Borqs Announces Financial Results for the First Half of 2022; Revenues in 6 Months 2022 Higher than Full Year 2021
Borqs Announces Financial Results for the First Half of 2022; Revenues in 6 Months 2022
• Revenues for the first half 2022 reached $30.1 million, 141% Year-Over-Year (YOY) growth.
• Revenue forecast for 2022 is $50-55 million, YOY growth of over 69%
• Backlog currently stands at $50 million for Holu Hou Energy, LLC (HHE), a majority-owned solar & energy storage system subsidiary.
• Revenues for the first half 2022 reached $30.1 million, 141% Year-Over-Year (YOY) growth.
• Revenue forecast for 2022 is $50-55 million, YOY growth of over 69%
• Backlog currently stands at $50 million for Holu Hou Energy, LLC (HHE), a majority-owned solar & energy storage system subsidiary.
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