Utstarcom Holdings Financials

UTSI

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2024 Currency USD FYE December

This page shows Utstarcom Holdings (UTSI) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 38/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Utstarcom Holdings has an operating margin of -67.4%, meaning the company retains $-67 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from -43.2% the prior year.

Growth

Utstarcom Holdings's revenue declined 30.9% year-over-year, from $15.8M to $10.9M. This contraction results in a growth score of 0/100.

Leverage

Utstarcom Holdings carries a low D/E ratio of 0.51, meaning only $0.51 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 92/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

With a current ratio of 2.93, Utstarcom Holdings holds $2.93 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 97/100.

Cash Flow

While Utstarcom Holdings generated -$4.5M in operating cash flow, capex of $158K consumed most of it, leaving -$4.6M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.

Piotroski F-Score Weak

0/9

Utstarcom Holdings passes 0 of 9 financial strength tests. No profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.

Earnings Quality Low Quality

1.02x

For every $1 of reported earnings, Utstarcom Holdings generates $1.02 in operating cash flow (-$4.5M OCF vs -$4.4M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Key Financial Metrics

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Revenue

$10.9M

YoY-30.9%

5Y CAGR-30.2%

10Y CAGR-21.9%

Utstarcom Holdings generated $10.9M in revenue in fiscal year 2024. This represents a decrease of 30.9% from the prior year.

EBITDA

-$5.9M

YoY-10.3%

Utstarcom Holdings's EBITDA was -$5.9M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 10.3% from the prior year.

Free Cash Flow

-$4.6M

YoY+2.5%

Utstarcom Holdings generated -$4.6M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 2.5% from the prior year.

Net Income

-$4.4M

YoY-13.4%

Utstarcom Holdings reported -$4.4M in net income in fiscal year 2024. This represents a decrease of 13.4% from the prior year.

EPS (Diluted)

$-0.48

YoY-14.3%

Utstarcom Holdings earned $-0.48 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 14.3% from the prior year.

Cash & Debt

$43.9M

YoY-12.1%

5Y CAGR+4.7%

10Y CAGR-5.6%

Utstarcom Holdings held $43.9M in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

YoY+0.5%

Utstarcom Holdings had 9M shares outstanding in fiscal year 2024. This represents an increase of 0.5% from the prior year.

Gross Margin

26.7%

YoY-1.2pp

5Y CAGR-10.1pp

10Y CAGR+9.6pp

Utstarcom Holdings's gross margin was 26.7% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 1.2 percentage points from the prior year.

Operating Margin

-67.4%

YoY-24.2pp

5Y CAGR-58.0pp

10Y CAGR-56.5pp

Utstarcom Holdings's operating margin was -67.4% in fiscal year 2024, reflecting core business profitability. This is down 24.2 percentage points from the prior year.

Net Margin

-40.2%

YoY-15.7pp

5Y CAGR-34.2pp

10Y CAGR-16.8pp

Utstarcom Holdings's net profit margin was -40.2% in fiscal year 2024, showing the share of revenue converted to profit. This is down 15.7 percentage points from the prior year.

Return on Equity

N/A

R&D Spending

$5.1M

YoY-13.5%

5Y CAGR-18.9%

10Y CAGR-8.0%

Utstarcom Holdings invested $5.1M in research and development in fiscal year 2024. This represents a decrease of 13.5% from the prior year.

Share Buybacks

N/A

Capital Expenditures

$158K

YoY-38.0%

5Y CAGR-20.8%

10Y CAGR-19.0%

Utstarcom Holdings invested $158K in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 38.0% from the prior year.

UTSI Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$10.9M-30.9%	$15.8M+12.1%	$14.1M-11.7%	$15.9M-34.5%	$24.3M-63.0%	$65.6M
Cost of Revenue	$8.0M-29.8%	$11.4M-0.2%	$11.4M-33.0%	$17.0M-18.2%	$20.8M-49.9%	$41.5M
Gross Profit	$2.9M-33.8%	$4.4M+64.6%	$2.7M+348.1%	-$1.1M-130.5%	$3.5M-85.4%	$24.2M
R&D Expenses	$5.1M-13.5%	$5.9M+23.5%	$4.8M-30.8%	$6.9M-14.8%	$8.1M-44.1%	$14.5M
SG&A Expenses	N/A	N/A	N/A	N/A	$18.7M+18.1%	$15.8M
Operating Income	-$7.3M-7.7%	-$6.8M-55.2%	-$4.4M+17.5%	-$5.3M+77.1%	-$23.2M-278.7%	-$6.1M
Interest Expense	N/A	N/A	N/A	N/A	$10K-37.5%	$16K
Income Tax	$683K-46.4%	$1.3M-38.2%	$2.1M-37.4%	$3.3M+284.8%	-$1.8M-5648.4%	-$31K
Net Income	-$4.4M-13.4%	-$3.9M+23.0%	-$5.0M+14.2%	-$5.8M+75.4%	-$23.7M-505.1%	-$3.9M
EPS (Diluted)	$-0.48-14.3%	$-0.42+23.6%	$-0.55	$-0.65+75.4%	$-2.64-2300.0%	$-0.11

