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8-K filings in May 2011, explained

2 material Form 8-K filings that 1 company we cover made with the SEC in May 2011, each read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). All of them were written later, when past filings were added: a selection, not every 8-K of the month (see the note below).

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UTSIUTSTARCOM HOLDINGS CORP. May 6, 7:39 AM ET

UTStarcom Q1 revenue falls to $61.3 million; net loss narrows to $10.3 million

Mixed earnings Written later 2.02

UTStarcom reported first quarter 2011 results, with revenue of $61.3 million, down from $80.8 million a year earlier, mainly due to the wind-down of its handset business and lower MSAN product sales. Net loss narrowed to $10.3 million, or $0.07 per share, from $16.0 million, or $0.12 per share, as operating expenses fell 34% year over year, and the company reiterated its 2011 outlook of $300 to $320 million in total revenue and breakeven for the full year.

Q1 2011 revenue was $61.3 million versus $80.8 million in Q1 2010; gross margin was 31% versus 34%.
Q1 2011 operating loss was $11.1 million versus $18.8 million; net loss was $10.3 million, or $0.07 per share, versus $16.0 million, or $0.12 per share.
Cash, cash equivalents and short-term investments were $310.4 million with zero debt, but operating cash flow was negative $39.4 million in Q1 2011.
The company reiterated its 2011 targets: total revenue of $300 to $320 million and breakeven on a full-year basis.

Read the filing on SEC.gov ↗

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.

Briefs marked “Written later” were written in November 2026 for filings that were by then more than three weeks old, so months before mid-October 2026 hold a selection: every material 8-K of the past year for the 100 largest companies we cover and the last 15 important 8-Ks of every other one. Briefs the number check holds back are not shown or counted. Also: the last 45 days, briefs by company, A–Z and the live SEC filings wire.