UTStarcom(UTSI) - 2019 Q1 - Earnings Call Presentation

Financial Performance - Revenues for Q1 2019 were $24.7 million, a 9.1% increase year-over-year and a 93.7% increase quarter-over-quarter[5] - Gross profit was $7.0 million, a 23.6% decrease year-over-year but a 21.2% increase quarter-over-quarter[5] - Operating expenses were $7.3 million, a 6.1% increase year-over-year but a 12.3% decrease quarter-over-quarter[5] - The company experienced an operating loss of $0.3 million, an improvement of $2.2 million compared to the previous quarter[5] - Net income was $0.4 million, an improvement of $1.7 million compared to the previous quarter[5] - Basic earnings per share were $0.01, an increase of $0.05 compared to the previous quarter[5] - Cash balance, including restricted cash, was $64.1 million, a 35.2% decrease year-over-year and a 13.0% decrease quarter-over-quarter[5] Business Updates and Outlook - The company is evaluating 5G transport network technologies with a major telecom carrier in China[7, 20, 27] - The company is ramping up its goBox business and launched its first 5G smart vending machine[7, 20, 27] - Cross-selling activities with strategic partner TongDing are underway[7, 20, 27] - The company expects Q2 2019 revenue to be between $13 million and $17 million[43]