Annuncio • Jan 08
UTStarcom Launches SkyFlux SPN310 to Empower Enterprise and Metro Edge Networks UTStarcom Holdings Corp. announced the launch of the SkyFlux SPN310, the newest addition to its cutting-edge SkyFlux Converged Packet Transport platform. The SkyFlux converged Packet Transport Platform is a next-generation communications platform designed to transform network and service delivery through enhanced performance, flexibility, and automation. It achieves this by combining key modern networking technologies such as Segment Routing and FlexE with a software-defined networking approach. The SkyFlux platform is optimized for a variety of applications, including 5G/5G-Advanced mobile traffic midhaul/backhaul, metro aggregation, transport networks, and enterprise networks. The new SkyFlux SPN310 router is a compact, cost-effective product specifically aimed at metro access and enterprise edge applications. It is an ideal solution for SME connectivity, broadband aggregation, and various other transport network scenarios. Key features include: 16Gbps switching capacity; 10GE, GE, FE (optical and electrical) interfaces; Fanless design; Optimized for indoor applications; Built-in AC power supply, low power consumption; Compact form-factor; Available as SkyFlux Converged PackET Transport product, or as NetRing NG-PTN product (different firmware images). New Risk • May 21
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.0% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 5.7% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (9.5% average weekly change). Shareholders have been diluted in the past year (4.0% increase in shares outstanding). Market cap is less than US$100m (€25.2m market cap, or US$27.4m). Board Change • Apr 01
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. 1 highly experienced director. Independent Non-Executive Director Sean S. Shao is the most experienced director on the board, commencing their role in 2012. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Annuncio • Mar 26
UTStarcom Holdings Corp. Announces Changes to Its Board of Directors UTStarcom Holdings Corp. announced changes to the Board of Directors and appointed Dr. Yong Wang as the company’s new independent director, effective Mar. 21, 2024. Dr. Jintong Lin resigned from the Company’s board of Directors, as well as the chairman of the Company’s Nominating and Corporate Governance Committee, member of Audit Committee and Compensation Committee on Mar. 21, 2024, which he had held since September 2019. Dr. Yong Wang was appointed as an independent director of the Company and the positions in various committees vacated by Dr. Lin, effective Mar. 21, 2024. Dr. Wang is currently a professor at the School of Civil, Commercial and Economic Law of China University of Political Science and Law. He is the vice president of the China Commercial Law Research Association and one of the founders of Beijing Hongfan Jiuzhou Consulting Co. Ltd. He also serves as an independent director of Tongding Interconnection Information Co. Ltd. since November 2023, and an independent director of Beijing Capital Eco-Environment Protection Group Co. Ltd. since January 2024. In addition, Dr. Wang serves as the chairman of the board of supervisors of SPD Silicon Valley Bank Co. Ltd. since March 2023, and an independent director of Huaneng Guicheng Trust Co. Ltd.Dr. Wang has been teaching at China University of Political Science and Law since 1999. Mr. Wang earned a bachelor degree in Education from China Youth University of Political Studies in 1990, a master degree in Economic Law from Nanjing University in 1996, and a doctorate degree in Civil and Commercial Law from China University of Political Science and Law in 1999. Reported Earnings • Mar 24
Full year 2023 earnings released: US$0.44 loss per share (vs US$0.55 loss in FY 2022) Full year 2023 results: US$0.44 loss per share (improved from US$0.55 loss in FY 2022). Revenue: US$15.8m (up 12% from FY 2022). Net loss: US$4.02m (loss narrowed 20% from FY 2022). Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. New Risk • Mar 17
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (13% average weekly change). Earnings have declined by 23% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Market cap is less than US$100m (€21.8m market cap, or US$23.8m). New Risk • Jan 27
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 10% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (10% average weekly change). Earnings have declined by 23% per year over the past 5 years. Minor Risk Market cap is less than US$100m (€25.0m market cap, or US$27.1m). Reported Earnings • Sep 03
First half 2023 earnings released: US$0.22 loss per share (vs US$0.19 loss in 1H 2022) First half 2023 results: US$0.22 loss per share (further deteriorated from US$0.19 loss in 1H 2022). Revenue: US$6.51m (down 13% from 1H 2022). Net loss: US$2.01m (loss widened 20% from 1H 2022). Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 27
Full year 2022 earnings released: US$0.56 loss per share (vs US$0.65 loss in FY 2021) Full year 2022 results: US$0.56 loss per share (improved from US$0.65 loss in FY 2021). Revenue: US$14.0m (down 12% from FY 2021). Net loss: US$5.11m (loss narrowed 12% from FY 2021). Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Annuncio • Jan 05
