UTStarcom Reports Unaudited Financial Results for Second Half and Full Year 2024
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 24 2025
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Source: Newsfilter
Financial Performance: UTStarcom reported a significant decline in revenue for the second half of 2024, with total revenues dropping to $5.2 million from $9.2 million in the same period of 2023, resulting in a net loss of $2.4 million compared to $1.8 million the previous year.
Business Developments: The company achieved a major milestone by winning a multi-million dollar RFP from China Telecom Research Institute for manufacturing 5G transport network routers and is also expanding its cooperation with a European mobile network operator to support future network expansion plans.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
