Borqs Technologies, Inc. (BRQSF)

Borqs Technologies Income Statement

Financials in millions USD. Fiscal year is January - December.

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	32.05	32.05	52.54	29.56	26.75	98.96
Revenue Growth (YoY)	8.41%	-39.00%	77.72%	10.50%	-72.97%	-22.94%
Cost of Revenue	23.95	23.95	41.42	26.96	25.16	98.39
Gross Profit	8.09	8.09	11.12	2.61	1.6	0.57
Selling, General & Admin	13.51	13.51	7.53	23.71	34.05	26.3
Research & Development	4.9	4.9	4.52	5.29	8.16	5.28
Other Operating Expenses	0.12	0.12	1.98	2.96	0.21	-1.85
Operating Expenses	18.52	18.52	14.03	31.96	42.43	29.72
Operating Income	-10.43	-10.43	-2.91	-29.36	-40.83	-29.16
Interest Expense / Income	1.27	1.27	11.73	11.68	3.8	4.97
Other Expense / Income	15.77	15.77	19.33	15.27	-9.53	1.23
Pretax Income	-27.47	-27.47	-33.97	-56.31	-35.1	-35.36
Income Tax	-1.01	-1.01	0.06	-0.45	0.41	-0.95
Net Income	-26.47	-26.47	-34.03	-55.87	-35.5	-34.41
Shares Outstanding (Basic)	13	13	2	1	0	0
Shares Outstanding (Diluted)	13	13	2	1	0	0
Shares Change	2026.09%	582.79%	211.38%	164.93%	23.93%	15.12%
EPS (Basic)	-2.03	-2.03	-15.03	-89.80	-155.64	-168.96
EPS (Diluted)	-2.03	-2.03	-15.03	-89.80	-155.64	-168.96
Free Cash Flow	-7.04	-7.04	-6.24	-29.52	-8.13	-7.49
Free Cash Flow Per Share	-0.54	-0.54	-3.26	-48.06	-35.07	-40.04
Gross Margin	25.25%	25.25%	21.16%	8.82%	5.97%	0.57%
Operating Margin	-32.54%	-32.54%	-5.54%	-99.31%	-152.63%	-29.46%
Profit Margin	-82.59%	-82.59%	-64.78%	-188.98%	-132.71%	-34.77%
Free Cash Flow Margin	-21.97%	-21.97%	-11.88%	-99.86%	-30.40%	-7.57%
EBITDA	-24.85	-24.85	-19.9	-41.57	-24.91	-24.31
EBITDA Margin	-77.54%	-77.54%	-37.88%	-140.62%	-93.11%	-24.56%
Depreciation & Amortization	1.35	1.35	2.34	3.06	6.39	6.08
EBIT	-26.2	-26.2	-22.24	-44.63	-31.3	-30.39
EBIT Margin	-81.76%	-81.76%	-42.33%	-150.98%	-117.01%	-30.71%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).