UTStarcom Holdings Corp. Announces New SyncRing PTP Grandmaster UTStarcom Holdings Corp. introduced the SyncRing XGM30E PTP grandmaster, a new addition to its SyncRing family of network synchronization equipment. UTStarcom’s SyncRing time synchronization solution is designed for use in mobile networks and other applications where accurate time and frequency synchronization is a critical requirement. Using a distributed clustered timing architecture, the SyncRing solution enables instant implementation of accurate time and frequency delivery regardless of existing network capabilities. This solution’s architecture uses multiple timing sources (“Grand Masters”) deployed closer to the edge of the network, within minimum number of hops from end applications, for example in lower layers of aggregation networks, at Central Office (CO) locations, Base Band Unit (BBU)/Distributed Unit (DU) locations, or in the vicinity of clusters of small cells such as in shopping malls or office buildings. The SyncRing XGM30E is an indoor PTP Grand Master offering TE accuracy as high as ±40ns (PRTC-B), which can meet the stringent timing requirements of demanding applications including 4G and 5G mobile networks. The product is PTP IEEE 1588-2008 standard compliant supporting major ITU-T frequency and phase/time profiles. It also supports SyncE (Synchronous Ethernet) output on all service interfaces for accurate frequency synchronization, and SyncE input for enhanced time holdover operation during GNSS outage. Highlights of the SyncRing XGM30E include: IEEE1588-2008 V2 PTP compliant. ITU-T G.8265.1/G.8275.1/G.8275.2 profiles; TE accuracy ±40ns. TE, MTIE, TDEV compliant with PRTC-B per G.8272; Synchronous Ethernet (SyncE) compliant with ITU-T G.8261, G.8262, and G.8264. SyncE output and input on all service interfaces; GNSS timing source. Concurrent multi-GNSS multi-frequency: simultaneous reception of up to 4 GNSS systems and up to 184 channels.; High stability OCXO; Indoor rack-mount design, 1RU; Power supply redundancy. AC or DC built-in power supply options; and Flexible management options. Board Change • Oct 31
High number of new directors CEO & Director Hua Li was the last director to join the board, commencing their role in 2022. Reported Earnings • Sep 03
First half 2022 earnings released: US$0.19 loss per share (vs US$0.028 profit in 1H 2021) First half 2022 results: US$0.19 loss per share (down from US$0.028 profit in 1H 2021). Revenue: US$7.49m (down 14% from 1H 2021). Net loss: US$1.68m (down US$1.93m from profit in 1H 2021). Over the last 3 years on average, earnings per share has fallen by 31% per year whereas the company’s share price has fallen by 30% per year. Annuncio • Jul 30
UTStarcom Launches the SkyFlux UAR Disaggregated Router Platform UTStarcom announced its newest platform, the SkyFlux UAR Disaggregated Router. The platform applies the network disaggregation concept onto carrier-grade modular redundant router platforms optimized for telecommunications networks, resulting in an open, flexible, and future-proof solution that can meet the requirements of telecom applications such as 5G backhaul/midhaul, broadband aggregation, metro access and aggregation networks. The network disaggregation concept offers many potential benefits to telecommunication network operators: An open and competitive ecosystem that speeds up evolution and drives prices down, A software-centric nature that enables faster innovation and supports the flexibility to quickly adopt functionality needed by network operators, Eliminates vendor lock-in through the rich ecosystem of compatible components, both commercial and open-source, Provides a variety of hardware and software options from which to select, enabling the integration of best-of-breed platforms, products, and components, Promotes an active role for a network operator in the product life cycle and Offers the potential for cost reduction of network infrastructure. The SkyFlux UAR Disaggregated Router platform combines the strengths, flexibility, and low TCO benefits of modular chassis-based hardware platforms with all the advantages of the software-centric network disaggregation paradigm. The initial release of the platform includes 3 chassis-based modular disaggregated routers (SkyFlux UAR400A-04X, SkyFlux UAR500A-08X, and SkyFlux UAR500B-12X) and the SkyFlux NOS Network Operating System. The SkyFlux UAR Disaggregated Router platform components can be integrated to work together, or can be used separately for integration with compatible third party commercial or open-source components. The highlights of UTStarcom’s solution include: A unique combination of advanced carrier-grade chassis-based redundant hardware platforms with all the benefits of the disaggregation paradigm, Telco-focused hardware design featuring the Broadcom DNX chip, multi-core x86 CPU, hardware support for high-accuracy PTP/SyncE, Segment Routing, MPLS, FlexE, redundancy, a variety of interfaces, modular chassis flexibility and scalabilityChoice of UT’s own SkyFlux NOS (Network Operating System) or third party NOS platforms. Packaged with hardware drivers for the porting of a third party NOS and pre-loaded with Open Network Install Environment (ONIE), Flexibility to meet all integration scenarios: a complete solution with UT’s carrier-grade HW, NOS, and SDN controller, or open integration with third party components and Customization of hardware and software platforms to meet operators’ requirements. Board Change • Apr 27
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 4 new directors. No experienced directors. 1 highly experienced director. 2 independent directors (3 non-independent directors). Independent Non-Executive Director Sean S. Shao is the most experienced director on the board, commencing their role in 2012. Independent Director Jin Tong Lin was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Board Change • Mar 02
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 4 new directors. No experienced directors. 1 highly experienced director. 2 independent directors (3 non-independent directors). Independent Non-Executive Director Sean S. Shao is the most experienced director on the board, commencing their role in 2012. Independent Director Jin Tong Lin was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Annuncio • Jan 30
