BORQS TECHNOLOGIES, INC. - Form 6-K Filing

BORQS TECHNOLOGIES, INC. filed a Form 6-K report detailing its unaudited consolidated financial statements for the six months ended June 30, 2025. The report includes a balance sheet and income statement. Key figures from the balance sheet as of June 30, 2025, show total assets of $23,901,000 and total liabilities of $19,269,000, resulting in a total shareholders' equity of $4,632,000. For the six months ended June 30, 2025, the company reported total net revenues of $16,813,000. The cost of revenues was $16,055,000, leading to a total gross profit of $758,000. Operating expenses amounted to $13,067,000, resulting in an operating loss of $12,309,000. The company reported a net income from continuing operations of $6,220,000 for the period, significantly impacted by a gain on disposal of subsidiary of $17,620,000.