UTStarcom Reports Unaudited Financial Results for First Half of 2025
UTStarcom (NASDAQ: UTSI), a global telecommunications infrastructure provider, reported challenging financial results for H1 2025. The company posted revenue of $4.6 million, down 19.3% year-over-year, with a net loss of $3.7 million ($0.41 per share).
Despite financial headwinds, UTStarcom secured notable business wins, including a major RFP from China Telecom Research Institute for manufacturing disaggregated router hardware platforms. The company also received multiple maintenance and support service orders for PTN, NMS, SyncRing, and IMS solutions, along with expansion orders from European and Indian customers.
Financial metrics showed broad deterioration with gross profit declining 52.9% to $0.8 million, while operating loss widened to $4.2 million. The company maintained a solid cash position of $49.2 million as of June 30, 2025.
UTStarcom (NASDAQ: UTSI), fornitore globale di infrastrutture per le telecomunicazioni, ha registrato risultati finanziari difficili nel primo semestre 2025. La societ脿 ha riportato ricavi per $4,6 milioni, in calo del 19,3% su base annua, e un perdita netta di $3,7 milioni (pari a $0,41 per azione).
Nonostante le difficolt脿 finanziarie, UTStarcom ha ottenuto commesse rilevanti, tra cui una importante RFP dal China Telecom Research Institute per la produzione di piattaforme hardware router disaggregate. Ha inoltre ricevuto diversi ordini di manutenzione e servizi di supporto per le soluzioni PTN, NMS, SyncRing e IMS, oltre a ordini di ampliamento da clienti europei e indiani.
I principali indicatori finanziari hanno mostrato un peggioramento generalizzato: il utile lordo 猫 diminuito del 52,9% attestandosi a $0,8 milioni, mentre la perdita operativa si 猫 ampliata a $4,2 milioni. Al 30 giugno 2025 la societ脿 disponeva di una solida posizione di cassa pari a $49,2 milioni.
UTStarcom (NASDAQ: UTSI), proveedor global de infraestructuras de telecomunicaciones, present贸 resultados financieros complicados en el primer semestre de 2025. La compa帽铆a inform贸 ingresos de $4,6 millones, una ca铆da del 19,3% interanual, y una p茅rdida neta de $3,7 millones ($0,41 por acci贸n).
A pesar de los vientos en contra financieros, UTStarcom consigui贸 contratos importantes, entre ellos una RFP significativa del China Telecom Research Institute para fabricar plataformas hardware de routers desagregados. Tambi茅n recibi贸 m煤ltiples 贸rdenes de mantenimiento y servicios de soporte para las soluciones PTN, NMS, SyncRing e IMS, adem谩s de pedidos de expansi贸n de clientes europeos e indios.
Los indicadores financieros mostraron un deterioro generalizado: el beneficio bruto cay贸 un 52,9% hasta $0,8 millones, mientras que la p茅rdida operativa se ampli贸 a $4,2 millones. Al 30 de junio de 2025, la compa帽铆a manten铆a una s贸lida posici贸n de caja de $49,2 millones.
UTStarcom (NASDAQ: UTSI)電� 旮�搿滊矊 韱奠嫚 鞚疙攧霛� 鞝滉车鞐呾泊搿滌劀 2025雲� 靸侂皹旮办棎 鞏措牑鞖� 鞛 靹标臣毳� 氤搓碃頄堨姷雼堧嫟. 須岇偓電� 毵れ稖 $460毵�鞚� 旮半頃� 鞝勲厔 霃欔赴 雽�牍� 19.3% 臧愳唽頄堨溂氅�, 靾滌啇鞁� $370毵�(欤茧嫻 $0.41)鞚� 旮半頄堨姷雼堧嫟.
