Borqs technologies, inc. (BRQS)
Income statement / Quarterly
Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15
Net Revenues:
Software

-

1,624

-

-

-

3,499

-

-

-

-

-

-

-

Hardware

-

47,018

-

-

-

11,122

-

-

-

-

-

-

-

MVNO

-

7,220

-

-

-

6,987

-

-

-

-

-

-

-

Others

-

477

-

-

-

521

-

-

-

-

-

-

-

Net Revenues:
Software

1,683

-

-

-

1,890

-

-

-

-

-

-

-

-

Hardware

20,640

-

-

-

34,679

-

-

-

-

-

-

-

-

MVNO

5,438

-

-

-

7,287

-

-

-

-

-

-

-

-

Others

531

-

-

-

463

-

-

-

-

-

-

-

-

Total net revenues

28,292

56,339

-

-

44,319

22,129

-

-

-

-

-

-

-

Software

578

668

-

-

1,463

1,612

-

-

-

-

-

-

-

Hardware

20,478

42,535

-

-

29,719

10,008

-

-

-

-

-

-

-

MVNO

-

5,247

-

-

-

4,533

-

-

-

-

-

-

-

Software

-

-

2,256

-

-

-

3,084

-

3,495

-

-

-

-

Hardware

-

-

48,118

-

-

-

21,679

-

15,092

-

-

-

-

MVNO

-

-

7,509

-

-

-

5,932

-

7,217

-

-

-

-

Others

-

-

373

-

-

-

515

-

1,688

-

-

-

-

Total net revenues

-

-

58,256

-

-

-

31,210

-

27,492

-

-

-

-

Software

-

-

769

-

-

-

2,330

-

2,095

-

-

-

-

Hardware

-

-

43,399

-

-

-

19,238

-

12,819

-

-

-

-

MVNO

-

-

5,061

-

-

-

5,287

-

7,264

-

-

-

-

MVNO

3,166

-

-

-

5,228

-

-

-

-

-

-

-

-

Others

228

180

171

132

191

288

200

-

275

-

-

-

-

Total cost of revenues

24,450

48,630

49,400

47,044

36,601

16,441

27,055

-

22,453

-

-

-

-

Total gross profit

3,842

7,709

8,856

9,605

7,718

5,688

4,155

-

5,039

-

-

-

-

Operating expenses:
Sales and marketing expenses

2,013

1,665

1,682

1,710

3,257

1,646

1,339

-

1,619

-

-

-

-

General and administrative expenses

1,794

2,260

3,096

4,542

12,054

2,599

1,558

-

3,652

-

-

-

-

Research and development expenses

908

1,452

889

1,113

3,854

1,184

292

-

825

-

-

-

-

Changes in the fair value of warrant liabilities

0

0

0

0

-39

0

-161

-

-

-

-

-

-

Changes in the fair value of warrant liabilities

-

-

-

-

-

-

-

-

0

-

-

-

-

Total operating expenses

4,715

5,377

5,667

7,365

19,204

5,429

3,350

-

6,096

-

-

-

-

Other operating income

0

0

0

2

3

1

266

-

344

-

-

-

-

Operating costs

-

-

-

-

-

-

-

327

-

226

177

62

2

Operating (loss) income

-873

2,332

3,189

2,242

-11,483

260

1,071

-327

-713

-226

-177

-62

-2

Interest income

-

2

6

-

-

8

2

37

9

46

45

0

0

Interest income

2

-

-

-

2

-

-

-

-

-

-

-

-

Interest expense

991

1,117

245

356

378

524

619

-

86

-

-

-

-

Other income

-

14

39

-

-

51

303

-

68

-

-

-

-

Other income

9

-

-

-

222

-

-

-

-

-

-

-

-

Other expense

2

2

45

29

-184

158

118

-

-29

-

-

-

-

Foreign exchange (loss) gain

41

633

-374

-392

-54

-156

-177

-

-37

-

-

-

-

(Loss) profit before income taxes

-1,814

1,862

2,570

1,524

-11,507

-519

462

-

-730

-

-

-

-

Income tax expense

396

-146

1,183

1,371

58

446

444

-

1,320

-

-

-

-

Net (loss) income

-2,210

2,008

1,387

153

-11,565

-965

18

-

-2,050

-

-

-

-

Less: net income attributable to non-controlling interests

298

178

188

-159

250

197

-78

-

-174

-

-

-

-

Unrealized gain (loss) on marketable securities held in Trust Account

-

-

-

-

-

-

-

-2

-

-34

20

0

0

Net (loss) income attributable to Borqs Technologies, Inc.

-2,508

1,830

1,199

312

-11,815

-1,162

96

-292

-1,876

-214

-112

-62

-2

Add: Accretion to redemption value of convertible redeemable preferred shares

0

0

0

0

6,508

150

298

-

191

-

-

-

-

Net (loss) income attributable to ordinary shareholders

-2,508

1,830

1,199

312

-18,323

-1,312

-202

-

-2,067

-

-

-

-

(Loss) earnings per share:
Basic

-0.09

0.07

0.05

0.05

-1.21

-0.31

-0.05

-

-0.49

-

-

-

-

Diluted

-0.09

0.07

0.04

0.05

-1.21

-0.31

-0.05

-

-0.49

-

-

-

-

Number of ordinary shares used in (loss) earnings per share computation:
Basic

27,692

26,830

26,384

27,693

15,192

4,259

4,224

-

4,259

-

-

-

-

Diluted

27,692

27,675

27,471

27,693

15,192

4,259

4,224

-

4,259

-

-

-

-

Weighted average shares outstanding, basic and diluted

-

-

-

-

-

-

-

2,436

-

2,392

2,384

2,286

1,250

Basic and diluted net loss per ordinary share

-

-

-

-

-

-

-

-0.12

-

-0.11

-0.05

-0.03

0.00