UTStarcom Holdings (UTSI) has released an update.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
UTStarcom Holdings has reported a 39.4% increase in revenue for the second half of 2023 and a 12.1% increase for the full year, compared to the same periods in 2022. Despite higher revenues, the company’s operating losses have widened, with a net loss of $2.0 million for the latter half of the year and $4.0 million for the full year. UTStarcom’s advancements include progress in its 5G transport network portfolio, additional orders in Europe, and expansion in the Indian broadband market.
For further insights into UTSI stock, check out TipRanks’ Stock Analysis page.