鞛鞝� 鞐拲鞐愲弰 攵堦惮頃橁碃 UTStarcom鞚� 欷戩殧頃� 靾橃＜毳� 頇曤炒頄堨姷雼堧嫟. 攴胳鞐愲姅 欷戧淡鞝勳嫚鞐瓣惮鞗�(China Telecom Research Institute)鞚� 雽�順� RFP搿� 攵勳偘順� 霛检毎韯� 頃橂摐鞗柎 頂岆灚韽� 鞝滌“ 甏�霠� 瓿勳暯鞚� 韽暔霅╇媹雼�. 霕愴暅 PTN, NMS, SyncRing 氚� IMS 靻旊（靺橃棎 雽�頃� 雼れ垬鞚� 鞙犾氤挫垬 氚� 歆�鞗� 靹滊箘鞀� 欤茧瓿� 鞙犽熃 氚� 鞚鸽弰 瓿犼皾鞙茧攵�韯办潣 頇曥灔 欤茧鞚� 氚涭晿鞀惦媹雼�.
鞛 歆�響滊姅 鞝勲皹鞝侅溂搿� 鞎呿檾霅橃棃鞀惦媹雼�. 毵れ稖齑濎澊鞚奠潃 52.9% 臧愳唽頃� $80毵岇棎 攴胳长瓿�, 鞓侅梾靻愳嫟鞚� $420毵岇溂搿� 頇曤寑霅橃棃鞀惦媹雼�. 2025雲� 6鞗� 30鞚� 旮办 須岇偓電� $4,920毵�鞚� 鞎堨爼鞝侅澑 順勱笀 氤挫湢瓿犽ゼ 鞙犾頃橁碃 鞛堨姷雼堧嫟.
UTStarcom (NASDAQ: UTSI), fournisseur mondial d'infrastructures de t茅l茅communications, a annonc茅 des r茅sultats financiers difficiles pour le premier semestre 2025. La soci茅t茅 a publi茅 un chiffre d'affaires de 4,6 M$, en baisse de 19,3% sur un an, et une perte nette de 3,7 M$ (0,41 $ par action).
Malgr茅 ces vents contraires, UTStarcom a remport茅 des contrats significatifs, notamment une RFP majeure du China Telecom Research Institute pour la fabrication de plateformes mat茅rielles de routeurs d茅sagr茅g茅s. L'entreprise a 茅galement re莽u plusieurs commandes de maintenance et de support pour les solutions PTN, NMS, SyncRing et IMS, ainsi que des commandes d'expansion de clients europ茅ens et indiens.
Les indicateurs financiers montrent une d茅t茅rioration g茅n茅ralis茅e : le r茅sultat brut a diminu茅 de 52,9% pour s'茅tablir 脿 0,8 M$, tandis que la perte d'exploitation s'est creus茅e 脿 4,2 M$. Au 30 juin 2025, la soci茅t茅 disposait d'une position de tr茅sorerie solide de 49,2 M$.
UTStarcom (NASDAQ: UTSI), ein globaler Anbieter von Telekommunikationsinfrastruktur, meldete f眉r das erste Halbjahr 2025 schwierige Finanzergebnisse. Das Unternehmen verzeichnete Umsatz in H枚he von $4,6 Millionen, ein R眉ckgang von 19,3% gegen眉ber dem Vorjahr, sowie einen Nettoverlust von $3,7 Millionen (entsprechend $0,41 je Aktie).
Trotz der finanziellen Gegenwinde sicherte sich UTStarcom bedeutende Auftr盲ge, darunter eine gro脽e RFP vom China Telecom Research Institute f眉r die Fertigung disaggregierter Router-Hardwareplattformen. Zudem erhielt das Unternehmen mehrere Wartungs- und Supportauftr盲ge f眉r PTN-, NMS-, SyncRing- und IMS-L枚sungen sowie Erweiterungsbestellungen von Kunden in Europa und Indien.
Die finanziellen Kennzahlen zeigten eine breite Verschlechterung: der Bruttogewinn sank um 52,9% auf $0,8 Millionen, w盲hrend der Betriebsverlust auf $4,2 Millionen anstieg. Zum 30. Juni 2025 hielt das Unternehmen eine solide Barposition von $49,2 Millionen.
