# EDGAR Filing Document

**Accession Number:** 0001030471
**File Stem:** 0001193125-25-191701
**Filing Date:** 2025-8
**Character Count:** 16634
**Document Hash:** 134f044f88bbf761af69dbcd866f7fd3
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-191701.hdr.sgml**: 20250829

**ACCESSION NUMBER**: 0001193125-25-191701

**CONFORMED SUBMISSION TYPE**: 6-K

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250829

**FILED AS OF DATE**: 20250829

**DATE AS OF CHANGE**: 20250829

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** UTSTARCOM HOLDINGS CORP.
- **CENTRAL INDEX KEY:** 0001030471
- **STANDARD INDUSTRIAL CLASSIFICATION:** COMMUNICATIONS EQUIPMENT, NEC [3669]
- **ORGANIZATION NAME:** 04 Manufacturing
- **EIN:** 521782500
- **STATE OF INCORPORATION:** E9
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 6-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-35216
- **FILM NUMBER:** 251275787

**BUSINESS ADDRESS:**
- **STREET 1:** 4TH FLOOR, SOUTH WING, 368 LIUHE ROAD
- **STREET 2:** BINJIANG DISTRICT
- **CITY:** HANGZHOU, P.R.
- **STATE:** F4
- **ZIP:** NA
- **BUSINESS PHONE:** 86 571 8192 8888

**MAIL ADDRESS:**
- **STREET 1:** 4TH FLOOR, SOUTH WING, 368 LIUHE ROAD
- **STREET 2:** BINJIANG DISTRICT
- **CITY:** HANGZHOU, P.R.
- **STATE:** F4
- **ZIP:** NA

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** UTSTARCOM INC
- **DATE OF NAME CHANGE:** 19970110

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**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 6-K**

**REPORT OF FOREIGN PRIVATE ISSUER**

**PURSUANT TO RULE 13a-16 OR 15d-16 UNDER**

**THE SECURITIES EXCHANGE ACT OF 1934**

**For the month of August 2025**

**Commission File Number: 001-35216**

**UTSTARCOM HOLDINGS CORP.**

**4th Floor, South Wing, 368 Liuhe Road, Binjiang District, Hangzhou, P.R. China**

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F Form 40-F

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):

Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes  No 

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**EXHIBIT INDEX**

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| | |
|:---|:---|
| **Exhibit** <br>**No.** | **Description** |
| 99.1 | [<u>Press Release regarding UTStarcom Reports Unaudited Financial Results for First Half of 2025</u>](utsi-ex99_1.htm) |

---

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**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

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| | | |
|:---|:---|:---|
|  | UTSTARCOM HOLDINGS CORP. | UTSTARCOM HOLDINGS CORP. |
| Date: August 29, 2025 | By: | /s/ Dan Xie |
|  |  | Name: Dan Xie |
|  |  | Title: Chief Financial Officer |

---

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## Exhibit 99.1

**Exhibit 99.1**

**UTStarcom Reports Unaudited Financial Results for First Half of 2025**

Hangzhou, August 29, 2025— UTStarcom ("UT," "UTStarcom" or the "Company") (NASDAQ: UTSI), a global telecommunications infrastructure provider, today reported its unaudited financial results and a business update for the six months ended June 30, 2025 ("the first half").

**Business Highlights:**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•**Multi-million dollar China Telecom Research Institute RFP win.** UTStarcom has been selected as a major winner of the RFP "Self-developed STN-A Equipment Hardware Production and OEM Procurement Project" from Guangdong Research Institute of China Telecom Co., Ltd ("China Telecom Research Institute") for manufacturing of a large number of disaggregated router hardware platforms intended for use on China Telecom's STN network – China Telecom's metropolitan area network, which is crucial for supporting its 5G mobile network services, as well as enterprise, broadband, cloud, and other services.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•**Maintenance and support services orders.** In 1H 2025, UTStarcom received multiple maintenance and warranty support orders from our customers. The ordered services are related to the deployed UT's solutions such as PTN, NMS, SyncRing, and IMS.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•**Expansion orders.** In 1H 2025, UTStarcom continued receiving expansion orders, including the NetRing PTN network expansion for the mobile transport network of a Mobile Operator in Europe, and the features expansion order for the IMS Broadband Core solution deployed by one of our key Indian customers.