UTStarcom Receives Nasdaq Notice Regarding Minimum Bid Price Requirements UTStarcom announced that it received a delinquency letter from the Nasdaq Listing Qualifications department of the Nasdaq Stock Market LLC (NASDAQ) dated January 24, 2022. The letter states that the Company is currently not in compliance with the minimum bid price requirement set under Nasdaq Listing Rule 5450(a)(1) (the "Rule"), because the bid price of the Company's shares closed below USD 1 per share for the 30 consecutive business days from December 9, 2021 through January 21, 2022. NASDAQ granted the Company a compliance period of 180 calendar days, expiring on July 25, 2022, to regain compliance. The Company will regain compliance if, at any time during this 180-day period, the closing bid price of the Company's shares is at least USD 1 for a minimum of ten consecutive business days. In the event the Company does not regain compliance with the Rule within 180 calendar days, the Company may be eligible for additional time to cure the delinquency. Executive Departure • Nov 29
Independent Director Wendong Zhang has left the company On the 16th of November, Wendong Zhang's tenure as Independent Director ended after 4.0 years in the role. We don't have any record of a personal shareholding under Wendong's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 1.21 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Nov 29
Independent Director Wendong Zhang has left the company On the 16th of November, Wendong Zhang's tenure as Independent Director ended after 4.0 years in the role. We don't have any record of a personal shareholding under Wendong's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 1.21 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Nov 29
Independent Director Wendong Zhang has left the company On the 16th of November, Wendong Zhang's tenure as Independent Director ended after 4.0 years in the role. We don't have any record of a personal shareholding under Wendong's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 1.21 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Nov 29
Independent Director Wendong Zhang has left the company On the 16th of November, Wendong Zhang's tenure as Independent Director ended after 4.0 years in the role. We don't have any record of a personal shareholding under Wendong's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 1.21 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Nov 28
Independent Director Wendong Zhang has left the company On the 16th of November, Wendong Zhang's tenure as Independent Director ended after 4.0 years in the role. We don't have any record of a personal shareholding under Wendong's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 1.21 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Nov 28
Independent Director Wendong Zhang has left the company On the 16th of November, Wendong Zhang's tenure as Independent Director ended after 4.0 years in the role. We don't have any record of a personal shareholding under Wendong's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 1.21 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Nov 28
Independent Director Wendong Zhang has left the company On the 16th of November, Wendong Zhang's tenure as Independent Director ended after 4.0 years in the role. We don't have any record of a personal shareholding under Wendong's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 1.21 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Nov 28
Independent Director Wendong Zhang has left the company On the 16th of November, Wendong Zhang's tenure as Independent Director ended after 4.0 years in the role. We don't have any record of a personal shareholding under Wendong's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 1.21 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Nov 28
Independent Director Wendong Zhang has left the company On the 16th of November, Wendong Zhang's tenure as Independent Director ended after 4.0 years in the role. We don't have any record of a personal shareholding under Wendong's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 1.21 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Nov 28
Independent Director Wendong Zhang has left the company On the 16th of November, Wendong Zhang's tenure as Independent Director ended after 4.0 years in the role. We don't have any record of a personal shareholding under Wendong's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 1.21 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Nov 28
Independent Director Wendong Zhang has left the company On the 16th of November, Wendong Zhang's tenure as Independent Director ended after 4.0 years in the role. We don't have any record of a personal shareholding under Wendong's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 1.21 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Nov 28
Independent Director Wendong Zhang has left the company On the 16th of November, Wendong Zhang's tenure as Independent Director ended after 4.0 years in the role. We don't have any record of a personal shareholding under Wendong's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 1.21 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Nov 28
Independent Director Wendong Zhang has left the company On the 16th of November, Wendong Zhang's tenure as Independent Director ended after 4.0 years in the role. We don't have any record of a personal shareholding under Wendong's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 1.21 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Nov 28
Independent Director Wendong Zhang has left the company On the 16th of November, Wendong Zhang's tenure as Independent Director ended after 4.0 years in the role. We don't have any record of a personal shareholding under Wendong's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 1.21 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Nov 28
Independent Director Wendong Zhang has left the company On the 16th of November, Wendong Zhang's tenure as Independent Director ended after 4.0 years in the role. We don't have any record of a personal shareholding under Wendong's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 1.21 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Nov 28
