UTStarcom Holdings Q4 Loss Narrows - Quick Facts

(RTTNews) - UTStarcom Holdings Corp. (UTSI), a global telecommunications infrastructure provider, reported a fourth-quarter net loss attributable to shareholders of $12.0 million, compared to net loss of $14.2 million, prior year. Net loss per share was $0.33, compared to a loss per share of $0.37. Non-GAAP net loss attributable to shareholders was $13.7 million, flat with prior year. Non-GAAP net loss per share was $0.37, compared to a loss of $0.36.

Total revenues were $26.1 million, a decrease of 20.7% from $32.9 million, previous year. Total Non-GAAP revenues were $25.7 million, a decrease of 10.4% from $28.7 million.

Looking forward, the company said, for the first quarter of 2016, it expects to generate non-GAAP revenue in the range of $15 million to $20 million.