UTStarcom's Chief Executive Officer Mr. Hua Li commented, "We have been working hard to develop and market our products to new clients, while continuing to support our existing customers. We are pleased with the progress we have made so far, and we will continue to explore additional opportunities for growth."

**First Half 2025 Financial Results**

**Summary of 1H 2025 Key Financials**

---

| | | | |
|:---|:---|:---|:---|
|  | **1H 2025** | **1H 2024** | **Y/Y Change** |
| &nbsp;&nbsp;Revenue | $4.6 | $5.7 | -19.3% |
| &nbsp;&nbsp;Gross Profit | $0.8 | $1.7 | -52.9% |
| &nbsp;&nbsp;Operating Expenses | $4.9 | $5.3 | -7.5% |
| &nbsp;&nbsp;Operating Loss | ($4.2) | ($3.6) | -$0.6 |
| &nbsp;&nbsp;Net Loss  | ($3.7) | ($2.0) | -$1.7 |
| &nbsp;&nbsp;Basic EPS | ($0.41) | ($0.22) | -$0.19 |
| &nbsp;&nbsp;Cash Balance (including Restricted Cash) | $49.2 | $56.0 | -12.1%  |

---

<sup>\*</sup> Dollar comparisons are used where percentage comparisons are not meaningful.

<sup>\*</sup> All amounts are in U.S. Dollars millions except for Earnings Per Share (EPS)

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**Total Revenues**

Total revenues for the first half of 2025 were $4.6 million, compared to $5.7 million in the corresponding period in 2024.

• Net equipment sales were $0.5 million, a decrease of 31.6% from $0.8 million in the corresponding period in 2024, driven by lower sales to major customers in India.

• Net services sales were $4.1 million, a decrease of 16.9% from $4.9 million in the corresponding period in 2024. The decrease was mainly due to the completion of current projects and no new major projects in India.

**Gross Profit**

Gross profit was $0.8 million, or 16.2% of net sales, for the first half of 2025, compared to $1.7 million, or 30.0% of net sales, in the corresponding period in 2024.

• Gross loss on equipment sales was $0.2 million, compared to gross profit of $0.1 million in the corresponding period in 2024. Equipment gross margin for the first half of 2025 was negative 30.4%, compared to 10.6% for the corresponding period in 2024. The decrease in gross margin was due to a lower equipment revenue and higher inventory reserves.

• Service gross margin was $1.0 million, compared to $1.6 million in the corresponding period in 2024. Service gross margin was 22.4%, compared to 33.1% for the corresponding period in 2024, due to decreased activity with the major customer in India.

**Operating Expenses**

Operating expenses for the first half of 2025 were $4.9 million, compared to $5.3 million in the corresponding period in 2024.

• Selling, general and administrative ("SG&A") expenses for the first half of 2025 were $2.6 million, compared to $2.7 million in the corresponding period in 2024. The decrease was mainly due to continued tight cost controls.

• Research and development ("R&D") expenses were $2.3 million, compared to $2.6 million in the corresponding period in 2024. The decrease was mainly attributable to the completion of current projects and continued tight cost controls.

**Operating Loss**

Operating loss for the first half of 2025 was $4.2 million, compared to $3.6 million in the corresponding period in 2024.

**Interest Income, Net**

Net interest income for the first half of 2025 was $1.2 million, compared to $1.3 million in the corresponding period in 2024.

**Other Income (Expenses), Net** 

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Net other expense for the first half of 2025 was $0.2 million, compared to net other income of $0.8 million for the corresponding period in 2024. Other expense mainly reflects a foreign exchange loss resulting from the depreciation of the U.S. dollar against the Renminbi, and a loss in fair value changes.