Independent Director Wendong Zhang has left the company On the 16th of November, Wendong Zhang's tenure as Independent Director ended after 4.0 years in the role. We don't have any record of a personal shareholding under Wendong's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 1.21 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Nov 28
Independent Director Wendong Zhang has left the company On the 16th of November, Wendong Zhang's tenure as Independent Director ended after 4.0 years in the role. We don't have any record of a personal shareholding under Wendong's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 1.21 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Nov 27
Independent Director Wendong Zhang has left the company On the 16th of November, Wendong Zhang's tenure as Independent Director ended after 4.0 years in the role. We don't have any record of a personal shareholding under Wendong's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 1.21 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Nov 27
Independent Director Wendong Zhang has left the company On the 16th of November, Wendong Zhang's tenure as Independent Director ended after 4.0 years in the role. We don't have any record of a personal shareholding under Wendong's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 1.21 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Nov 27
Independent Director Wendong Zhang has left the company On the 16th of November, Wendong Zhang's tenure as Independent Director ended after 4.0 years in the role. We don't have any record of a personal shareholding under Wendong's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 1.21 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Nov 27
Independent Director Wendong Zhang has left the company On the 16th of November, Wendong Zhang's tenure as Independent Director ended after 4.0 years in the role. We don't have any record of a personal shareholding under Wendong's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 1.21 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Nov 27
Independent Director Wendong Zhang has left the company On the 16th of November, Wendong Zhang's tenure as Independent Director ended after 4.0 years in the role. We don't have any record of a personal shareholding under Wendong's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 1.21 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Nov 27
Independent Director Wendong Zhang has left the company On the 16th of November, Wendong Zhang's tenure as Independent Director ended after 4.0 years in the role. We don't have any record of a personal shareholding under Wendong's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 1.21 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Nov 27
Independent Director Wendong Zhang has left the company On the 16th of November, Wendong Zhang's tenure as Independent Director ended after 4.0 years in the role. We don't have any record of a personal shareholding under Wendong's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 1.21 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Nov 27
Independent Director Wendong Zhang has left the company On the 16th of November, Wendong Zhang's tenure as Independent Director ended after 4.0 years in the role. We don't have any record of a personal shareholding under Wendong's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 1.21 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Nov 27
Independent Director Wendong Zhang has left the company On the 16th of November, Wendong Zhang's tenure as Independent Director ended after 4.0 years in the role. We don't have any record of a personal shareholding under Wendong's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 1.21 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Nov 27
Independent Director Wendong Zhang has left the company On the 16th of November, Wendong Zhang's tenure as Independent Director ended after 4.0 years in the role. We don't have any record of a personal shareholding under Wendong's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 1.21 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Nov 27
Independent Director Wendong Zhang has left the company On the 16th of November, Wendong Zhang's tenure as Independent Director ended after 4.0 years in the role. We don't have any record of a personal shareholding under Wendong's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 1.21 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Nov 27
Independent Director Wendong Zhang has left the company On the 16th of November, Wendong Zhang's tenure as Independent Director ended after 4.0 years in the role. We don't have any record of a personal shareholding under Wendong's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 1.21 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Nov 27
Independent Director Wendong Zhang has left the company On the 16th of November, Wendong Zhang's tenure as Independent Director ended after 4.0 years in the role. We don't have any record of a personal shareholding under Wendong's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 1.21 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Nov 27
Independent Director Wendong Zhang has left the company On the 16th of November, Wendong Zhang's tenure as Independent Director ended after 4.0 years in the role. We don't have any record of a personal shareholding under Wendong's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 1.21 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Nov 27
Independent Director Wendong Zhang has left the company On the 16th of November, Wendong Zhang's tenure as Independent Director ended after 4.0 years in the role. We don't have any record of a personal shareholding under Wendong's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 1.21 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Nov 27
