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Borqs Technologies, Inc. (BRQSF)

0.1900

-0.0327

(-14.68%)

At close: May 9 at 4:00:00 PM EDT

Borqs Technologies Completed Cash Sale of Core Businesses To Sasken Technologies of India

HONG KONG, April 14, 2025 (GLOBE NEWSWIRE) -- Borqs Technologies, Inc. (U.S. OTC: BRQSF, “Borqs” or the “Company”) today announced that it has completed the sale of its core businesses to Sasken Technologies, Ltd. (India NSE: SASKEN, BSE: 532663, “Sasken”), a leading global product engineering and digital transformation services company based in India. Included in the sale were all of the Company’s embedded software design and customized hardware manufacturing of products for the Internet of Thi

GlobeNewswire 27 days ago

SASKEN.NS

SASKEN.BO

BRQSF
-14.68%
Borqs Technologies Shows Revenue Growth in Interim Financial Report

Borqs Technologies ( (BRQSF) ) has provided an update. Borqs Technologies has submitted its unaudited consolidated financial statements for the six months ending June 30, 2024. The report reveals a growth in total net revenues to $16,773,000, with both software and hardware segments showing an increase. The company’s total assets grew to $24,267,000, while liabilities decreased, indicating a potential improvement in financial stability. These results suggest a positive impact on the company’s op

TipRanks 4 months ago

BRQSF
-14.68%
Borqs Technologies Reports Half-Year 2024 Financial Results; Successfully Increases Efficiency

SANTA CLARA, Calif., Dec. 23, 2024 (GLOBE NEWSWIRE) -- Borqs Technologies, Inc. (U.S. OTC: BRQSF, “Borqs” or the “Company”), a global provider of embedded software and products for the Internet of Things (IoT), today announced its financial results for the first half of 2024. Interim financial statements were filed today with the SEC. First-Half 2024 Financial Highlights For the six months ended June 30, 20242023vs. H1 2023 Revenues ($K)16,77314,992+ 11.9%Gross Margin20.2%19.4%Up 0.8%Operating e

GlobeNewswire 4 months ago

BRQSF
-14.68%
Borqs Technologies’ Capital Structure to be Revamped by Recently Announced Sale of Business

SANTA CLARA, Calif., Nov. 20, 2024 (GLOBE NEWSWIRE) -- Borqs Technologies, Inc. (U.S. OTC: BRQSF, “Borqs” or the “Company”) a global provider of embedded software and products for the Internet of Things (IoT) announced on November 11, 2024, that the Company intends to sell its hardware and software business to Sasken Technologies, Inc. by the end of this calendar year. The total consideration, inclusive of earn-outs, management incentives, and other payouts, shall not exceed US$40 million. Earno

GlobeNewswire 5 months ago

BRQSF
-14.68%
Sasken to acquire Borqs Technologies Inc’s Business to Expand Capabilities and Market Reach

HONG KONG, Nov. 11, 2024 (GLOBE NEWSWIRE) -- Sasken Technologies Limited (India NSE: SASKEN, BSE: 532663, “Sasken”), a leading global product engineering and digital transformation services company based in India announced today the intent to acquire hardware and software services business of Borqs Technologies, Inc. (U.S. OTC: BRQSF, “Borqs”) a global provider of embedded software and products for the Internet of Things (IoT). This strategic move is aligned with Sasken’s 60x4x3 strategy to driv

GlobeNewswire 5 months ago

BRQSF
-14.68%

SASKEN.BO

SASKEN.NS

Performance Overview

Return	BRQSF	S&P 500 (^GSPC)
YTD	-24.00%	-3.77%
1-Year	-5.00%	+8.55%
3-Year	-99.46%	+41.81%

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Borqs Technologies, Inc. (BRQSF)

Borqs Technologies Completed Cash Sale of Core Businesses To Sasken Technologies of India

Borqs Technologies Shows Revenue Growth in Interim Financial Report

Borqs Technologies Reports Half-Year 2024 Financial Results; Successfully Increases Efficiency

Borqs Technologies’ Capital Structure to be Revamped by Recently Announced Sale of Business

Sasken to acquire Borqs Technologies Inc’s Business to Expand Capabilities and Market Reach

Performance Overview