Borqs Technologies, Inc. (BRQS) Financial Statements (2024 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
Q3
6/30/2018
Q2
3/31/2018
Q1
12/31/2017
Q4
9/30/2017
Q3
6/30/2017
Q4
3/31/2017
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,3053,02613,06015,978319396
Cash and cash equivalents1,3053,02613,06015,978319396
Restricted cash and investments766213,4593,419  
Receivables36,67146,30672,03841,482  
Inventory, net of allowances, customer advances and progress billings14,11920,78417,03117,938  
Inventory14,11920,78417,03117,938  
Prepaid expense6,4663,0202,2911,970  
Deferred costs730751507453  
Other undisclosed current assets28,74017,02211,14611,0263049
Total current assets:88,79790,930119,53292,266349445
Noncurrent Assets
Property, plant and equipment1,1671,3161,3621,398  
Long-term investments and receivables11,66211,662    
Long-term investments11,66211,662    
Intangible assets, net (including goodwill)21,26921,35320,74020,560  
Goodwill727765736725  
Intangible assets, net (excluding goodwill)20,54220,58820,00419,835  
Asset, held-in-trust     53,55059,821
Deferred costs3,8753,6662,6421,521  
Other noncurrent assets5,6565,8832,9943,028  
Deferred tax assets, net  1,5661,5581,102  
Other undisclosed noncurrent assets1,201     
Total noncurrent assets:44,83045,44629,29627,60953,55059,821
TOTAL ASSETS:133,627136,376148,828119,87553,90060,266
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:19,00716,42512,18210,801266199
Employee-related liabilities2,8692,4572,0302,017  
Accrued liabilities  4,09910,801  
Other undisclosed accounts payable and accrued liabilities16,13813,9686,053(2,017)266199
Debt18,18517,27118,08014,418500500
Deferred revenue and credits12,1077,9607,835  
Due to related parties    12,127286229
Customer advances and deposits6,5193,6231,284  
Other liabilities    52  
Other undisclosed current liabilities25,04313,73150,92220,040  
Total current liabilities:62,23566,05392,76766,5571,052928
Noncurrent Liabilities
Long-term debt and lease obligation5,5635,531    
Long-term debt, excluding current maturities5,5635,531    
Liabilities, other than long-term debt4,0508,5236,9425,974  
Deferred revenue and credits4,7273,3034,376  
Deferred tax liabilities, net4,0503,7963,5551,509  
Other liabilities   8489  
Other undisclosed noncurrent liabilities8,9903,0912,0371,350  
Total noncurrent liabilities:18,60317,1458,9797,324  
Other undisclosed liabilities     459 
Total liabilities:80,83883,198101,74673,8811,511928
Temporary equity, carrying amount     47,38954,338
Equity
Equity, attributable to parent, including:53,23853,17847,08245,9945,0005,000
Common stock     7,1586,875
Additional paid in capital124,058124,058120,642120,479  
Accumulated other comprehensive income (loss)(1,494)825(502)(1,178)  
Accumulated deficit(71,482)(73,230)(74,157)(74,543)(2,158)(1,875)
Other undisclosed equity, attributable to parent2,1561,5251,0991,236  
Equity, attributable to noncontrolling interest(449)     
Other undisclosed equity  549797662  
Total equity:52,78953,72747,87946,6565,0005,000
Other undisclosed liabilities and equity  (549)(797)(662)  
TOTAL LIABILITIES AND EQUITY:133,627136,376148,828119,87553,90060,266

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

9/30/2018
Q3
6/30/2018
Q2
3/31/2018
Q1
12/31/2017
Q4
9/30/2017
Q3
6/30/2017
Q4
3/31/2017
Q3
Revenues56,33958,25655,39544,8643030
Revenue, net58,25655,39544,864  
Financial services revenue  3030
Cost of revenue(48,630)(49,400)(49,074)(35,915)  
Cost of goods and services sold(668)(49,229)(48,942)(35,724)  
Gross profit:7,7098,8566,3218,9493030
Operating expenses(5,377)(5,667)(4,100)(20,435)(355)(1,135)
Other undisclosed operating income (loss)   23(30)(30)
Operating income (loss):2,3323,1892,223(11,483)(355)(1,135)
Nonoperating income (expense)647(419)(421)130  
Gain (loss), foreign currency transaction, before tax633(374)(392)(54)  
Other nonoperating income (expense)12(45)(29)184  
Interest and debt expense(1,117)(245)(356)(378)  
Other undisclosed income from continuing operations before equity method investments, income taxes  4559224  
Income (loss) from continuing operations before equity method investments, income taxes:1,8622,5701,505(11,507)(355)(1,135)
Other undisclosed income from continuing operations before income taxes     201 
Income (loss) from continuing operations before income taxes:1,8622,5701,505(11,507)(155)(1,135)
Income tax expense (benefit)146(1,183)(1,278)(58)  
Income (loss) from continuing operations:2,0081,387227(11,565)(155)(1,135)
Income (loss) before gain (loss) on sale of properties:2,0081,387227(11,565)(155)(1,135)
Net income (loss):2,0081,387227(11,565)(155)(1,135)
Net income (loss) attributable to noncontrolling interest(178)(188)159(250)  
Other undisclosed net income (loss) attributable to parent     (128)57
Net income (loss) attributable to parent:1,8301,199386(11,815)(283)(1,078)
Preferred stock dividends and other adjustments    (6,508)  
Net income (loss) available to common stockholders, diluted:1,8301,199386(18,323)(283)(1,078)

Comprehensive Income ($ in thousands)

9/30/2018
Q3
6/30/2018
Q2
3/31/2018
Q1
12/31/2017
Q4
9/30/2017
Q3
6/30/2017
Q4
3/31/2017
Q3
Net income (loss):2,0081,387227(11,565)(155)(1,135)
Other comprehensive income (loss)(2,397)1,392762582  
Comprehensive income (loss):(389)2,779989(10,983)(155)(1,135)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(100)(248)135(280)  
Comprehensive income (loss), net of tax, attributable to parent:(489)2,5311,124(11,263)(155)(1,135)

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.

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