- Won major RFP from China Telecom Research Institute for STN-A equipment hardware production
- Secured multiple maintenance and support services orders for existing solutions
- Received network expansion orders from European and Indian customers
- Maintained strong cash position of $49.2 million
- Reduced operating expenses by 7.5% through cost control measures
- Revenue declined 19.3% year-over-year to $4.6 million
- Net loss increased to $3.7 million from $2.0 million year-over-year
- Gross profit dropped 52.9% to $0.8 million
- Equipment sales showed negative gross margin of 30.4%
- Service gross margin decreased to 22.4% from 33.1%
Insights
UTStarcom reports deteriorating financials despite contract wins; revenues down 19.3% with widening losses amid structural challenges.
UTStarcom's H1 2025 results reveal concerning financial deterioration despite securing new contracts. Revenue declined by
The company's net loss widened substantially to
The China Telecom Research Institute RFP win for disaggregated router hardware manufacturing represents a potential bright spot, though no revenue figures were disclosed. This contract could help diversify revenue away from the declining Indian market, where both equipment and service sales have fallen significantly. However, given the company's execution challenges and deteriorating margins, it remains uncertain whether this new contract can meaningfully reverse UTStarcom's negative financial trajectory. The remaining cash cushion of
HANGZHOU, China, Aug. 29, 2025 (GLOBE NEWSWIRE) -- UTStarcom (鈥淯T,鈥� 鈥淯TStarcom鈥� or the 鈥淐ompany鈥�) (NASDAQ: UTSI), a global telecommunications infrastructure provider, today reported its unaudited financial results and a business update for the six months ended June 30, 2025 (鈥渢he first half鈥�).
Business Highlights:
- Multi-million dollar China Telecom Research Institute RFP win. UTStarcom has been selected as a major winner of the RFP 鈥淪elf-developed STN-A Equipment Hardware Production and OEM Procurement Project鈥� from Guangdong Research Institute of China Telecom Co., Ltd (鈥淐hina Telecom Research Institute鈥�) for manufacturing of a large number of disaggregated router hardware platforms intended for use on China Telecom鈥檚 STN network 鈥� China Telecom鈥檚 metropolitan area network, which is crucial for supporting its 5G mobile network services, as well as enterprise, broadband, cloud, and other services.
- Maintenance and support services orders. In 1H 2025, UTStarcom received multiple maintenance and warranty support orders from our customers. The ordered services are related to the deployed UT鈥檚 solutions such as PTN, NMS, SyncRing, and IMS.
- Expansion orders. In 1H 2025, UTStarcom continued receiving expansion orders, including the NetRing PTN network expansion for the mobile transport network of a Mobile Operator in Europe, and the features expansion order for the IMS Broadband Core solution deployed by one of our key Indian customers.
UTStarcom鈥檚 Chief Executive Officer, Mr. Hua Li, commented, 鈥淲e have been working hard to develop and market our products to new clients, while continuing to support our existing customers. We are pleased with the progress we have made so far, and we will continue to explore additional opportunities for growth.鈥�
First Half 2025 Financial Results
Summary of 1H 2025 Key Financials
| 听 | 1H 2025 | 1H 2024 | Y/Y Change |
| Revenue | - | ||
| Gross Profit | - | ||
| Operating Expenses | - | ||
| Operating Loss | ( | ( | - |
| Net Loss | ( | ( | - |
| Basic EPS | ( | ( | - |
| Cash Balance (including Restricted Cash) | - |
* Dollar comparisons are used where percentage comparisons are not meaningful.
* All amounts are in U.S. Dollars millions except for Earnings Per Share (EPS)
Total Revenues
Total revenues for the first half of 2025 were
- Net equipment sales were
$0.5 million , a decrease of31.6% from$0.8 million in the corresponding period in 2024, driven by lower sales to major customers in India.
听 - Net services sales were
$4.1 million , a decrease of16.9% from$4.9 million in the corresponding period in 2024. The decrease was mainly due to the completion of current projects and no new major projects in India.
Gross Profit
Gross profit was
- Gross loss on equipment sales was
$0.2 million , compared to gross profit of$0.1 million in the corresponding period in 2024. Equipment gross margin for the first half of 2025 was negative30.4% , compared to10.6% for the corresponding period in 2024. The decrease in gross margin was due to a lower equipment revenue and higher inventory reserves.
