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Borqs Technologies, Inc. - BRQS STOCK NEWS

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

Borqs Technologies, Inc. (NASDAQ: BRQS) delivers innovative mobile platform solutions and IoT connectivity systems for global enterprises. This dedicated news hub provides investors with centralized access to official announcements, financial disclosures, and strategic developments.

Track critical updates including earnings reports, technology partnerships, and product innovations in mobile communications and smart device integration. Our curated feed ensures timely access to filings, executive statements, and market-moving developments directly from the company.

Key coverage areas include IoT platform enhancements, enterprise solution deployments, and intellectual property milestones. Bookmark this page for streamlined monitoring of BRQS's progress in enabling secure, scalable connectivity solutions across industries.

News

Borqs Technologies, Inc. to Present on October 5th at the WallStreet Research / Global Capital Network / Med Tech Conference in Newport Beach, CA.

Rhea-AI Summary
Borqs Technologies to present at WallStreet Research / Global Capital Network / Med Tech Conference on October 5th, 2023. The company is divesting its 49% stake in HHE and expects substantial cash proceeds. Recent research report assigns a 'Speculative Buy' rating with a target price range of $1.00 to $1.20.
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Borqs Technologies, Inc. featured in an updated research report by WallStreet Research™ with a “Speculative Buy” Rating

Rhea-AI Summary
Borqs Technologies receives 'Speculative Buy' rating with six-month price targets of $1.00 to $1.20 per share. The company expects a nine-figure gain from divesting its stake in Holu Hou Energy, LLC. Revenues for 2022 were over $52.5 million. Borqs aims to expand its core business IP and transition into a Global AIoT solution provider.
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Borqs Technologies Received Extension from CFIUS for HHE Divestment, and Will Consider Share Buyback and/or Pay a Special Dividend

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Borqs Technologies granted extension for divestment of subsidiary, Holu Hou Energy LLC, by CFIUS.
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Borqs Technologies To Develop Edge AI-enabled Smart Watch for the U.S. Market

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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.
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Borqs Technologies and SkyCentrics Will Start Commercial Shipment of Next Generation CTA-2045 ECOPORT Smart Control Products in Q3 2023 for “Electrification of Everything”

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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.
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Borqs Technologies To Accelerate Further Expansion Into Artificial Intelligence of Things (AIoT) Solutions

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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.
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Borqs Technologies Receives Nasdaq Extension to Satisfy Minimum Bid Price Requirement

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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.
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Stonegate Capital Partners Updates Coverage on Borqs Technologies Inc. (BRQS) 2H 2022

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Stonegate Capital Partners updates their coverage on Borqs Technologies Inc.
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Borqs Technologies Reports Annual Revenues of $52.5 million, an Increase of 77.7%, and Adjusted EBITDA of $4.8 million

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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.
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Borqs Technologies Engages Cantor Fitzgerald & Co. For the Divestment of Holu Hou Energy LLC

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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.
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Borqs Technologies, Inc.

Nasdaq:BRQS

BRQS Rankings

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BRQS Stock Data

6.28M
6.42M
0.17%
Software - Application
Technology
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Hong Kong
Kwun Tong