Borqs Technologies ( (BRQSF) ) has released a notification of late filing.
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Borqs Technologies, Inc. has filed a Form 12b-25 to notify investors that it will delay its Annual Report on Form 20-F (Yearly Report) for the financial year ended December 31, 2025. The company says the filing relates specifically to its Form 20-F (Yearly Report) and not to any 10-Q (Quarter Report) or other periodic forms.
Management explains that it is still compiling required information for the annual filing, including finalizing its audited financial statements. According to the company, submitting the report on time would have required unreasonable effort or expense, suggesting internal timing and preparation constraints rather than an external shock.
Borqs Technologies states that it expects to submit the delayed Form 20-F (Yearly Report) no later than the fifteenth calendar day after the original due date. This is in line with the grace period allowed under the SEC’s 12b-25 rules for late annual reports.
The company affirms that all other required SEC reports over the past 12 months have been filed on time, which may reassure investors about its general reporting discipline. It also indicates that it does not anticipate any significant change in results of operations versus the prior fiscal year, though all such expectations remain subject to the usual forward-looking uncertainties.
Borqs notes that it is continuing work to complete the necessary financial statements and disclosures so the Annual Report can be filed within the extension window. The notification is signed on behalf of the company by Chief Executive Officer and principal executive officer Pat Sek Yuen Chan, underscoring management’s responsibility for ongoing compliance.
Spark’s Take on BRQSF Stock
According to Spark, TipRanks’ AI Analyst, BRQSF is a Neutral.
The score is held down primarily by weak financial performance—declining revenue, negative equity, and negative operating/free cash flow—despite some support from constructive technical momentum and an extremely low P/E valuation.
To see Spark’s full report on BRQSF stock, click here.
More about Borqs Technologies
Average Trading Volume: 16,621
Technical Sentiment Signal: Sell
Current Market Cap: $4.19M
See more data about BRQSF stock on TipRanks’ Stock Analysis page.