Financial Performance - Total revenues for the first half of 2024 were 6.5 million in the first half of 2023[6] - Gross profit was 1.8 million or 28.0% in the same period last year[7] - Operating expenses decreased to 5.8 million, a reduction of 8.6% year-over-year[8] - The operating loss for the first half of 2024 was 4.0 million in the first half of 2023[9] - Net loss attributable to shareholders remained at 0.22[13] Cash and Receivables - Cash balance, including restricted cash, decreased by 7.6% to 60.6 million at the end of 2023[4] - The company collected 4.57 million still outstanding[5] Orders and Margins - New orders received included an expansion order for a mobile transport network in Europe and an IMS solution in India[5] - Service gross margin improved to 33.1% from 24.1% year-over-year, attributed to decreased personnel costs[11] Interest Income - Net interest income increased to 0.9 million in the prior year[10]
UTStarcom(UTSI) - 2024 Q2 - Quarterly Report