UTStarcom Holdings Corporation News - UTSI

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UTStarcom Reports Unaudited Financial Results for First Half of 2024

HANGZHOU, China, Sept. 05, 2024 (GLOBE NEWSWIRE) -- UTStarcom (“UT,” “UTStarcom” or the “Company”) (NASDAQ:...

Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]

UTStarcom Announces Changes to Its Board of Directors

HANGZHOU, China, March 26, 2024 (GLOBE NEWSWIRE) -- UTStarcom (“UT” or the “Company”) (NASDAQ: UTSI), a...

UTStarcom Reports Unaudited Financial Results for Second Half and Full Year 2023

HANGZHOU, China, March 22, 2024 (GLOBE NEWSWIRE) -- UTStarcom (the Company) (NASDAQ: UTSI), a global...

Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]

UTStarcom Reports Unaudited Financial Results for First Half of 2023

HANGZHOU, China, Aug. 30, 2023 (GLOBE NEWSWIRE) -- UTStarcom (“UT,” “UTStarcom” or the “Company”) (NASDAQ:...

Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]

Securities Registration: Employee Benefit Plan (s-8)

As filed with the Securities and Exchange Commission on June 20, 2023 Registration No. 333- UNITED STATES SECURITIES AND...

Annual and Transition Report (foreign Private Issuer) (20-f)

FYfalseP1Y--12-3100010304711P2YP5Y0001030471utsi:EquityIncentivePlan2017Memberus-gaap:RestrictedStockMember2021-01-012021-12-310001030471utsi:Cor...

UTStarcom Files 2022 Form 20-F

HANGZHOU, China, April 27, 2023 (GLOBE NEWSWIRE) -- UTStarcom (“UT” or the “Company”) (NASDAQ: UTSI), a...

UTStarcom Reports Unaudited Financial Results for Second Half and Full Year 2022

HANGZHOU, China, March 24, 2023 (GLOBE NEWSWIRE) -- UTStarcom (“UT,” “UTStarcom” or the “Company”) (NASDAQ:...

Report of Foreign Issuer Pursuant to Rule 13a-16 or 15d-16 (6-k)

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K ...

UTStarcom Announces New SyncRing PTP Grandmaster

HANGZHOU, China, Jan. 04, 2023 (GLOBE NEWSWIRE) -- UTStarcom (“UTStarcom” or “the Company”) (NASDAQ:UTSI), a...

Report of Foreign Issuer Pursuant to Rule 13a-16 or 15d-16 (6-k)

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K ...

Report of Foreign Issuer Pursuant to Rule 13a-16 or 15d-16 (6-k)

UNITED STATESSECURITIES AND EXCHANGE COMMISSIONWashington, D.C. 20549 _______________________ FORM...

tasari 3 years ago

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.

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tasari 3 years ago

Sudden rise...

Thus anyone know what is happening ?
Last days the stock is going higher and higher, each day more.
The pre-market price is jumping much higher today.

Any news coming out ? Other information...
This can have big jump, depending of news, $3 is very closeby !

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tasari 3 years ago

With the move of yesterday, there is a buy signal.

It even went more higher... news to come ? Results already ?

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tasari 4 years ago

UTSI stock searched in pre-market and in the morning 10% and more.
It is confirmed with the big volume.

So news to come out ?
Or somebody found another reason ?

Thanks,

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tasari 4 years ago

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.

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tasari 4 years ago

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

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tasari 4 years ago

Meanwhile the past weeks the GAP has been filled... with a nice bottom showing up.

BUT now the price is at its 200 EMA which will be big resistance for the moment at $1.56.

If it breaks up it would become a support, but only if it stays 3 days above it.. if not it could go down to $1.25 again

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tasari 4 years ago

Meanwhile it is proven that it broke the $1.50 support level.
It goes slowly down, I think it will hit the support of $1.20-$1.25 again,
then a lot of buyers will come it because of recent good news..

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tasari 4 years ago

If you look at the 6 month of 1 year graph ( OHLC ), you see clearly the down trend...

