Borqs Technologies, Inc. (BRQSF) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
TOWER A, BLDG B23 UNIVERSAL BUSINESS PRK CHAOYANG DISTRICT, BEIJING, 100015 |
| State of Incorp. | |
| Fiscal Year End | December 31 |
| Industry (SIC) | 7373 - Computer Integrated Systems Design (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2018 MRQ | 12/31/2017 | 6/30/2017 | 6/30/2016 | |||
|---|---|---|---|---|---|---|
| ASSETS | ||||||
| Current Assets | ||||||
| Cash, cash equivalents, and short-term investments | 13,060 | 319 | 462 | |||
| Cash and cash equivalents | 13,060 | 319 | 462 | |||
| Restricted cash and investments | 3,459 | |||||
| Receivables | 72,038 | |||||
| Inventory, net of allowances, customer advances and progress billings | 17,031 | |||||
| Inventory | 17,031 | |||||
| Prepaid expense | 2,291 | |||||
| Deferred costs | 507 | |||||
| Other undisclosed current assets | 11,146 | 30 | 87 | |||
| Total current assets: | 119,532 | 349 | 549 | |||
| Noncurrent Assets | ||||||
| Property, plant and equipment | 1,362 | |||||
| Intangible assets, net (including goodwill) | 20,740 | |||||
| Goodwill | 736 | |||||
| Intangible assets, net (excluding goodwill) | 20,004 | |||||
| Asset, held-in-trust | 53,550 | 59,877 | ||||
| Deferred costs | 2,642 | |||||
| Other noncurrent assets | 2,994 | |||||
| Deferred tax assets, net | 1,558 | |||||
| Total noncurrent assets: | 29,296 | 53,550 | 59,877 | |||
| TOTAL ASSETS: | 148,828 | 53,900 | 60,426 | |||
| LIABILITIES AND EQUITY | ||||||
| Liabilities | ||||||
| Current Liabilities | ||||||
| Accounts payable and accrued liabilities, including: | 12,182 | 266 | 180 | |||
| Employee-related liabilities | 2,030 | |||||
| Accrued liabilities | 4,099 | |||||
| Other undisclosed accounts payable and accrued liabilities | 6,053 | 266 | 180 | |||
| Debt | 18,080 | 500 | ||||
| Deferred revenue and credits | ✕ | 7,960 | ||||
| Due to related parties | 286 | 90 | ||||
| Customer advances and deposits | ✕ | 3,623 | ||||
| Other undisclosed current liabilities | 50,922 | |||||
| Total current liabilities: | 92,767 | 1,052 | 270 | |||
| Noncurrent Liabilities | ||||||
| Liabilities, other than long-term debt | 6,942 | |||||
| Deferred revenue and credits | ✕ | 3,303 | ||||
| Deferred tax liabilities, net | 3,555 | |||||
| Other liabilities | 84 | |||||
| Other undisclosed noncurrent liabilities | 2,037 | |||||
| Total noncurrent liabilities: | 8,979 | |||||
| Other undisclosed liabilities | 459 | |||||
| Total liabilities: | 101,746 | 1,511 | 270 | |||
| Temporary equity, carrying amount | 47,389 | |||||
| Equity | ||||||
| Equity, attributable to parent, including: | 47,082 | 5,000 | 5,000 | |||
| Common stock | 7,158 | 5,392 | ||||
| Additional paid in capital | 120,642 | |||||
| Accumulated other comprehensive loss | (502) | |||||
| Accumulated deficit | (74,157) | (2,158) | (392) | |||
| Other undisclosed equity, attributable to parent | 1,099 | |||||
| Other undisclosed equity | 797 | 55,156 | ||||
| Total equity: | 47,879 | 5,000 | 60,156 | |||
| Other undisclosed liabilities and equity | (797) | |||||
| TOTAL LIABILITIES AND EQUITY: | 148,828 | 53,900 | 60,426 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2018 TTM | 12/31/2017 | 6/30/2017 | 6/30/2016 | ||
|---|---|---|---|---|---|
| Revenues | 154,307 | 120 | 80 | ||
| Revenue, net | ✕ | 154,307 | |||
| Financial services revenue | ✕ | 120 | 80 | ||
| Cost of revenue | (127,141) | ||||
| Cost of goods and services sold | (126,330) | ||||
| Gross profit: | 27,166 | 120 | 80 | ||
| Operating expenses | (35,367) | (1,966) | (469) | ||
| Other undisclosed operating income (loss) | 272 | (120) | (80) | ||
| Operating loss: | (7,929) | (1,966) | (469) | ||
| Nonoperating expense | (900) | ||||
| Loss, foreign currency transaction, before tax | (779) | ||||
| Interest and debt expense | (1,877) | ||||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 647 | ||||
| Loss from continuing operations before equity method investments, income taxes: | (10,059) | (1,966) | (469) | ||
| Other undisclosed income from continuing operations before income taxes | 201 | 77 | |||
| Loss from continuing operations before income taxes: | (10,059) | (1,766) | (392) | ||
| Income tax expense | (2,226) | ||||
| Loss from continuing operations: | (12,285) | (1,766) | (392) | ||
| Loss before gain (loss) on sale of properties: | (12,285) | (1,766) | (392) | ||
| Net loss: | (12,285) | (1,766) | (392) | ||
| Net loss attributable to noncontrolling interest | (210) | ||||
| Net loss attributable to parent: | (12,495) | (1,766) | (392) | ||
| Preferred stock dividends and other adjustments | (6,956) | ||||
| Net loss available to common stockholders, diluted: | (19,451) | (1,766) | (392) | ||
Comprehensive Income ($ in thousands)
| 9/30/2018 TTM | 12/31/2017 | 6/30/2017 | 6/30/2016 | ||
|---|---|---|---|---|---|
| Net loss: | (12,285) | (1,766) | (392) | ||
| Other comprehensive income | 2,210 | ||||
| Comprehensive loss: | (10,075) | (1,766) | (392) | ||
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (298) | ||||
| Comprehensive loss, net of tax, attributable to parent: | (10,373) | (1,766) | (392) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.