BRQSF (Borqs Technologies) Gross Margin % : 20.20% (As of Jun. 2024)

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What is Borqs Technologies Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Borqs Technologies's Gross Profit for the six months ended in Jun. 2024 was $3.39 Mil. Borqs Technologies's Revenue for the six months ended in Jun. 2024 was $16.77 Mil. Therefore, Borqs Technologies's Gross Margin % for the quarter that ended in Jun. 2024 was 20.20%.

The historical rank and industry rank for Borqs Technologies's Gross Margin % or its related term are showing as below:

BRQSF' s Gross Margin % Range Over the Past 10 Years
Min: -4.69 Med: 7.4 Max: 25.33
Current: 25.33

During the past 8 years, the highest Gross Margin % of Borqs Technologies was 25.33%. The lowest was -4.69%. And the median was 7.40%.

BRQSF's Gross Margin % is ranked worse than
71.82% of 2647 companies
in the Software industry
Industry Median: 41.26 vs BRQSF: 25.33

Borqs Technologies had a gross margin of 20.20% for the quarter that ended in Jun. 2024 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Borqs Technologies was 0.00% per year.

Borqs Technologies Gross Margin % Historical Data

The historical data trend for Borqs Technologies's Gross Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Borqs Technologies Gross Margin % Chart

Borqs Technologies Annual Data

Trend

Jun16

Jun17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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0.57

5.97

8.82

21.16

25.25

Borqs Technologies Semi-Annual Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Gross Margin %	Get a 7-Day Free Trial													8.68	33.63	19.42	30.38	20.20

Competitive Comparison of Borqs Technologies's Gross Margin %

For the Software - Infrastructure subindustry, Borqs Technologies's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Borqs Technologies's Gross Margin % Distribution in the Software Industry

For the Software industry and Technology sector, Borqs Technologies's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Borqs Technologies's Gross Margin % falls into.

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Borqs Technologies Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Borqs Technologies's Gross Margin for the fiscal year that ended in Dec. 2023 is calculated as

Gross Margin % (A: Dec. 2023 )	=	Gross Profit (A: Dec. 2023 )	/	Revenue (A: Dec. 2023 )
	=	8.1	/	32.046
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(32.046 - 23.953)	/	32.046
	=	25.25 %

Borqs Technologies's Gross Margin for the quarter that ended in Jun. 2024 is calculated as

Gross Margin % (Q: Jun. 2024 )	=	Gross Profit (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	3.4	/	16.773
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(16.773 - 13.385)	/	16.773
	=	20.20 %

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

Borqs Technologies (OTCPK:BRQSF) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Borqs Technologies had a gross margin of 20.20% for the quarter that ended in Jun. 2024 => Competition eroding margins

Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.

Borqs Technologies Gross Margin % Related Terms

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Borqs Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Borqs Technologies Inc (OTCPK:BRQSF) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

7 Shing Yip Street, Office B, 21st Floor, Legend Tower, Kwun Tong, Kowloon, Hong Kong, HKG

Website

https://www.borqs.com

Borqs Technologies Inc is a provider of software development services and products, providing customizable, differentiated, and scalable Android-based smart connected devices and cloud service solutions. The company generates revenue in the form of software, and hardware revenue. A substantial portion of its revenue is generated in the form of hardware revenue which it earns for manufacturing customized products like trackers and smart watches, ruggedized handsets, tablets and smart phones, and mobile connectivity modules for its customers. Its geographical segments include the United States which is its key revenue-generating market, China, India, and the rest of the world.

Executives

Bill Huang	director	6190 CORNERSTONE COURT, SUITE 202, SAN DIEGO CA 92121
Asset Horizon International Ltd	10 percent owner	FLAT C, 8/F., JONSIM PLACE, 228 QUEEN'S ROAD EAST, HONG KONG K3 000 000
Zhengqi International Holding Ltd	10 percent owner	40 WALL STREET, 28TH FL, NEW YORK NY 10005
George Thangadurai	officer: EVP and President of Int Bus	6190 CORNERSTONE COURT, SAN DIEGO CA 92121
Simon Sun	officer: EVP & Co-GM of Prod. Bus. Unit	6190 CORNERSTONE COURT, SUITE 202, SAN DIEGO CA 92121
Wong Joseph Wai Leung	director	6190 CORNERSTONE COURT, SUITE 202, SAN DIEGO CA 92121
Gene Wuu	officer: EVP & GM of Cloud Bus Unit	6190 CORNERSTONE COURT, SUITE 202, SAN DIEGO CA 92121
Hareesh Ramanna	officer: EVP and GM of Cloud Bus Unit	6190 CORNERSTONE COURT, SUITE 202, SAN DIEGO CA 92121
Ye Eric Tao	director	6190 CORNERSTONE COURT, SUITE 202, SAN DIEGO CA 92121
Pat Chan	director, officer: Chair. of the Board, CEO & Pre	UTSTARCOM, INC., 1275 HARBOR BAY PARKWAY, ALAMEDA CA 94502
Anthony K Chan	officer: CFO, EVP Corp. Finance	32108 ALVARADO BLVD., UNIT 138, UNION CITY CA 94587
Intel Corp	10 percent owner	2200 MISSION COLLEGE BLVD, RNB-4-151, SANTA CLARA CA 95054
Bob Li	officer: EVP Corp Affairs & China Sale	6190 CORNERSTONE COURT, SUITE 202, SAN DIEGO CA 92121
Norwest Venture Partners X L P	10 percent owner	525 UNIVERSITY AVE SUITE 800, PALO ALTO CA 94301
Jian Tu	director, officer: President & Chairman	40 WALL STREET, 28TH FL, NEW YORK NY 10005