China TechFaith (CNTF) Reports Q1 Loss of $0.06/Share; Appoints New CEO

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 11/4/2026

1. AMD
2. BKNG
3. AMGN
4. DOX
5. DUOL
6. SWKS
7. ANET
8. CVS
9. SPY
10. XYZ

Go back to China TechFaith (CNTF) Reports Q1 Loss of $0.06/Share; Appoints New CEO

TechFaith Reports First Quarter 2015 Financial Results; Announces Management Succession

May 26, 2015 7:12 AM EDT

BEIJING, May 26, 2015 /PRNewswire/ -- China TechFaith Wireless Communication Technology Limited (NASDAQ: CNTF) ("TechFaith" or the "Company") today announced its unaudited financial results for the first quarter ended March 31, 2015.  Separately, the Company announced a planned management succession.

For the first quarter of 2015, TechFaith reported total net revenues of US$24.7 million compared to US$26.7 million in the fourth quarter of 2014 and US$26.8 million in the first quarter of 2014. Gross profit for the first quarter of 2015 was US$2.2 million compared to US$3.5 million in the fourth quarter of 2014 and... More