Metric	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'18	Q4'14
Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A

UTSI Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$68.2M-12.0%	$77.5M-13.2%	$89.2M-17.6%	$108.3M-8.8%	$118.7M-21.5%	$151.3M
Current Assets	$63.1M-10.7%	$70.6M-13.7%	$81.8M-16.4%	$97.8M-11.0%	$109.9M-19.8%	$137.1M
Cash & Equivalents	$43.9M-12.1%	$50.0M-8.3%	$54.5M+1.3%	$53.8M+57.2%	$34.2M-2.1%	$35.0M
Inventory	$1.9M+143.4%	$795K-37.4%	$1.3M-17.4%	$1.5M-77.0%	$6.7M+9.0%	$6.1M
Accounts Receivable	$4.8M-42.1%	$8.4M-29.4%	$11.9M-56.8%	$27.4M-44.7%	$49.6M-36.2%	$77.8M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$23.0M-12.0%	$26.1M-17.8%	$31.8M-20.4%	$39.9M-3.4%	$41.3M-20.7%	$52.1M
Current Liabilities	$21.5M-8.0%	$23.4M-18.9%	$28.9M-18.6%	$35.4M-11.5%	$40.0M-18.3%	$49.0M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$45.2M-12.0%	$51.4M-10.6%	$57.5M-15.9%	$68.4M-11.7%	$77.4M-22.0%	$99.2M
Retained Earnings	-$1.3B-0.3%	-$1.3B-0.3%	-$1.3B-0.4%	-$1.2B-0.5%	-$1.2B-1.9%	-$1.2B

Metric	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'18	Q4'14
Total Assets	$68.2M-12.0%	$77.5M-13.2%	$89.2M-17.6%	$108.3M-8.8%	$118.7M-33.1%	$177.4M-36.4%	$279.1M
Current Assets	$63.1M-10.7%	$70.6M-13.7%	$81.8M-16.4%	$97.8M-11.0%	$109.9M-31.4%	$160.2M-22.2%	$205.8M
Cash & Equivalents	$43.9M-12.1%	$50.0M-8.3%	$54.5M+1.3%	$53.8M+57.2%	$34.2M-40.0%	$57.0M-26.7%	$77.8M
Inventory	$1.9M+143.4%	$795K-37.4%	$1.3M-17.4%	$1.5M-77.0%	$6.7M-74.6%	$26.4M+27.7%	$20.7M
Accounts Receivable	$4.8M-42.1%	$8.4M-29.4%	$11.9M-56.8%	$27.4M-44.7%	$49.6M-18.2%	$60.7M+263.5%	$16.7M
Goodwill	N/A	N/A	$13.8M-0.1%	$13.8M	N/A	$0	N/A
Total Liabilities	$23.0M-12.0%	$26.1M-17.8%	$31.8M-20.4%	$39.9M-3.4%	$41.3M-45.1%	$75.3M-54.0%	$163.7M
Current Liabilities	$21.5M-8.0%	$23.4M-18.9%	$28.9M-18.6%	$35.4M-11.5%	$40.0M-42.6%	$69.8M-46.1%	$129.4M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$45.2M-12.0%	$51.4M-10.6%	$57.5M-15.9%	$68.4M-11.7%	$77.4M-24.2%	$102.2M-11.4%	$115.3M
Retained Earnings	-$1.3B-0.3%	-$1.3B-0.3%	-$1.3B-0.4%	-$1.2B-0.5%	-$1.2B-2.3%	-$1.2B-0.5%	-$1.2B

UTSI Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	-$4.5M+0.5%	-$4.5M-161.5%	$7.3M-63.3%	$19.8M+683.2%	-$3.4M+85.9%	-$24.1M
Capital Expenditures	$158K-38.0%	$255K+2.0%	$250K-28.2%	$348K+202.6%	$115K-77.3%	$507K
Free Cash Flow	-$4.6M+2.5%	-$4.7M-167.4%	$7.0M-63.9%	$19.5M+654.2%	-$3.5M+85.7%	-$24.7M
Investing Cash Flow	-$158K+38.0%	-$255K-2.0%	-$250K-114.3%	$1.8M-11.5%	$2.0M+490.5%	-$507K
Financing Cash Flow	$0-100.0%	$4K-42.9%	$7K	N/A	-$374K+62.3%	-$993K
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	$13K	N/A	$374K-64.3%	$1.0M

