UTStarcom reported net sales for Q2 of $549.1 million. Gross margins for the second quarter were 19.9% and GAAP net loss for the quarter was $21.4 million, or a loss of ($0.18) per share.
The company’s cash balance was approximately $647 million at the end of the second quarter, reflecting approximately $25 million of positive cash flow from operations, offset by approximately $50 million used to pay down short- term debt in the quarter.
http://www.utstarcom.com
