BRQSF — what changed in the latest 10-Q
A section-by-section comparison of BRQSF's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2018-11-19 vs the prior 10-Q · 2018-08-14
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +26 | −22 | ~16 | 42 |
| Market risk (Item 3) | Text added/removed | 0 | 0 | ~1 | 10 |
| Controls & procedures | Text added/removed | 0 | 0 | ~1 | 2 |
| Risk factors | Some risk factors updated | +1 | −1 | ~14 | 222 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Not shown (absent or not faithfully extractable): Legal proceedings, Other information
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
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 …
Risk factors
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…
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice