India.
First Half 2025 Financial Results
- Revenue Decline: Total revenues for the first half of 2025 were $4.6 million, down 19.3% from $5.7 million in the same period of 2024. Net equipment sales decreased by 31.6% to $0.5 million, while net services sales fell by 16.9% to $4.1 million.
- Gross Profit: Gross profit was $0.8 million, representing 16.2% of net sales, a significant drop from $1.7 million (30.0% of net sales) in 1H 2024. The gross loss on equipment sales was $0.2 million, with a negative equipment gross margin of 30.4%.
- Operating Expenses: Operating expenses decreased to $4.9 million from $5.3 million in 2024, with SG&A expenses slightly down to $2.6 million and R&D expenses reduced to $2.3 million due to cost controls.
- Net Loss: The net loss attributable to shareholders was $3.7 million, compared to $2.0 million in 2024, resulting in a basic net loss per share of $0.41, up from $0.22.
Cash Flow and Financial Position
- Cash Flow: Cash used in operating activities was $4.5 million, with minimal cash used in investing activities. As of June 30, 2025, UTStarcom had a cash balance of $49.2 million, down 12.1% from $56.0 million at the end of 2024.
- Balance Sheet: Total assets decreased to $62.9 million from $68.2 million, with current liabilities also declining to $19.6 million. Total equity fell to $42.2 million from $45.2 million.
Company Overview
- UTStarcom's Commitment: The company focuses on providing innovative and cost-effective communication services, with a strong presence in Japan, India, and China. Founded in 1991 and listed on Nasdaq in 2000, UTStarcom continues to adapt to market demands and technological advancements.
UTStarcom Files 2024 Form 20-F
Annual Report Filing: UTStarcom has filed its Annual Report on Form 20-F for the year ended December 31, 2024, with the U.S. Securities and Exchange Commission, which is available online and can be requested in hard copy.
Company Overview: UTStarcom is a telecommunications infrastructure provider focused on delivering innovative communication services globally, particularly in Japan and India, since its founding in 1991.
UTStarcom Reports Unaudited Financial Results for Second Half and Full Year 2024
Financial Performance: UTStarcom reported a significant decline in revenue for the second half of 2024, with total revenues dropping to $5.2 million from $9.2 million in the same period of 2023, resulting in a net loss of $2.4 million compared to $1.8 million the previous year.
Business Developments: The company achieved a major milestone by winning a multi-million dollar RFP from China Telecom Research Institute for manufacturing 5G transport network routers and is also expanding its cooperation with a European mobile network operator to support future network expansion plans.
UTStarcom Reports Unaudited Financial Results for First Half of 2024
Financial Performance: UTStarcom reported a revenue decline of 12.3% to $5.7 million in the first half of 2024 compared to the same period in 2023, with a net loss remaining steady at $2.0 million. Operating expenses decreased by 8.6%, contributing to a reduced operating loss of $3.6 million.
Business Developments: The company secured expansion orders for mobile transport networks in Europe and broadband core solutions in India, while also collecting $3.39 million from its major Indian customer, BSNL, leaving an outstanding balance of $4.57 million.
UTStarcom Files 2023 Form 20-F
UTStarcom Launches SkyFlux SPN310 Router with 16Gbps Switching Capacity
- Product Launch: UTStarcom has introduced the SkyFlux SPN310 router, featuring a 16Gbps switching capacity aimed at meeting the needs of SMEs and metro edge networks, thereby enhancing its competitive position in the rapidly evolving telecommunications market.
- Technological Innovation: This router integrates modern networking technologies such as Segment Routing and FlexE with a software-defined networking approach, optimizing performance and flexibility for 5G and enterprise networks, which further advances the company's strategic positioning in next-generation communication platforms.
- Market Positioning: The SkyFlux SPN310 is specifically designed for SME connectivity and broadband aggregation, featuring low power consumption and a compact form factor that effectively reduces operational costs while meeting the high-performance demands of modern business applications, thus increasing UTStarcom's market appeal.
