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Borqs Technologies Inc - BRQS STOCK NEWS

Welcome to our dedicated news page for Borqs Technologies (Ticker: BRQS), a resource for investors and traders seeking the latest updates and insights on Borqs Technologies.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Borqs Technologies's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Borqs Technologies's position in the market.

News
Borqs Technologies To Develop Edge AI-enabled Smart Watch for the U.S. Market
Rhea-AI Summary
Borqs Technologies plans to develop an AI-enabled smart watch for the U.S. market. The smart watch will be based on Android and will utilize AI capabilities on the watch chipset platform. It will target seniors in the United States and aims to facilitate everyday life for seniors with special demands for assisted living. The North America Smart Watch Market is expected to grow from USD 39.75 billion in 2023 to USD 85.71 billion by 2028, at a CAGR of 16.61% during the forecast period.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.11%
Tags
AI
-
News
Borqs Technologies and SkyCentrics Will Start Commercial Shipment of Next Generation CTA-2045 ECOPORT Smart Control Products in Q3 2023 for “Electrification of Everything”
Rhea-AI Summary
Borqs Technologies and SkyCentrics have launched the next generation CTA-2045 ECOPORT communication products. The products are more price competitive and feature-rich than the current generation and have better cellular coverage. The first release will start commercial shipment in Q3 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
9.68%
Tags
earnings
-
News
Borqs Technologies To Accelerate Further Expansion Into Artificial Intelligence of Things (AIoT) Solutions
Rhea-AI Summary
Borqs Technologies plans to expand into artificial intelligence, leveraging its deep IoT expertise. They aim to develop consumer-oriented devices and solutions with AI capabilities in industries such as e-health, sports, education, and asset protection. The AIoT market is projected to grow at a CAGR of 20% between 2023 and 2032.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.97%
Tags
none
News
Borqs Technologies Receives Nasdaq Extension to Satisfy Minimum Bid Price Requirement
Rhea-AI Summary
Borqs Technologies, Inc. has been granted an extension by Nasdaq to regain compliance with the minimum $1 bid price requirement. The sale of their solar subsidiary, Holu Hou Energy, may positively impact the stock price due to its significant cash generation potential.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.33%
Tags
none
-
News
Stonegate Capital Partners Updates Coverage on Borqs Technologies Inc. (BRQS) 2H 2022
Rhea-AI Summary
Stonegate Capital Partners updates their coverage on Borqs Technologies Inc.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.93%
Tags
none
-
News
Borqs Technologies Reports Annual Revenues of $52.5 million, an Increase of 77.7%, and Adjusted EBITDA of $4.8 million
Rhea-AI Summary
Borqs Technologies, a global provider of 5G wireless and IoT solutions, reported strong financial results for 2022. Revenues increased by 77.7% YoY to $52.5 million, driven by increased IoT hardware sales and software service revenues. Gross profit increased by 326.6% to $11.1 million, with a gross margin of 21.2%. Adjusted EBITDA reached $4.8 million, a 138% increase compared to the previous year. The company must divest its ownership in Holu Hou Energy, LLC (HHE) as mandated by CFIUS.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.43%
Tags
none
News
Borqs Technologies Engages Cantor Fitzgerald & Co. For the Divestment of Holu Hou Energy LLC
Rhea-AI Summary
Borqs Technologies has engaged Cantor Fitzgerald as its exclusive financial advisor for the divestment of its ownership in Holu Hou Energy. Cantor Fitzgerald will conduct a sales process and has started reaching out to potential acquirers. HHE's solar energy storage system provides resilience and energy security to residential and commercial units. Borqs is required to divest its interests in HHE due to national security risks.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
9.09%
Tags
none
-
News
Borqs Technologies Requests for Hearing regarding the $1 Minimum Bid Price Deficiency
Rhea-AI Summary
Borqs Technologies, Inc. has received a notification from Nasdaq stating that it has not regained compliance with the minimum bid price requirement for continued listing. The company has engaged Donohoe Advisory Associates LLC to request a hearing to stay the suspension or delisting action. The company's shares are expected to remain listed until a decision is made by the Panel.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.1%
Tags
none
-
News
Borqs Technologies Letter to Shareholders Regarding the Divestment of Solar Subsidiary
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.95%
Tags
none
News
Borqs Technologies’ Solar Energy Storage Subsidiary, Holu Hou Energy, Signs Contract with Lendlease for Build-out of Island Palm Communities in Hawaii
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.41%
Tags
none
Stock BRQS logo
Borqs Technologies Inc

Nasdaq:BRQS

BRQS Rankings

N/A Ranked by Market Cap
N/A Ranked by Stock Gains
N/A Ranked by Dividends

BRQS Stock Data

6.28M
6.42M
0.17%
Computer Storage Device Manufacturing
Manufacturing
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Hong Kong
Kwun Tong