Borqs Technologies, Inc. income statement BRQSF

Annual Quarterly

In Q4 of fiscal 2018, the quarter ended Dec 31, 2018, Borqs Technologies, Inc. reported revenue of $14.5 million, down 126.1% from the same quarter a year earlier. It recorded a net loss of $72.3 million. Diluted earnings per share were -$1.74.

USD in millions, except per-share amounts and margins. The percent under a figure is the change from the same quarter a year earlier.

Line	Q4 FY2018 Dec 31, 2018	Q3 FY2018 Sep 30, 2018	Q2 FY2018 Jun 30, 2018	Q1 FY2018 Mar 31, 2018	Q3 FY2017 Sep 30, 2017	Q4 FY2017 Jun 30, 2017	Q2 FY2017 Dec 31, 2016	Q1 FY2017 Sep 30, 2016
Revenue	-14 -126.1%	28 -36.9%	56	58	45	—	—	—
Cost of revenue	12 -48.9%	24 -33.2%	49	49	37	—	—	—
Gross profit	-26 -2343.6%	4 -50.2%	8	9	8	—	—	—
Research and development	3 +257.5%	1 -76.4%	1	1	4	—	—	—
Selling, general and administrative	42 +6792.8%	4 -75.1%	4 +207.8%	5 +30.8%	15	3	-4	4 +36420.0%
Operating income	-71 -27529.2%	-1 +92.4%	2 +811.5%	3 +547.3%	-11 -6358.8%	0 +214.8%	-0	-1
Interest income	-0	0	0	—	—	—	—	—
Interest expense	0 -27.7%	1 +162.2%	1	0	0	—	—	—
Foreign currency gain (loss)	0 +150.8%	0 +175.9%	1	-0	-0	—	—	—
Pretax income	-71 -6492.9%	-2 +84.3%	2	3	-12	—	—	—
Income tax	-1 -179.1%	0 +582.8%	-0	1	0	—	—	—
Net income	-72 -6120.7%	-3 +78.8%	2 +726.2%	1 +163.9%	-12 -10427.7%	-1 -440.8%	-0 -369.6%	-2 -62958.8%
Basic EPS	-1.65 -14591.7%	-0.09 +92.6%	0.07	0.05	-1.21	—	—	—
Diluted EPS	-1.74 -15337.3%	-0.09 +92.6%	0.07	0.04	-1.21	—	—	—
Weighted average shares, basic	44 +59.9%	28 +82.3%	27	26	15	—	—	—
Weighted average shares, diluted	42 +52.1%	28 +82.3%	28	27	15	—	—	—
Other measures
Depreciation and amortization	-0 -123.4%	0 -86.6%	0	0	1	0	—	—
EBITDA	-71 -16171.8%	-1 +92.7%	2	3	-11	0	—	—
Interest coverage	-316.96x	-0.88x	2.09x	13.02x	-30.38x	0.84x	—	—
Margins
Gross margin	182.69%	13.58%	13.68%	15.20%	17.20%	—	—	—
Operating margin	492.96%	-3.09%	4.14%	5.47%	-25.60%	—	—	—
Pretax margin	493.16%	-6.41%	3.30%	4.41%	-25.78%	—	—	—
Profit margin	499.65%	-8.86%	3.25%	2.06%	-26.34%	—	—	—
EBITDA margin	493.25%	-2.82%	4.21%	5.81%	-24.35%	—	—	—
Effective tax rate	—	—	-7.84%	46.03%	—	—	—	—

How these figures are calculated

Quarterly columns are single-quarter amounts. When a 10-Q reports only a year-to-date total, as cash flow statements do, the quarter is that total minus the previous quarter's year-to-date total. The fourth quarter is the annual report's full year minus the first nine months. A column marked YTD is a year-to-date total, shown when the earlier report needed for the single quarter is missing. USD in millions, except per-share amounts and margins. Weighted average shares are in millions. Interest expense and finance costs are positive costs. A negative amount on a gain (loss) or income (expense) line is a loss or an expense. EBITDA is operating income plus depreciation and amortization. Interest coverage is operating income divided by interest expense. More on our methodology.

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Company profile

Industry: Services-Computer Integrated Systems Design (SIC 7373)
Listed as: BRQSF (OTC)
Fiscal year ends: December 31
Incorporated in: Virgin Islands, British
Headquarters: Kowloon, Hong Kong
SEC filer status: Non-accelerated filer
SEC CIK: 1650575
Former names: Pacific Special Acquisition Corp. (until Aug 18, 2017)

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Source: SEC EDGAR filings. This is company-reported data, not investment advice.