Independent Director Wendong Zhang has left the company On the 16th of November, Wendong Zhang's tenure as Independent Director ended after 4.0 years in the role. We don't have any record of a personal shareholding under Wendong's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 1.21 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Nov 26
Independent Director Wendong Zhang has left the company On the 16th of November, Wendong Zhang's tenure as Independent Director ended after 4.0 years in the role. We don't have any record of a personal shareholding under Wendong's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 1.21 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Nov 26
Independent Director Wendong Zhang has left the company On the 16th of November, Wendong Zhang's tenure as Independent Director ended after 4.0 years in the role. We don't have any record of a personal shareholding under Wendong's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 1.21 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Nov 26
Independent Director Wendong Zhang has left the company On the 16th of November, Wendong Zhang's tenure as Independent Director ended after 4.0 years in the role. We don't have any record of a personal shareholding under Wendong's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 1.21 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Nov 26
Independent Director Wendong Zhang has left the company On the 16th of November, Wendong Zhang's tenure as Independent Director ended after 4.0 years in the role. We don't have any record of a personal shareholding under Wendong's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 1.21 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Nov 26
Independent Director Wendong Zhang has left the company On the 16th of November, Wendong Zhang's tenure as Independent Director ended after 4.0 years in the role. We don't have any record of a personal shareholding under Wendong's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 1.21 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Nov 26
Independent Director Wendong Zhang has left the company On the 16th of November, Wendong Zhang's tenure as Independent Director ended after 4.0 years in the role. We don't have any record of a personal shareholding under Wendong's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 1.21 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Nov 26
Independent Director Wendong Zhang has left the company On the 16th of November, Wendong Zhang's tenure as Independent Director ended after 4.0 years in the role. We don't have any record of a personal shareholding under Wendong's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 1.21 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Nov 26
Independent Director Wendong Zhang has left the company On the 16th of November, Wendong Zhang's tenure as Independent Director ended after 4.0 years in the role. We don't have any record of a personal shareholding under Wendong's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 1.21 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Nov 26
Independent Director Wendong Zhang has left the company On the 16th of November, Wendong Zhang's tenure as Independent Director ended after 4.0 years in the role. We don't have any record of a personal shareholding under Wendong's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 1.21 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Nov 26
Independent Director Wendong Zhang has left the company On the 16th of November, Wendong Zhang's tenure as Independent Director ended after 4.0 years in the role. We don't have any record of a personal shareholding under Wendong's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 1.21 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Nov 26
Independent Director Wendong Zhang has left the company On the 16th of November, Wendong Zhang's tenure as Independent Director ended after 4.0 years in the role. We don't have any record of a personal shareholding under Wendong's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 1.21 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Nov 26
Independent Director Wendong Zhang has left the company On the 16th of November, Wendong Zhang's tenure as Independent Director ended after 4.0 years in the role. We don't have any record of a personal shareholding under Wendong's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 1.21 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Nov 26
Independent Director Wendong Zhang has left the company On the 16th of November, Wendong Zhang's tenure as Independent Director ended after 4.0 years in the role. We don't have any record of a personal shareholding under Wendong's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 1.21 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Nov 26
Independent Director Wendong Zhang has left the company On the 16th of November, Wendong Zhang's tenure as Independent Director ended after 4.0 years in the role. We don't have any record of a personal shareholding under Wendong's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 1.21 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Nov 26
Independent Director Wendong Zhang has left the company On the 16th of November, Wendong Zhang's tenure as Independent Director ended after 4.0 years in the role. We don't have any record of a personal shareholding under Wendong's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 1.21 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Nov 26
Independent Director Wendong Zhang has left the company On the 16th of November, Wendong Zhang's tenure as Independent Director ended after 4.0 years in the role. We don't have any record of a personal shareholding under Wendong's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 1.21 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Nov 25