It look like that each moment it can go down, with a big jump down...
+ already couple of days under the $1.50 support

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tasari 4 years ago

It ended the day at $1.44 which is a bad sign !
It ends "under" the support line ( $1.50 ), tomorrow it will go above it again but...... will it be able to stay above?
If doesn't => negative sign, then next support is at $1.20

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tasari 4 years ago

Today the support level of $1.50 is being tested again...

When going up the second testing of resistance of $1.20 was brooken.

Now it is testing for second time the support level !!
If this get crushed, then the support level $1.20 ( which was the resistance level ) is going to be tested....

If it crushes this too, then we are back to the levels $0.85 / $1.20

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tasari 4 years ago

I wrote wrong it is a "support level" of $1.50 !

This support is being tested now..

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tasari 4 years ago

Nothing new being said... the run up is passed already now.
Still no "real" reason, so now it depends of resistance levels of $1.50, if it s broken back to previous level...

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ClayTrader 4 years ago

* * $UTSI Video Chart 12-10-2020 * *

Link to Video - click here to watch the technical chart video

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tasari 4 years ago

Now it is low volume time ( all big buying was in the beginning ) so it goes lower slowly, but still $1.70 ! Now a lot of profit takers ( what you expect with this huge rise ! ) and traders selling the stock....

Maybe it picks up at the end...

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TXB 4 years ago

It'll be interesting to see where this goes today, with all the volume.

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tasari 4 years ago

It is stabilizing with meanwhile 18+ millions shares !

It went in one day through 50 en 200 moving average too...
At least downside trend is finished... even probably in uptrend already...

I am wondering if the company is using their "buyback shares"-agreement mmm

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TXB 4 years ago

Nice volume today! Might have to dip my toe in here.

$2.03 with 16+ millions volume :O :D

Much higher than the rise of 6 november 2020
!
So huge volume didn't happen since 31 august 2020 ! ( when investors were hoping less badd results, day after was selling because bad results )

So for this stock the after hours + pre market are useless...

It went up to $2.50+ and opens today with $1.93 :D

But still very positive +50% !

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mik1234 4 years ago

$UTSI boss opening bell $

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tasari 4 years ago

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/

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tasari 4 years ago

Still in the early pre-market hours +50% ( compared with yesterday close ) with already volume of 1+ millions.

Something is happening... with no news out ( yet ) :

https://www.benzinga.com/news/20/12/18729497/42-stocks-moving-in-thursdays-pre-market-session?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+benzinga+%28Benzinga+News+Feed%29

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tasari 4 years ago

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

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tasari 4 years ago

Here the confirmation :

NetSol Technologies and Usio among tech gainers; STMicroelectronics and Luminar Technologies among losers

Dec. 09, 2020 2:56 PM ETMTS Systems Corporation (MTSC)By: Manshi Mamtora, CFA

Gainers: MTS Systems (NASDAQ:MTSC) +52%. Usio (NASDAQ:USIO) +14%. UTStarcom (NASDAQ:UTSI) +11%. Siyata Mobile (NASDAQ:SYTA) +8%. NetSol Technologies (NASDAQ:NTWK) +7%.

Losers: Blonder Tongue Laboratories (NYSEMKT:BDR) -24%. Photronics (NASDAQ:PLAB) -16%. STMicroelectronics (NYSE:STM) -16%. Luminar Technologies (NASDAQ:LAZR) -14%. Kubient (NASDAQ:KBNT) -7%.

https://seekingalpha.com/news/3643045-netsol-technologies-and-usio-among-tech-gainers-stmicroelectronics-and-luminar-technologies?utm_source=otcmarkets&utm_medium=referral

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tasari 4 years ago

This is fake news !! They won't go bankrupt with these numbers.
The company have "zero" long term debts, but I think the company still is allowed to buy back when the stock is super cheap, this happened already many times before and now again ! Back to $1.33 !

Great news !

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tasari 4 years ago

This is old news :D Almost 1,5 months ago...

The results already came out 30 october 2020 !!

I wanted to buy more lower... too late

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tasari 4 years ago

woooow UTSI went above the $1.20 "downside" resistance.
Even nicely up, so the second time it went through resistance!
That is really good news !

