UTSI
UTStarcom Holdings Corp.2.3100
+0.3100+15.5%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
21.88MP/E (TTM)
-Basic EPS (TTM)
-0.67Dividend Yield
0%Recent Filings
8-K
UTStarcom completes Cayman merger
UTStarcom completed its reorganization merger on June 24, 2011, shifting incorporation to the Cayman Islands via a subsidiary structure, with each common share converting one-for-one into UTS Holdings ordinary shares listed on NASDAQ under 'UTSI'. Stockholders also elected directors Jack Lu, Baichuan Du, and Xiaoping Li for terms through 2014, ratified PwC as auditors, and approved 2010 executive pay on an advisory basis. The move qualifies UTS Holdings as a foreign private issuer, easing some U.S. reporting while retaining Sarbanes-Oxley and NASDAQ compliance. Merger risks hinge on closing conditions.
8-K
CEO Lu's contract formalized
UTStarcom formalized CEO Jack Lu's employment contract with its Chinese subsidiary on May 5, 2011, effective March 1, 2011, through a three-year fixed-term agreement. It sets his base salary at RMB 3,067,485 annually, plus a 100% performance bonus, US$4,000 monthly housing allowance, and expat perks like tuition reimbursement up to US$30,000 yearly for two children and international health insurance worth US$13,400. This locks in executive benefits while aligning with PRC laws, but severance hinges on a prior U.S.-style agreement exceeding local minimums. Stability at the top aids operations in China.
10-Q
Q1 FY2011 results
UTStarcom's Q1 2011 results showed revenue dipping 24% year-over-year to $61.3 million, driven by the handset business wind-down and softer MSAN sales, yet PTN products surged 6.6 million in Japan for some offset. Gross margins slipped to 31% from 34%, reflecting lower equipment volumes and service mix shifts, while operating losses narrowed to $11.1 million from $18.8 million thanks to sharp cuts in SG&A and R&D expenses. Cash burned $39.4 million in operations, leaving $306.8 million on hand with no debt, bolstered by a fresh Hangzhou lease through 2016. Non-GAAP metrics not disclosed in the 10-Q. The PAS market's rapid decline poses a key risk.
8-K
Q1 revenues fall, expenses cut
UTStarcom reported Q1 2011 revenues of $61.3 million, down from $80.8 million a year earlier, mainly due to winding down its handset business and lower MSAN sales, yet PTN product sales in Japan surged. Operating expenses dropped 34% year-over-year to $30.3 million, narrowing the net loss to $10.3 million or $0.07 per share. The company targets $300–$320 million in full-year revenue and breakeven operations. Cash reserves stand strong at $310.4 million with zero debt.
8-K
Q1 sales dip, margin improves
UTStarcom reported Q1 2011 net sales of $61.3 million, down from $80.8 million a year earlier, with gross margin rising to 31% from 11% in Q4 2010 thanks to strong PTN product sales. Operating expenses dropped sharply to $30.2 million, narrowing the net loss to $10.3 million or $0.07 per share versus $16.0 million last year. Cash reserves stood at $310.4 million. The company targets $300-$320 million full-year revenue and breakeven, but transition risks loom.
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