UTStarcom (UTSI) Reports Q4 Loss of $0.37/Share

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Go back to UTStarcom (UTSI) Reports Q4 Loss of $0.37/Share

UTStarcom Reports Unaudited GAAP Financial Results for the Fourth Quarter and Full year 2015

March 11, 2016 4:57 AM EST

- Exceeded Q4 Revenue Expectations -- Q4 gross margin improved to 30.1% - - Achieved operating profitability and positive operating cash flow in Q4 -

HONG KONG, March 11, 2016 (GLOBE NEWSWIRE) -- UTStarcom Holdings Corp. (UTStarcom or the Company) (NASDAQ: UTSI), a global telecommunications infrastructure provider, today reported its unaudited financial results for the fourth quarter and full year 2015.

Mr. Tim Ti, UTStarcoms Chief Executive Officer, stated, We made good progress in transforming our business in 2015. We brought discipline and efficiency to our business, improved gross margin, and... More