1.33 +0.20
17.70%
With almost 600K shares !!

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hondaboost 4 years ago

Beware! They're pumping it up In Order to dump their worthless shares before Banktuptcy!

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hondaboost 4 years ago

UTSI is going to File Bankruptcy soon, as its businesses have shrunk hugely with very little customers as its products and services were out of date.

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hondaboost 4 years ago

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%

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Awl416 4 years ago

May want to take a peak AH

Not sure what’s up

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tasari 4 years ago

Resistance around $1.20 is being tested, till now each time investort sell at that price... at of the day it could go lower, this is second test that fails.. with no news, no reports coming up!

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tasari 4 years ago

The stock went back up till $1.20 ( which is the long resistance line )

https://swingtradebot.com/equities/UTSI

Now it will go back to $0.85 to support resistance, before it goes back up to $1.15 to try to break resistance !
For buying moment be sure to be ready at $0.85 ( maybe as low as $0.83 )

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tasari 4 years ago

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 )..

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whytestocks 4 years ago

JUST IN: $UTSI Are These 5G Penny Stocks to Buy In November Or Should You Avoid Them?

Can These 5G Stocks Continue Seeing Bullish Interest? While 5G technology is still in the early stages, there is already a great deal of infrastructure that supports the industry. This has lead to a stronger focus on some of the penny stocks in the arena. No matter what happens in t...

Find out more UTSI - Are These 5G Penny Stocks to Buy In November Or Should You Avoid Them?

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aristotelisonassis 4 years ago

strong buy here today.

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whytestocks 4 years ago

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

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tasari 4 years ago

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..

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whytestocks 4 years ago

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

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ClayTrader 4 years ago

* * $UTSI Video Chart 08-31-2020 * *

Link to Video - click here to watch the technical chart video

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alchemytrader 4 years ago

Beautiful short

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BoilerRoom 4 years ago

Lol

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alchemytrader 4 years ago

1.87 and going down. what a piece of trash!

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TheFinalCD 4 years ago

utsi 3.05 OFF 3.75

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willlbone 6 years ago

Bad news?

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Shapes350 7 years ago

And we are off!

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UTStarcom Holdings Corporation (UTSI)

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UTSI News

UTStarcom Reports Unaudited Financial Results for First Half of 2024

Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]

UTStarcom Announces Changes to Its Board of Directors

UTStarcom Reports Unaudited Financial Results for Second Half and Full Year 2023

Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]

UTStarcom Reports Unaudited Financial Results for First Half of 2023

Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]

Securities Registration: Employee Benefit Plan (s-8)

Annual and Transition Report (foreign Private Issuer) (20-f)

UTStarcom Files 2022 Form 20-F

UTStarcom Reports Unaudited Financial Results for Second Half and Full Year 2022

Report of Foreign Issuer Pursuant to Rule 13a-16 or 15d-16 (6-k)

UTStarcom Announces New SyncRing PTP Grandmaster

Report of Foreign Issuer Pursuant to Rule 13a-16 or 15d-16 (6-k)

Report of Foreign Issuer Pursuant to Rule 13a-16 or 15d-16 (6-k)

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Professional-Grade Tools, for Individual Investors.

UTSI News

UTStarcom Reports Unaudited Financial Results for First Half of 2024

Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]

UTStarcom Announces Changes to Its Board of Directors

UTStarcom Reports Unaudited Financial Results for Second Half and Full Year 2023

Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]

UTStarcom Reports Unaudited Financial Results for First Half of 2023

Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]

Securities Registration: Employee Benefit Plan (s-8)

Annual and Transition Report (foreign Private Issuer) (20-f)

UTStarcom Files 2022 Form 20-F

UTStarcom Reports Unaudited Financial Results for Second Half and Full Year 2022

Report of Foreign Issuer Pursuant to Rule 13a-16 or 15d-16 (6-k)

UTStarcom Announces New SyncRing PTP Grandmaster

Report of Foreign Issuer Pursuant to Rule 13a-16 or 15d-16 (6-k)

Report of Foreign Issuer Pursuant to Rule 13a-16 or 15d-16 (6-k)

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