Borqs Technologies Sells Core Business to Sasken for $40 Million

Borqs Technologies ( (BRQSF) ) has shared an update.

On April 9, 2025, Borqs Technologies completed the sale of its core businesses to Sasken Technologies for $40 million. This sale includes Borqs’ embedded software design and customized hardware manufacturing for IoT products, along with customer contracts, technology licenses, and key personnel. The acquisition allows Sasken to enhance its capabilities in designing and commercializing connected devices, strengthening its position in high-demand markets such as automotive, SatCom, consumer, industrial, IoT, and 5G. Borqs plans to use the proceeds to invest in emerging opportunities in AI and capital-related ventures, aiming to shape the future of these industries.

Spark’s Take on BRQSF Stock

According to Spark, TipRanks’ AI Analyst, BRQSF is a Underperform.

Borqs Technologies faces significant financial difficulties, with declining revenues and negative equity as primary concerns. The technical indicators reflect weak market momentum, and the absence of valuation metrics like P/E ratio and dividend yield compounds the uncertainty. The overall score is heavily influenced by the company’s precarious financial situation and lack of positive growth indicators.

To see Spark’s full report on BRQSF stock, click here.

More about Borqs Technologies

Borqs Technologies is a global leader in software and products for the Internet of Things (IoT), providing customizable, differentiated, and scalable Android-based smart connected devices and cloud service solutions. The company has established itself as an innovative end-to-end IoT solutions provider, leveraging strategic partnerships with chipset manufacturers and a broad software and intellectual property portfolio. Borqs is also involved in the development of 5G products for phones and hotspots.

YTD Price Performance: -12.66%

Average Trading Volume: 18,511

Technical Sentiment Signal: Buy

Current Market Cap: $5.6M

For a thorough assessment of BRQSF stock, go to TipRanks’ Stock Analysis page.