Borqs Technologies, Inc. (BRQS) financial statements (2022 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
SIC 7373 - Computer Integrated Systems Design (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2017
6/30/2017
6/30/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments13,060319462
Cash and cash equivalents13,060319462
Restricted cash and investments3,459  
Receivables72,038  
Inventory, net of allowances, customer advances and progress billings17,031  
Inventory17,031  
Prepaid expense2,291  
Deferred costs507  
Other undisclosed current assets11,1463087
Total current assets:119,532349549
Noncurrent Assets
Property, plant and equipment1,362  
Intangible assets, net (including goodwill)20,740  
Goodwill736  
Intangible assets, net (excluding goodwill)20,004  
Assets held-in-trust 53,55059,877
Deferred costs2,642  
Other noncurrent assets2,994  
Deferred tax assets, net1,558  
Total noncurrent assets:29,29653,55059,877
TOTAL ASSETS:148,82853,90060,426
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:12,182266180
Accrued liabilities4,099  
Employee-related liabilities2,030  
Other undisclosed accounts payable and accrued liabilities6,053266180
Debt18,080500 
Due to related parties 28690
Deferred revenue and credits7,960  
Customer advances and deposits3,623  
Other undisclosed current liabilities50,922  
Total current liabilities:92,7671,052270
Noncurrent Liabilities
Liabilities, other than long-term debt6,942  
Deferred revenue and credits3,303  
Deferred tax liabilities, net3,555  
Other liabilities84  
Other undisclosed noncurrent liabilities2,037  
Total noncurrent liabilities:8,979  
Other undisclosed liabilities 459 
Total liabilities:101,7461,511270
Temporary equity, carrying amount 47,389 
Stockholders' equity
Stockholders' equity attributable to parent, including:47,0825,0005,000
Common stock 7,1585,392
Additional paid in capital120,642  
Accumulated other comprehensive loss(502)  
Accumulated deficit(74,157)(2,158)(392)
Other undisclosed stockholders' equity attributable to parent1,099  
Other undisclosed stockholders' equity797 55,156
Total stockholders' equity:47,8795,00060,156
Other undisclosed liabilities and equity(797)  
TOTAL LIABILITIES AND EQUITY:148,82853,90060,426

Income statement (P&L) ($ in thousands)

12/31/2017
6/30/2017
6/30/2016
Revenues154,30712080
Revenue, net154,307  
Financial services revenue 12080
Cost of revenue(127,141)  
Cost of goods and services sold(126,330)  
Gross profit:27,16612080
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)  
Foreign currency transaction loss, before tax(779)  
Interest and debt expense(1,877)  
Other undisclosed income from continuing operations before equity method investments, income taxes647  
Loss from continuing operations before equity method investments, income taxes:(10,059)(1,966)(469)
Other undisclosed income from continuing operations before income taxes 20177
Loss from continuing operations before income taxes:(10,059)(1,766)(392)
Income tax expense(2,226)  
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)

12/31/2017
6/30/2017
6/30/2016
Net loss:(12,285)(1,766)(392)
Other comprehensive income2,210  
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 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.

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