Independent Director Wendong Zhang has left the company On the 16th of November, Wendong Zhang's tenure as Independent Director ended after 4.0 years in the role. We don't have any record of a personal shareholding under Wendong's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 1.21 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Nov 25
Independent Director Wendong Zhang has left the company On the 16th of November, Wendong Zhang's tenure as Independent Director ended after 4.0 years in the role. We don't have any record of a personal shareholding under Wendong's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 1.21 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Nov 25
Independent Director Wendong Zhang has left the company On the 16th of November, Wendong Zhang's tenure as Independent Director ended after 4.0 years in the role. We don't have any record of a personal shareholding under Wendong's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 1.21 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Nov 25
Independent Director Wendong Zhang has left the company On the 16th of November, Wendong Zhang's tenure as Independent Director ended after 4.0 years in the role. We don't have any record of a personal shareholding under Wendong's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 1.21 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Nov 25
Independent Director Wendong Zhang has left the company On the 16th of November, Wendong Zhang's tenure as Independent Director ended after 4.0 years in the role. We don't have any record of a personal shareholding under Wendong's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 1.21 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Nov 25
Independent Director Wendong Zhang has left the company On the 16th of November, Wendong Zhang's tenure as Independent Director ended after 4.0 years in the role. We don't have any record of a personal shareholding under Wendong's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 1.21 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Nov 25
Independent Director Wendong Zhang has left the company On the 16th of November, Wendong Zhang's tenure as Independent Director ended after 4.0 years in the role. We don't have any record of a personal shareholding under Wendong's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 1.21 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Nov 25
Independent Director Wendong Zhang has left the company On the 16th of November, Wendong Zhang's tenure as Independent Director ended after 4.0 years in the role. We don't have any record of a personal shareholding under Wendong's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 1.21 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Nov 25
Independent Director Wendong Zhang has left the company On the 16th of November, Wendong Zhang's tenure as Independent Director ended after 4.0 years in the role. We don't have any record of a personal shareholding under Wendong's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 1.21 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Nov 25
Independent Director Wendong Zhang has left the company On the 16th of November, Wendong Zhang's tenure as Independent Director ended after 4.0 years in the role. We don't have any record of a personal shareholding under Wendong's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 1.21 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Nov 25
Independent Director Wendong Zhang has left the company On the 16th of November, Wendong Zhang's tenure as Independent Director ended after 4.0 years in the role. We don't have any record of a personal shareholding under Wendong's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 1.21 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Nov 25
Independent Director Wendong Zhang has left the company On the 16th of November, Wendong Zhang's tenure as Independent Director ended after 4.0 years in the role. We don't have any record of a personal shareholding under Wendong's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 1.21 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Nov 25
Independent Director Wendong Zhang has left the company On the 16th of November, Wendong Zhang's tenure as Independent Director ended after 4.0 years in the role. We don't have any record of a personal shareholding under Wendong's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 1.21 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Nov 25
Independent Director Wendong Zhang has left the company On the 16th of November, Wendong Zhang's tenure as Independent Director ended after 4.0 years in the role. We don't have any record of a personal shareholding under Wendong's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 1.21 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Nov 25
Independent Director Wendong Zhang has left the company On the 16th of November, Wendong Zhang's tenure as Independent Director ended after 4.0 years in the role. We don't have any record of a personal shareholding under Wendong's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 1.21 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Nov 25
Independent Director Wendong Zhang has left the company On the 16th of November, Wendong Zhang's tenure as Independent Director ended after 4.0 years in the role. We don't have any record of a personal shareholding under Wendong's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 1.21 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Nov 25
Independent Director Wendong Zhang has left the company On the 16th of November, Wendong Zhang's tenure as Independent Director ended after 4.0 years in the role. We don't have any record of a personal shareholding under Wendong's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 1.21 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Nov 25
