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AI brief of an SEC Form 8-K · UTSTARCOM HOLDINGS CORP. (UTSI)

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

Mixed Impact 3 of 5 earnings Written later

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.

Key points

  • 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.

The filing

CompanyUTSTARCOM HOLDINGS CORP. (UTSI)
Form8-K, current report
Filed with the SECMay 6, 2011, 7:39 AM ET
Accession number0001104659-11-026560

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 8:29 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 06, 2011.

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.