Borqs International Holding Corp established in September 2007, is a technology company dedicated to providing customizable, integrated Android software platform solutions and end-to-end service platform solutions for mobile operators, terminal OEMs, and chip manufacturers worldwide. Headquartered in Beijing, Borqs also has offices and research and development facilities in Cupertino, Bangalore, Wuhan and Shenzhen. Supported by leading venture capital and world-class strategic partners, Borqs meets the demands of its global customer base with platforms and services made possible by Borqs technological innovation, leading-edge product development, and complete customer service system. By joining forces with the world’s Tier-1 operators, Borqs has developed the first independently secure and manageable basic software platform for smart phone in China. We have also collaborated with dozens of well-known global terminal manufacturers to commercially launch more than 40 Android terminal products in 15 countries with sales exceeding 4 million units. Through its years of growth, Borqs has accumulated a wealth of Android-related experience supporting mobile internet services. Borqs software provides a superior front-end user experience supported by a scalable,cloud-based backend platform. Our end-to-end service platform supports software upgrades, data backup, synchronization and sharing, VOIP (Voice over Internet Protocol), content push, unified user and device authentication, presence technology,instant messaging, and a growing number of other value added services.

Our technical professionals have backgrounds including mobile phone design and manufacture firms (Motorola, Nokia, Sony Ericsson, Cellon), switching vendors (UTStarcom, Ericsson), internet content providers (Sina, Sohu), and software and hardware enterprises (Microsoft, IBM, Intel). Each of our top managers possesses over 20 years of professional experience,and the management team at Borqs is unsurpassed in its ability to develop andpromote mobile internet basic software, application software, and end-to-end solutions for its clients. Borqs’ professional management team members have backgrounds in world class wireless communication, telecommunication, and semiconductor firms. Our management team is proficient at promoting and developing mobile internet basic software, application software and end-to-end solutions.

On December 27, 2016 Borqs was acquired by The Pacific Securities for $303 million.

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Employee Rating

3.6More
TypeSubsidiary
HQSanta Clara, CA, US
Founded2007
Websiteborqs.com
Cybersecurity ratingBMore
Borqs was founded in 2007 and is headquartered in Santa Clara, CA, US

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Key People/Management at Borqs

Pat Chan

Pat Chan

Founder and Chairman
Anthony Chan

Anthony Chan

CFO and Executive Vice President
Hareesh Ramanna

Hareesh Ramanna

Executive Vice President, Co-General Manager
Simon Sun

Simon Sun

Executive Vice President, Co-General Manager
George Thangadurai

George Thangadurai

Executive Vice President, Head of International Business
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Borqs Office Locations

Borqs has offices in Santa Clara, Bengaluru and Suwon
Santa Clara, CA, US (HQ)
5201 Great America Pkwy #320
Bengaluru, IN
Prestige Al Kareem, #3, Edward Rd
Suwon, KR
5 Haryul-ro 12beon-gil, Yulcheon-dong, Jangan-gu
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Borqs Financials and Metrics

Summary Metrics

Founding Date

2007

Total Funding

$52 m

Investors

In total, Borqs had raised $52 m

Borqs Revenue

Borqs's revenue was reported to be $26.75 m in FY, 2020
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Revenue

128.4m99.0m26.8m

Cost of goods sold

8.7m17.8m9.7m

Gross profit

119.7m81.1m17.1m

Gross profit Margin, %

93%82%64%
Quarterly
USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Revenue

58.3m56.3m28.3m

Cost of goods sold

49.4m668.0k578.0k

Gross profit

8.9m55.7m27.7m

Gross profit Margin, %

15%99%98%
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Cash

461.9k319.3k1.9m1.0m3.0m

Accounts Receivable

2.5m1.7m944.0k

Prepaid Expenses

86.9k30.0k27.0m16.0m17.2m

Inventories

6.8m4.5m2.7m
Quarterly
USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Cash

267.1k620.9k487.8k317.4k640.6k396.5k3.0m1.3m1.3m

Accounts Receivable

39.9m33.3m29.9m

Prepaid Expenses

106.7k124.2k61.9k27.5k48.9k22.8m35.2m35.2m

Inventories

20.8m14.1m11.0m
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Net Income

(392.3k)(1.8m)(72.0m)(35.7m)(34.8m)

