STOCK TITAN

Borqs Technologies Inc - BRQSW STOCK NEWS

Welcome to our dedicated news page for Borqs Technologies (Ticker: BRQSW), 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.

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
-
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
-
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
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
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.95%
Tags
none
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.41%
Tags
none
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.36%
Tags
management
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-11.64%
Tags
none
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
17.07%
Tags
none
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
12.08%
Tags
none
Borqs Technologies Inc

Nasdaq:BRQSW

BRQSW Rankings

BRQSW Stock Data

469.55k
Computer Storage Device Manufacturing
Manufacturing