UTStarcom Holdings (UTSI) has released an update.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
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.