UTStarcom Announces It Has Filed the 2014 Annual Report on Form 20-F and Provides Update on Preliminary Financial Results for the First Quarter of 2015
- 2014 Annual Report on Form 20-F Filed on May 19, 2015 -
- First Quarter 2015 Earnings Date Scheduled for Friday, June 5, 2015 -
HONG KONG, May 19, 2015 (GLOBE NEWSWIRE) -- UTStarcom ("UTStarcom" or "the Company") (Nasdaq:UTSI), a global telecommunications infrastructure provider, today announced that it filed its Annual Report on Form 20-F for the year ended December 31, 2014 with the Securities and Exchange Commission on May 19, 2015.
The Annual Report can be accessed on the Company's investor relations website at http://www.utstar.com/?q=investor-relations/overview. The Company will provide hard copies of the Annual Report to its shareholders upon request.
Additionally, the Company announced that it will report first quarter 2015 financial results and host a conference call to discuss the results on June 5, 2015. The details of the conference call are included below.
In the meantime, the Company is announcing that it expects first quarter 2015 GAAP and non-GAAP revenues to be in the range of $32 million to $33 million. This exceeds the original expectations outlined in the Company's business outlook when it reported fourth quarter and full year 2014 results in March 2015. Non-GAAP revenues exclude discontinued China IPTV revenues during the first quarter.
The Company will host a conference call to discuss financial results for the first quarter at 8:00 a.m. U.S. Eastern Time on Friday, June 5, 2015 (8:00 p.m. Hong Kong/Beijing Time). The conference call dial-in numbers are as follows:
|United States: +1-855-298-3404|
|New York: +1-631-514-2526|
|Hong Kong: +852-5808-3202|
|International: + 61-2-8524-5042|
|The attendee passcode is: 7318280|
A replay of the call will be available two hours after the end of the conference call until 11:59 a.m. U.S. Eastern Time on June 12, 2015.
The conference call replay numbers are as follows:
|United States: +1-866-846-0868|
|Hong Kong: 800-966-697|
|The replay passcode for accessing the recording is 7318280.|
Investors will also have the opportunity to listen to the live conference call and the replay over the Internet through the investor relations section of UTStarcom's web site at: http://www.utstar.com.
About UTStarcom Holdings Corp.
UTStarcom (Nasdaq:UTSI) is a global telecom infrastructure provider dedicated to developing technology that will serve the rapidly growing demand for bandwidth from cloud-based services, mobile, streaming and other applications. We work with carriers globally, from Asia to the Americas, to meet this demand through a range of innovative broadband packet optical transport and wireless/fixed-line access products and solutions. The company's end-to-end broadband product portfolio, enhanced through in-house Software Defined Networking (SDN)-based orchestration, enables mobile and fixed-line network operators and enterprises worldwide to build highly efficient and resilient future-proof networks for a range of applications, including mobile backhaul, metro aggregation, broadband access and Wi-Fi data offload. Our strategic investments in media operational support service providers expand UTStarcom's capabilities in the field of next generation video platforms. UTStarcom was founded in 1991, started trading on NASDAQ in 2000, and has operating entities in Tokyo, Japan; Fremont, USA; Hangzhou, China; Delhi and Bangalore, India. For more information about UTStarcom, please visit http://www.utstar.com.
CONTACT: For investor and media inquiries, please contact: Jiang Ning UTStarcom Holdings Corp. Tel: +852-3951-9757 Email: email@example.com Joanna Jiang (Beijing) Tel: +86-10-8591-1958 Email: Joanna.Jiang@fticonsulting.com Sean Pattwell (Hong Kong) Tel: +852-3768-4543 Email: Sean.Pattwell@fticonsulting.com