Depreciation and Amortization

6.5m6.1m5.6m

Inventories

9.2m2.5m2.2m

Accounts Payable

180.3k85.5k(29.1m)2.1m(3.0m)
Quarterly
USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Net Income

(3.0k)(65.2k)(177.4k)(112.3k)(404.5k)(1.5m)1.2m3.0m521.0k

Depreciation and Amortization

194.0k232.0k307.0k

Accounts Payable

107.0k(53.4k)29.9k18.9k

Cash From Operating Activities

(3.0k)(127.1k)(260.2k)(176.1k)(386.1k)(889.5k)688.0k1.6m6.0m
USDQ1, 2016

Financial Leverage

18.7 x
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Borqs Cybersecurity Score

Cybersecurity ratingPremium dataset

B

82/100

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Borqs Online and Social Media Presence

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Borqs News and Updates

Borqs Technologies Announces Binding Term Sheet to Acquire Solar Energy and Storage Company, Holu Hou Energy LLC

Investor Conference Call Scheduled for Thursday, September 9 at 4:15 pm ET Investor Conference Call Scheduled for Thursday, September 9 at 4:15 pm ET

Borqs Technologies receives Nasdaq notification regarding minimum bid price deficiency

SANTA CLARA, Calif., Aug. 20, 2021 (GLOBE NEWSWIRE) -- Borqs Technologies, Inc. (Nasdaq: BRQS, “Borqs”, or the “Company”), today announced that the Company has received a written notification (the “Notification Letter”) from the Nasdaq Stock Market LLC (“Nasdaq”) on August 18, 2021, notifying the …

Borqs Technologies Announces Strategic Investment and Collaboration with Zippie in Blockchain IoT Autonomous Payments

SANTA CLARA, Calif., Aug. 11, 2021 (GLOBE NEWSWIRE) -- Borqs Technologies, Inc. (Nasdaq: BRQS, “Borqs”, or the “Company”), a global provider of embedded software and products for the Internet of Things (IoT), has signed an agreement with Zippie, a blockchain application and payment platform compan…

Borqs Technologies Postpones Annual General Meeting of Shareholders to August 6, 2021

SANTA CLARA, Calif., July 30, 2021 (GLOBE NEWSWIRE) -- Borqs Technologies, Inc. (Nasdaq: BRQS, “Borqs”, or the “Company”), a global provider of embedded software and products for the Internet of Things (IoT) and a portfolio company of Qualcomm Technologies, today announced the postponement of the …

Borqs Technologies Forms Joint Venture to Develop 1.9 million sq.ft., $110 million 5G Industrial Park Project in Huzhou, China

SANTA CLARA, Calif., July 22, 2021 (GLOBE NEWSWIRE) -- Borqs Technologies, Inc. (Nasdaq: BRQS, “Borqs”, or the “Company”), a global provider of embedded software and products for the Internet of Things (IoT) and a portfolio company of Qualcomm Technologies, today announced that the Company, throug…

Borqs Technologies Interview Aired on Bloomberg U.S. on the RedChip Money Report®

SANTA CLARA, Calif., July 19, 2021 (GLOBE NEWSWIRE) -- Borqs Technologies, Inc. (Nasdaq: BRQS, “Borqs”, or the “Company”), a global provider of embedded software and products for the Internet of Things (IoT) and a portfolio company of Qualcomm Technologies, today announced an interview with CFO An…
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Borqs Frequently Asked Questions

  • When was Borqs founded?

    Borqs was founded in 2007.

  • Who are Borqs key executives?

    Borqs's key executives are Pat Chan, Anthony Chan and Hareesh Ramanna.

  • How many employees does Borqs have?

    Borqs has 515 employees.

  • What is Borqs revenue?

    Latest Borqs annual revenue is $26.8 m.

  • What is Borqs revenue per employee?

    Latest Borqs revenue per employee is $51.9 k.

  • Who are Borqs competitors?

    Competitors of Borqs include Save, PickMe and Clarity Software Solutions.

  • Where is Borqs headquarters?

    Borqs headquarters is located at 5201 Great America Pkwy #320, Santa Clara.

  • Where are Borqs offices?

    Borqs has offices in Santa Clara, Bengaluru and Suwon.

  • How many offices does Borqs have?

    Borqs has 4 offices.