UTStarcom Reports Revenue Growth Amidst Losses

UTStarcom Holdings (UTSI) has released an update.

UTStarcom Holdings has reported a 39.4% increase in revenue for the second half of 2023 and a 12.1% increase for the full year, compared to the same periods in 2022. Despite higher revenues, the company’s operating losses have widened, with a net loss of $2.0 million for the latter half of the year and $4.0 million for the full year. UTStarcom’s advancements include progress in its 5G transport network portfolio, additional orders in Europe, and expansion in the Indian broadband market.

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