Tuesday, August 8, 2006

UTStarcom Reports Revenue of $549.1 Million

UTStarcom reported net sales for Q2 of $549.1 million. Gross margins for the second quarter were 19.9% and GAAP net loss for the quarter was $21.4 million, or a loss of ($0.18) per share.

The company's cash balance was approximately $647 million at the end of the second quarter, reflecting approximately $25 million of positive cash flow from operations, offset by approximately $50 million used to pay down short- term debt in the quarter.


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