听 - Service gross margin was
$1.0 million , compared to$1.6 million in the corresponding period in 2024. Service gross margin was22.4% , compared to33.1% for the corresponding period in 2024, due to decreased activity with the major customer in India.
Operating Expenses
Operating expenses for the first half of 2025 were
- Selling, general and administrative (鈥淪G&A鈥�) expenses for the first half of 2025 were
$2.6 million , compared to$2.7 million in the corresponding period in 2024. The decrease was mainly due to continued tight cost controls.
听 - Research and development (鈥淩&D鈥�) expenses were
$2.3 million , compared to$2.6 million in the corresponding period in 2024. The decrease was mainly attributable to the completion of current projects and continued tight cost controls.
Operating Loss
Operating loss for the first half of 2025 was
Interest Income, Net
Net interest income for the first half of 2025 was
Other Income (Expenses), Net听听听听听听听听
Net other expense for the first half of 2025 was
Net Loss
Net loss attributable to shareholders for the first half of 2025 was
Cash Flow
Cash used in operating activities in the first half of 2025 was
About UTStarcom Holdings Corp.
UTStarcom is committed to helping network operators offer their customers the most innovative, reliable and cost-effective communication services. UTStarcom offers high performance advanced equipment optimized for the most rapidly growing network functions, such as mobile backhaul, metro aggregation and broadband access. UTStarcom has operations and customers around the world, with a special focus on Japan, India and China. UTStarcom was founded in 1991 and listed its shares on the Nasdaq Market in 2000 (symbol: UTSI). For more information about UTStarcom, please visit .
Forward-Looking Statements
This press release includes forward-looking statements, including statements regarding the Company鈥檚 strategic initiatives and the Company鈥檚 business outlook. These statements are forward-looking in nature and subject to risks and uncertainties that may cause actual results to differ materially and adversely from the Company鈥檚 current expectations. These include risks and uncertainties related to, among other things, changes in the financial condition and cash position of the Company, changes in the composition of the Company鈥檚 management and their effect on the Company, the Company鈥檚 ability to realize anticipated results of operational improvements and benefits of the divestiture transaction, the ability to successfully identify and acquire appropriate technologies and businesses for inorganic growth and to integrate such acquisitions, the ability to internally innovate and develop new products, assumptions the Company makes regarding the growth of the market and the success of the Company鈥檚 offerings in the market and the Company鈥檚 ability to execute its business plan and manage regulatory matters. The risks and uncertainties also include the risk factors identified in the Company鈥檚 latest annual report on Form 20-F and current reports on Form 6-K as filed with the Securities and Exchange Commission. The Company is in a period of strategic transition and the conduct of its business is exposed to additional risks as a result. All forward-looking statements included in this press release are based upon information available to the Company as of the date of this press release, which may change and the Company assumes no obligation to update any such forward-looking statements.
For investor and media inquiries, please contact:
UTStarcom Holdings Corp.