**Net Loss**

Net loss attributable to shareholders for the first half of 2025 was $3.7 million, compared to $2.0 million in the corresponding period in 2024. Basic net loss per share for the first half of 2025 was $0.41, compared to $0.22 for the corresponding period in 2024.

**Cash Flow**

Cash used in operating activities in the first half of 2025 was $4.5 million, cash used in investing activities was $0.05 million, and cash provided by financing activities was nil. As of June 30, 2025, UTStarcom had cash, cash equivalents and restricted cash of $49.2 million.

**About UTStarcom Holdings Corp.**

UTStarcom is committed to helping network operators offer their customers the most innovative, reliable and cost-effective communication services. UTStarcom offers high performance advanced equipment optimized for the most rapidly growing network functions, such as mobile backhaul, metro aggregation and broadband access. UTStarcom has operations and customers around the world, with a special focus on Japan, India and China. UTStarcom was founded in 1991 and listed its shares on the Nasdaq Market in 2000 (symbol: UTSI). For more information about UTStarcom, please visit http://www.utstar.com.

**Forward-Looking Statements**

This press release includes forward-looking statements, including statements regarding the Company's strategic initiatives and the Company's business outlook. These statements are forward-looking in nature and subject to risks and uncertainties that may cause actual results to differ materially and adversely from the Company's current expectations. These include risks and uncertainties related to, among other things, changes in the financial condition and cash position of the Company, changes in the composition of the Company's management and their effect on the Company, the Company's ability to realize anticipated results of operational improvements and benefits of the divestiture transaction, the ability to successfully identify and acquire appropriate technologies and businesses for inorganic growth and to integrate such acquisitions, the ability to internally innovate and develop new products, assumptions the Company makes regarding the growth of the market and the success of the Company's offerings in the market and the Company's ability to execute its business plan and manage regulatory matters. The risks and uncertainties also include the risk factors identified in the Company's latest annual report on Form 20-F and current reports on Form 6-K as filed with the Securities and Exchange Commission. The Company is in a period of strategic transition and the conduct of its business is exposed to additional risks as a result. All forward-looking statements included in this press release are based upon information available to the Company as of the date of this press release, which may change and the Company assumes no obligation to update any such forward-looking statements.

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**For investor and media inquiries, please contact:**

UTStarcom Holdings Corp.

Tel: +86 (571) 8192 8888

Ms. Shelley Jiang, Investor Relations

Email: utsi-ir@utstar.com/ Shelleyjiang@utstar.com /

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**UTStarcom Holdings Corp.**

**Unaudited Condensed Consolidated Balance Sheets**

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| | | |
|:---|:---|:---|
|  | **June 30,** | **December 31,** |
|  | **2025** | **2024** |
|  | **(In thousands)** | **(In thousands)** |
| **ASSETS** |  |  |
| Current assets: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Cash and cash equivalents | $40423 | $43913 |
| &nbsp;&nbsp;&nbsp;&nbsp;Accounts and notes receivable, net | 5293 | 5508 |
| &nbsp;&nbsp;&nbsp;&nbsp;Short-term investments | 105 | 165 |
| &nbsp;&nbsp;&nbsp;&nbsp;Inventories and deferred costs | 2024 | 2207 |
| &nbsp;&nbsp;&nbsp;&nbsp;Short-term restricted cash | 6681 | 6824 |
| &nbsp;&nbsp;&nbsp;&nbsp;Prepaid and other current assets | 4051 | 4454 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total current assets | 58577 | 63071 |
| Long-term assets: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Property, plant and equipment, net | 430 | 476 |
| &nbsp;&nbsp;&nbsp;&nbsp;Operating lease right-of-use assets, net | 926 | 1399 |
| &nbsp;&nbsp;&nbsp;&nbsp;Long-term restricted cash | 2097 | 2406 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other long-term assets | 870 | 848 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total long-term assets | 4323 | 5129 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | $62900 | $68200 |
| **LIABILITIES AND EQUITY** |  |  |
| Current liabilities: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Accounts payable | $5602 | $7008 |
| &nbsp;&nbsp;&nbsp;&nbsp;Customer advances | 512 | 769 |
| &nbsp;&nbsp;&nbsp;&nbsp;Deferred revenue | 39 | 62 |
| &nbsp;&nbsp;&nbsp;&nbsp;Income tax payable | 8305 | 8163 |
| &nbsp;&nbsp;&nbsp;&nbsp;Operating lease liabilities, current | 1085 | 1184 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other current liabilities | 4072 | 4342 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total current liabilities | 19615 | 21528 |
| Long-term liabilities: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Operating lease liabilities, non-current | 25 | 404 |
| &nbsp;&nbsp;&nbsp;&nbsp;Long-term deferred revenue and other liabilities | 1052 | 1042 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 20692 | 22974 |
| Total equity | 42208 | 45226 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities and equity | $62900 | $68200 |

