BRQSF — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2018-11-19

• The Company has achieved significant growth in the last year. Although revenues in the quarter ended September 30, 2018 decreased from the quarter ended June 30, 2018 and also decreased as compared to the same period last year, our net revenues for the nine months ended September 30, 2018 increased …

• Revenues from our Connected Solutions BU were recognized at the time of shipment of products. The fluctuation in hardware net revenues was thus due to when timing of product deliveries were evidenced. Such quarterly fluctuations in hardware net revenues may not be indicative of any pattern within th…

• Started in the second quarter of 2018, the Company designed and rolled out a new security check and activation system that simplified the sales procedure. Using this new activation system, we were able to overcome the effect of tightened security regulations in China on SIM card activation.

• Software net revenues were $1.7 million and $1.9 million for the three months ended September 30, 2018 and 2017, respectively, representing 7.5% and 5.2% of Connected Solutions BU net revenues in those periods. For the nine months ended September 30, 2018 and 2017, software net revenues were $5.6 mi…

• Hardware net revenues were $20.6 million and $34.7 million for the three months ended September 30, 2018 and 2017, respectively, representing 92.5% and 94.8% of Connected Solutions BU net revenues in those periods. The reason for this reduction and fluctuation was discussed in the previous section o…

Text removed vs the prior filing · source: 10-Q · 2018-08-14

• The Company has achieved significant growth in the last year. Net revenues increased from $22.1 million in the quarter ended June 30, 2017 to $56.3 million for the three months ended June 30, 2018. The Company recorded a net income of $2 million in the quarter ended June 30, 2018, compared with a ne…

• Within the MVNO BU, overall net revenues including traditional telephony activities, increased to $7.7 million in the second quarter of 2018 from $7.5 million for the same period in 2017. During the second quarter of 2018, the Company designed and rolled out a new security check and activation syste…

• Software net revenues were $3.5 million and $1.6 million for the three months ended June 30, 2017 and 2018, respectively, representing 23.9% and 3.3% of Connected Solutions BU net revenues in those periods. For the 6 months ended June 30, 2017 and 2018, software net revenues were $6.6 million and $3…

• The decrease primarily reflected the exit by one of the Company’s major chip manufacturer clients from the Android based product platform.

• Hardware net revenues were $11.1 million and $47.0 million for the three months ended June 30, 2017 and 2018, respectively, representing 76.1% and 96.7% of Connected Solutions BU net revenues in those periods. For the six months ended June 30, 2017 and 2018, hardware revenues were $32.8 million and …

Text added vs the prior filing · source: 10-Q · 2018-11-19

• We have funded our operations primarily with proceeds from public and private offerings of our ordinary shares and secured and unsecured debt instruments. Our negative cash flow and cash uses, our projections of the level of cash that will be required for our operations, the terms of the private pla…

Text removed vs the prior filing · source: 10-Q · 2018-08-14

• We have funded our operations primarily with proceeds from public and private offerings of our ordinary shares and secured and unsecured debt instruments. Our negative cash flow and cash uses, our projections of the level of cash that will be required for our operations, the terms of the private pla…