Tel: +86 (571) 8192 8888
Ms. Shelley Jiang, Investor Relations
Email: [email protected]/ [email protected] /
| UTStarcom Holdings Corp. | ||||||||
| Unaudited Condensed Consolidated Balance Sheets | ||||||||
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||
| 听 | 听 | June 30, | 听 | 听 | December听31, | 听 | ||
| 听 | 听 | 2025 | 听 | 听 | 2024 | 听 | ||
| 听 | 听 | (In thousands) | 听 | |||||
| ASSETS | 听 | 听 | 听 | 听 | 听 | 听 | ||
| Current assets: | 听 | 听 | 听 | 听 | 听 | 听 | ||
| Cash and cash equivalents | 听 | $ | 40,423 | 听 | 听 | $ | 43,913 | 听 |
| Accounts and notes receivable, net | 听 | 听 | 5,293 | 听 | 听 | 听 | 5,508 | 听 |
| Short-term investments | 听 | 听 | 105 | 听 | 听 | 听 | 165 | 听 |
| Inventories and deferred costs | 听 | 听 | 2,024 | 听 | 听 | 听 | 2,207 | 听 |
| Short-term restricted cash | 听 | 听 | 6,681 | 听 | 听 | 听 | 6,824 | 听 |
| Prepaid and other current assets | 听 | 听 | 4,051 | 听 | 听 | 听 | 4,454 | 听 |
| Total current assets | 听 | 听 | 58,577 | 听 | 听 | 听 | 63,071 | 听 |
| Long-term assets: | 听 | 听 | 听 | 听 | 听 | 听 | ||
| Property, plant and equipment, net | 听 | 听 | 430 | 听 | 听 | 听 | 476 | 听 |
| Operating lease right-of-use assets, net | 听 | 听 | 926 | 听 | 听 | 听 | 1,399 | 听 |
| Long-term restricted cash | 听 | 听 | 2,097 | 听 | 听 | 听 | 2,406 | 听 |
| Other long-term assets | 听 | 听 | 870 | 听 | 听 | 听 | 848 | 听 |
| Total long-term assets | 听 | 听 | 4,323 | 听 | 听 | 听 | 5,129 | 听 |
| Total assets | 听 | $ | 62,900 | 听 | 听 | $ | 68,200 | 听 |
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||
| LIABILITIES AND EQUITY | 听 | 听 | 听 | 听 | 听 | 听 | ||
| Current liabilities: | 听 | 听 | 听 | 听 | 听 | 听 | ||
| Accounts payable | 听 | $ | 5,602 | 听 | 听 | $ | 7,008 | 听 |
| Customer advances | 听 | 听 | 512 | 听 | 听 | 听 | 769 | 听 |
| Deferred revenue | 听 | 听 | 39 | 听 | 听 | 听 | 62 | 听 |
| Income tax payable | 听 | 听 | 8,305 | 听 | 听 | 听 | 8,163 | 听 |
| Operating lease liabilities, current | 听 | 听 | 1,085 | 听 | 听 | 听 | 1,184 | 听 |
| Other current liabilities | 听 | 听 | 4,072 | 听 | 听 | 听 | 4,342 | 听 |
| Total current liabilities | 听 | 听 | 19,615 | 听 | 听 | 听 | 21,528 | 听 |
| Long-term liabilities: | 听 | 听 | 听 | 听 | 听 | 听 | ||
| Operating lease liabilities, non-current | 听 | 听 | 25 | 听 | 听 | 听 | 404 | 听 |
| Long-term deferred revenue and other liabilities | 听 | 听 | 1,052 | 听 | 听 | 听 | 1,042 | 听 |
| Total liabilities | 听 | 听 | 20,692 | 听 | 听 | 听 | 22,974 | 听 |
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||
| Total equity | 听 | 听 | 42,208 | 听 | 听 | 听 | 45,226 | 听 |
| Total liabilities and equity | 听 | $ | 62,900 | 听 | 听 | $ | 68,200 | 听 |
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 |
| UTStarcom Holdings Corp. | ||||||||
| Unaudited Condensed Consolidated Statements of Operations | ||||||||
| 听 | ||||||||
| 听 | 听 | Six听months听ended听June 30, | 听 | |||||
| 听 | 听 | 2025 | 听 | 听 | 2024 | 听 | ||
| 听 | 听 | (In thousands, except per share data) | 听 | |||||
| Net sales | 听 | $ | 4,634 | 听 | 听 | $ | 5,719 | 听 |
| Cost of net sales | 听 | 听 | 3,883 | 听 | 听 | 听 | 4,004 | 听 |
| Gross profit | 听 | 听 | 751 | 听 | 听 | 听 | 1,715 | 听 |
| 听 | 听 | 听 | 16.2 | % | 听 | 听 | 30.0 | % |
| Operating expenses: | 听 | 听 | 听 | 听 | 听 | 听 | ||
| Selling, general and administrative | 听 | 听 | 2,580 | 听 | 听 | 听 | 2,740 | 听 |