Metric	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'18	Q4'14
Operating Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A

UTSI Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	26.7%-1.2pp	27.9%+8.9pp	19.0%+25.7pp	-6.8%-21.3pp	14.5%-22.3pp	36.8%
Operating Margin	-67.4%-24.2pp	-43.2%-12.0pp	-31.2%+2.2pp	-33.4%+62.2pp	-95.6%-86.3pp	-9.3%
Net Margin	-40.2%-15.7pp	-24.4%+11.1pp	-35.6%+1.0pp	-36.6%+60.8pp	-97.4%-91.4pp	-6.0%
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	-6.4%-1.4pp	-5.0%+0.6pp	-5.6%-0.2pp	-5.4%+14.6pp	-19.9%-17.3pp	-2.6%
Current Ratio	2.93-0.1	3.02+0.2	2.84+0.1	2.76+0.0	2.74-0.1	2.80
Debt-to-Equity	0.510.0	0.51-0.0	0.55-0.0	0.58+0.1	0.530.0	0.53
FCF Margin	-42.4%-12.4pp	-30.0%-80.1pp	50.0%-72.4pp	122.4%+136.8pp	-14.5%+23.1pp	-37.6%

Metric	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'18	Q4'14
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Current Ratio	2.93-0.1	3.02+0.2	2.84+0.1	2.76+0.0	2.74+0.4	2.29+0.7	1.59
Debt-to-Equity	0.510.0	0.51-0.0	0.55-0.0	0.58+0.1	0.53-0.2	0.74-0.7	1.42
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is Utstarcom Holdings's annual revenue?

Utstarcom Holdings (UTSI) reported $10.9M in total revenue for fiscal year 2024. This represents a -30.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Utstarcom Holdings's revenue growing?

Utstarcom Holdings (UTSI) revenue declined by 30.9% year-over-year, from $15.8M to $10.9M in fiscal year 2024.

Is Utstarcom Holdings profitable?

No, Utstarcom Holdings (UTSI) reported a net income of -$4.4M in fiscal year 2024, with a net profit margin of -40.2%.

What is Utstarcom Holdings's earnings per share (EPS)?

Utstarcom Holdings (UTSI) reported diluted earnings per share of $-0.48 for fiscal year 2024. This represents a -14.3% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is Utstarcom Holdings's EBITDA?

Utstarcom Holdings (UTSI) had EBITDA of -$5.9M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

What is Utstarcom Holdings's gross margin?

Utstarcom Holdings (UTSI) had a gross margin of 26.7% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

What is Utstarcom Holdings's operating margin?

Utstarcom Holdings (UTSI) had an operating margin of -67.4% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is Utstarcom Holdings's net profit margin?

Utstarcom Holdings (UTSI) had a net profit margin of -40.2% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is Utstarcom Holdings's free cash flow?

Utstarcom Holdings (UTSI) generated -$4.6M in free cash flow during fiscal year 2024. This represents a 2.5% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Utstarcom Holdings's operating cash flow?

Utstarcom Holdings (UTSI) generated -$4.5M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Utstarcom Holdings's total assets?

Utstarcom Holdings (UTSI) had $68.2M in total assets as of fiscal year 2024, including both current and long-term assets.

What are Utstarcom Holdings's capital expenditures?

Utstarcom Holdings (UTSI) invested $158K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How much does Utstarcom Holdings spend on research and development?

Utstarcom Holdings (UTSI) invested $5.1M in research and development during fiscal year 2024.

How many shares does Utstarcom Holdings have outstanding?

Utstarcom Holdings (UTSI) had 9M shares outstanding as of fiscal year 2024.

What is Utstarcom Holdings's current ratio?

Utstarcom Holdings (UTSI) had a current ratio of 2.93 as of fiscal year 2024, which is generally considered healthy.

What is Utstarcom Holdings's debt-to-equity ratio?

Utstarcom Holdings (UTSI) had a debt-to-equity ratio of 0.51 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Utstarcom Holdings's return on assets (ROA)?

Utstarcom Holdings (UTSI) had a return on assets of -6.4% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Utstarcom Holdings's cash runway?

Based on fiscal year 2024 data, Utstarcom Holdings (UTSI) had $43.9M in cash against an annual operating cash burn of $4.5M. This gives an estimated cash runway of approximately 118 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

What is Utstarcom Holdings's Piotroski F-Score?

Utstarcom Holdings (UTSI) has a Piotroski F-Score of 0 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Utstarcom Holdings's earnings high quality?

Utstarcom Holdings (UTSI) has an earnings quality ratio of 1.02x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Utstarcom Holdings?

Utstarcom Holdings (UTSI) scores 38 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.