- Strategic Expansion: By simultaneously releasing a firmware version compatible with the NG-PTN NetRing platform, UTStarcom not only expands its product portfolio but also offers the latest hardware and software solutions to a broader customer base at lower costs, further solidifying its market position.
UTStarcom Releases Preliminary Financial Results for the First Half of 2025
Business Highlights
- RFP Win: UTStarcom secured a significant contract with the Guangdong Research Institute of China Telecom for the production of disaggregated router hardware platforms, essential for China Telecom's STN network, which supports 5G services and other applications.
- Maintenance Orders: The company received multiple maintenance and warranty support orders related to its existing solutions, including PTN, NMS, SyncRing, and IMS.
- Expansion Orders: UTStarcom continued to receive expansion orders, notably for the NetRing PTN network in Europe and an IMS Broadband Core solution for a key customer in India.
First Half 2025 Financial Results
- Revenue Decline: Total revenues for the first half of 2025 were $4.6 million, down 19.3% from $5.7 million in the same period of 2024. Net equipment sales decreased by 31.6% to $0.5 million, while net services sales fell by 16.9% to $4.1 million.
- Gross Profit: Gross profit was $0.8 million, representing 16.2% of net sales, a significant drop from $1.7 million (30.0% of net sales) in 1H 2024. The gross loss on equipment sales was $0.2 million, with a negative equipment gross margin of 30.4%.
- Operating Expenses: Operating expenses decreased to $4.9 million from $5.3 million in 2024, with SG&A expenses slightly down to $2.6 million and R&D expenses reduced to $2.3 million due to cost controls.
- Net Loss: The net loss attributable to shareholders was $3.7 million, compared to $2.0 million in 2024, resulting in a basic net loss per share of $0.41, up from $0.22.
Cash Flow and Financial Position
- Cash Flow: Cash used in operating activities was $4.5 million, with minimal cash used in investing activities. As of June 30, 2025, UTStarcom had a cash balance of $49.2 million, down 12.1% from $56.0 million at the end of 2024.
- Balance Sheet: Total assets decreased to $62.9 million from $68.2 million, with current liabilities also declining to $19.6 million. Total equity fell to $42.2 million from $45.2 million.
Company Overview
- UTStarcom's Commitment: The company focuses on providing innovative and cost-effective communication services, with a strong presence in Japan, India, and China. Founded in 1991 and listed on Nasdaq in 2000, UTStarcom continues to adapt to market demands and technological advancements.
UTStarcom Files 2024 Form 20-F
Annual Report Filing: UTStarcom has filed its Annual Report on Form 20-F for the year ended December 31, 2024, with the U.S. Securities and Exchange Commission, which is available online and can be requested in hard copy.
Company Overview: UTStarcom is a telecommunications infrastructure provider focused on delivering innovative communication services globally, particularly in Japan and India, since its founding in 1991.
UTStarcom Reports Unaudited Financial Results for Second Half and Full Year 2024
Financial Performance: UTStarcom reported a significant decline in revenue for the second half of 2024, with total revenues dropping to $5.2 million from $9.2 million in the same period of 2023, resulting in a net loss of $2.4 million compared to $1.8 million the previous year.
Business Developments: The company achieved a major milestone by winning a multi-million dollar RFP from China Telecom Research Institute for manufacturing 5G transport network routers and is also expanding its cooperation with a European mobile network operator to support future network expansion plans.
UTStarcom Reports Unaudited Financial Results for First Half of 2024
Financial Performance: UTStarcom reported a revenue decline of 12.3% to $5.7 million in the first half of 2024 compared to the same period in 2023, with a net loss remaining steady at $2.0 million. Operating expenses decreased by 8.6%, contributing to a reduced operating loss of $3.6 million.
Business Developments: The company secured expansion orders for mobile transport networks in Europe and broadband core solutions in India, while also collecting $3.39 million from its major Indian customer, BSNL, leaving an outstanding balance of $4.57 million.
UTStarcom Files 2023 Form 20-F