Independent Director Wendong Zhang has left the company On the 16th of November, Wendong Zhang's tenure as Independent Director ended after 4.0 years in the role. We don't have any record of a personal shareholding under Wendong's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 1.21 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Nov 25
Independent Director Wendong Zhang has left the company On the 16th of November, Wendong Zhang's tenure as Independent Director ended after 4.0 years in the role. We don't have any record of a personal shareholding under Wendong's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 1.21 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Nov 24
Independent Director Wendong Zhang has left the company On the 16th of November, Wendong Zhang's tenure as Independent Director ended after 4.0 years in the role. We don't have any record of a personal shareholding under Wendong's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 1.21 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Nov 24
Independent Director Wendong Zhang has left the company On the 16th of November, Wendong Zhang's tenure as Independent Director ended after 4.0 years in the role. We don't have any record of a personal shareholding under Wendong's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 1.21 years, which is considered inexperienced in the Simply Wall St Risk Model. Board Change • Nov 24
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 4 new directors. No experienced directors. 1 highly experienced director. 2 independent directors (3 non-independent directors). Independent Non-Executive Director Sean S. Shao is the most experienced director on the board, commencing their role in 2012. Independent Director Jin Tong Lin was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Executive Departure • Nov 24
Independent Director Wendong Zhang has left the company On the 16th of November, Wendong Zhang's tenure as Independent Director ended after 4.0 years in the role. We don't have any record of a personal shareholding under Wendong's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 1.21 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Nov 24
Independent Director Wendong Zhang has left the company On the 16th of November, Wendong Zhang's tenure as Independent Director ended after 4.0 years in the role. We don't have any record of a personal shareholding under Wendong's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 1.21 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Nov 24
Independent Director Wendong Zhang has left the company On the 16th of November, Wendong Zhang's tenure as Independent Director ended after 4.0 years in the role. We don't have any record of a personal shareholding under Wendong's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 1.21 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Nov 24
Independent Director Wendong Zhang has left the company On the 16th of November, Wendong Zhang's tenure as Independent Director ended after 4.0 years in the role. We don't have any record of a personal shareholding under Wendong's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 1.21 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Nov 24
Independent Director Wendong Zhang has left the company On the 16th of November, Wendong Zhang's tenure as Independent Director ended after 4.0 years in the role. We don't have any record of a personal shareholding under Wendong's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 1.21 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Nov 24
Independent Director Wendong Zhang has left the company On the 16th of November, Wendong Zhang's tenure as Independent Director ended after 4.0 years in the role. We don't have any record of a personal shareholding under Wendong's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 1.21 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Nov 24
Independent Director Wendong Zhang has left the company On the 16th of November, Wendong Zhang's tenure as Independent Director ended after 4.0 years in the role. We don't have any record of a personal shareholding under Wendong's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 1.21 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Nov 24
Independent Director Wendong Zhang has left the company On the 16th of November, Wendong Zhang's tenure as Independent Director ended after 4.0 years in the role. We don't have any record of a personal shareholding under Wendong's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 1.21 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Nov 24
Independent Director Wendong Zhang has left the company On the 16th of November, Wendong Zhang's tenure as Independent Director ended after 4.0 years in the role. We don't have any record of a personal shareholding under Wendong's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 1.21 years, which is considered inexperienced in the Simply Wall St Risk Model. Reported Earnings • Aug 18
First half 2021 earnings released: EPS US$0.007 (vs US$0.34 loss in 1H 2020) The company reported a decent first half result with improved earnings and profit margins, although revenues were weaker. First half 2021 results: Revenue: US$8.69m (down 37% from 1H 2020). Net income: US$252.0k (up US$12.3m from 1H 2020). Profit margin: 2.9% (up from net loss in 1H 2020). The move to profitability was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 66 percentage points per year, which is a significant difference in performance. Reported Earnings • Apr 26
Full year 2020 earnings released: US$0.66 loss per share (vs US$0.11 loss in FY 2019) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: US$24.3m (down 63% from FY 2019). Net loss: US$23.7m (loss widened US$19.8m from FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 89 percentage points per year, which is a significant difference in performance. 