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**UTStarcom Holdings Corp.**

**Unaudited Condensed Consolidated Statements of Operations**

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| | | |
|:---|:---|:---|
|  | **Six months ended June 30,** | **Six months ended June 30,** |
|  | **2025** | **2024** |
|  | **(In thousands, except per share data)** | **(In thousands, except per share data)** |
| Net sales | $4634 | $5719 |
| Cost of net sales | 3883 | 4004 |
| Gross profit | 751 | 1715 |
|  | 16.2% | 30.0% |
| Operating expenses: |  |  |
| Selling, general and administrative | 2580 | 2740 |
| Research and development | 2324 | 2575 |
| Total operating expenses | 4904 | 5315 |
| Operating loss | (4153) | (3600) |
| Interest income, net | 1155 | 1332 |
| Other income (expense), net | (161) | 806 |
| Loss before income taxes | (3159) | (1462) |
| Income tax expense | (563) | (554) |
| Net loss attributable to UTStarcom<br> Holdings Corp. | $(3722) | $(2016) |
| Net loss per share attributable to<br> UTStarcom Holdings Corp.—Basic | $(0.41) | $(0.22) |
| Weighted average shares outstanding—Basic | 9150 | 9141 |

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**UTStarcom Holdings Corp.**

**Unaudited Condensed Consolidated Statements of Cash Flows**

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| | | |
|:---|:---|:---|
|  | **Six months ended June 30,** | **Six months ended June 30,** |
|  | **2025** | **2024** |
|  | **(In thousands)** | **(In thousands)** |
| CASH FLOWS FROM OPERATING ACTIVITIES: |  |  |
| Net Loss | $(3722) | $(2016) |
| &nbsp;&nbsp;&nbsp;&nbsp;Depreciation | 100 | 137 |
| &nbsp;&nbsp;&nbsp;&nbsp;Allowance(Recovery) for credit losses | 43 | (2) |
| &nbsp;&nbsp;&nbsp;&nbsp;Stock-based compensation expense | 57 | 61 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gain on release of tax liability due to expiration of the statute of limitations | (11) | (11) |
| &nbsp;&nbsp;&nbsp;&nbsp;Right-of-use assets amortization | 533 | 579 |
| &nbsp;&nbsp;&nbsp;&nbsp;Changes in fair value of equity securities investment | 60 | (369) |
| &nbsp;&nbsp;&nbsp;&nbsp;Changes in operating assets and liabilities | (1595) | (866) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net cash used in operating activities | (4535) | (2487) |
| CASH FLOWS FROM INVESTING ACTIVITIES: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Additions to property, plant and equipment | (46) | (106) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net cash used in investing activities | (46) | (106) |
| CASH FLOWS FROM FINANCING ACTIVITIES: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net cash provided by financing activities |  |  |
| Effect of exchange rate changes on cash and cash equivalents | 639 | (1016) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net decrease in cash and cash equivalents | (3942) | (3609) |
| Cash, cash equivalents and restricted cash at beginning of period | 53143 | 59647 |
| Cash, cash equivalents and restricted cash at end of period | $49201 | $56038 |

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