| Research and development | 听 | 听 | 2,324 | 听 | 听 | 听 | 2,575 | 听 |
| Total operating expenses | 听 | 听 | 4,904 | 听 | 听 | 听 | 5,315 | 听 |
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||
| Operating loss | 听 | 听 | (4,153) | 听 | 听 | 听 | (3,600) | 听 |
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||
| Interest income, net | 听 | 听 | 1,155 | 听 | 听 | 听 | 1,332 | 听 |
| Other income (expense), net | 听 | 听 | (161) | 听 | 听 | 听 | 806 | 听 |
| Loss before income taxes | 听 | 听 | (3,159) | 听 | 听 | 听 | (1,462) | 听 |
| Income tax expense | 听 | 听 | (563) | 听 | 听 | 听 | (554) | 听 |
| Net loss attributable to UTStarcom Holdings Corp. | 听 | $ | (3,722) | 听 | 听 | $ | (2,016) | 听 |
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||
| Net loss per share attributable to UTStarcom Holdings Corp.鈥擝asic | 听 | $ | (0.41) | 听 | 听 | $ | (0.22) | 听 |
| Weighted average shares outstanding鈥擝asic | 听 | 听 | 9,150 | 听 | 听 | 听 | 9,141 | 听 |
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 |
| UTStarcom Holdings Corp. | ||||||||
| Unaudited Condensed Consolidated Statements of Cash Flows | ||||||||
| 听 | ||||||||
| 听 | 听 | Six听months听ended听June 30, | 听 | |||||
| 听 | 听 | 2025 | 听 | 听 | 2024 | 听 | ||
| 听 | 听 | (In thousands) | 听 | |||||
| CASH FLOWS FROM OPERATING ACTIVITIES: | 听 | 听 | 听 | 听 | 听 | 听 | ||
| Net Loss | 听 | $ | (3,722) | 听 | 听 | $ | (2,016) | 听 |
| Depreciation | 听 | 听 | 100 | 听 | 听 | 听 | 137 | 听 |
| Allowance(Recovery) for credit losses | 听 | 听 | 43 | 听 | 听 | 听 | (2) | 听 |
| Stock-based compensation expense | 听 | 听 | 57 | 听 | 听 | 听 | 61 | 听 |
| Gain on release of tax liability due to expiration of the statute of limitations | 听 | 听 | (11) | 听 | 听 | 听 | (11) | 听 |
| Right-of-use assets amortization | 听 | 听 | 533 | 听 | 听 | 听 | 579 | 听 |
| Changes in fair value of equity securities investment | 听 | 听 | 60 | 听 | 听 | 听 | (369) | 听 |
| Changes in operating assets and liabilities | 听 | 听 | (1,595) | 听 | 听 | 听 | (866) | 听 |
| Net cash used in operating activities | 听 | 听 | (4,535) | 听 | 听 | 听 | (2,487) | 听 |
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||
| CASH FLOWS FROM INVESTING ACTIVITIES: | 听 | 听 | 听 | 听 | 听 | 听 | ||
| Additions to property, plant and equipment | 听 | 听 | (46) | 听 | 听 | 听 | (106) | 听 |
| Net cash used in investing activities | 听 | 听 | (46) | 听 | 听 | 听 | (106) | 听 |
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | ||
| CASH FLOWS FROM FINANCING ACTIVITIES: | 听 | 听 | 听 | 听 | 听 | 听 | ||
| Net cash provided by financing activities | 听 | 听 | 鈥� | 听 | 听 | 听 | 鈥� | 听 |
| Effect of exchange rate changes on cash and cash equivalents | 听 | 听 | 639 | 听 | 听 | 听 | (1,016) | 听 |
| Net decrease in cash and cash equivalents | 听 | 听 | (3,942) | 听 | 听 | 听 | (3,609) | 听 |
| Cash, cash equivalents and restricted cash at beginning of period | 听 | 听 | 53,143 | 听 | 听 | 听 | 59,647 | 听 |
| Cash, cash equivalents and restricted cash at end of period | 听 | $ | 49,201 | 听 | 听 | $ | 56,038 | 听 |
FAQ
What were UTStarcom's (UTSI) key financial results for H1 2025?
What major contract did UTStarcom win from China Telecom in H1 2025?
How did UTStarcom's gross margin perform in H1 2025?
What were UTStarcom's operating expenses in H1 2025?
How much cash does UTStarcom (UTSI) have as of June 2025?
