Nasdaq Market Makers Antitrust Litigation

UTStarcom Reports Unaudited Financial Results for First Half of 2021

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Friday, August 13, 2021
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Net services sales for the first half of 2021 were $7.8 million, an increase of 76.0% from $4.4 million in the corresponding period in 2020.

Key Points: 
  • Net services sales for the first half of 2021 were $7.8 million, an increase of 76.0% from $4.4 million in the corresponding period in 2020.
  • Equipment gross profit for the first half of 2021 was ($1.0) million, compared to $3.2 million in the corresponding period in 2020.
  • Equipment gross margin for the first half of 2021 was (119.1%), compared to 34.3% for the corresponding period in 2020.
  • Service gross margin for the first half of 2021 was $3.2 million, compared to ($0.6) million in the corresponding period in 2020.