Day: August 13, 2021

HANGZHOU, China, Aug. 13, 2021 (GLOBE NEWSWIRE) — UTStarcom (“UT” or the “Company”) (NASDAQ: UTSI), a global telecommunications infrastructure provider, today reported its unaudited financial results for the six months ended June 30, 2021, and provided a business update. Business UpdateDevelopment of a Disaggregated Hardware Platform for 5G Transport Networks. In November 2020, UTStarcom announced that it secured a win of a RFP for joint development of a disaggregated platform for 5G transport with one of the major telecom operators in China. UTStarcom also completed hardware development and delivered first batch of test units to the customer for software integration and testing. Subsequently, the Company signed a strategic long-term cooperation agreement with the research institute of this operator, and expects to receive an...

SÃO PAULO, Brazil, Aug. 13, 2021 (GLOBE NEWSWIRE) — Vasta Platform Limited (NASDAQ: VSTA) – “Vasta” or the “Company,” announces today its financial and operating results for the second quarter of 2021 (2Q21) ended June 30, 2021. Financial results are expressed in Brazilian Reais and are presented in accordance with International Financial Reporting Standards (IFRS). HIGHLIGHTSIn the second quarter, net revenue expanded 17% versus the same quarter of 2020, owing to the growth in 2021 annual contract value (ACV) and revenue from non-subscription products. Net revenue from subscription products increased 12% in the quarter. In the 2021 commercial cycle to date (4Q20-2Q21), subscription revenue ex-PAR increased 18%, while PAR, which revenue is concentrated in the two first quarters of the cycle (4Q and 1Q), was down 15% due to the...

SHENZHEN, China, Aug. 13, 2021 (GLOBE NEWSWIRE) — Fangdd Network Group Ltd. (NASDAQ: DUO) (“FangDD” or “the Company”), a leading property technology company in China, today announced its unaudited financial results for the second quarter ended June 30, 2021. Second Quarter 2021 Financial HighlightsRevenue in the second quarter of 2021 increased by 37.9% to RMB401.4 million (US$62.2 million) from RMB291.0 million in the first quarter of 2021. Net loss was RMB139.0 million (US$21.5 million) in the second quarter of 2021, which included provision of allowance for doubtful accounts on accounts receivable from certain real estate developers of RMB79.1 million (US$12.2 million) in response to their tighter financial conditions, compared to a net loss of RMB104.8 million in the first quarter of 2021, which included provision of allowance...

Continued improvements of commercial and financial performance in TDC Group resulted in EBITDA growth of 0.8% in Q2. We expect to deliver on our guidance of stable to slightly declining EBITDA​Revenue for TDC Group increased by 1.3% in Q2 mainly driven by improvements in mobility services and other services​ Significant bettering in gross profit development from -6.1% in Q1 to -1.6% in Q2 from mobility services and TV​ TDC Group’s operating expenses was reduced by 4.8% YoY in Q2, as expected a more stable development than last quarter’s double-digit decrease​Capex decreased by 13.7% YoY, driven by the completion of the mobile network 5G-swap last year​ TDC Group announced that the separation of the company will be finalised by end of 2021, establishing TDC A/S as a holding company with Nuuday A/S and TDC NET A/S operating as...

Continued improvements of commercial and financial performance in TDC Group resulted in EBITDA growth of 0.8% in Q2. We expect to deliver on our guidance of stable to slightly declining EBITDA​Revenue for TDC Group increased by 1.3% in Q2 mainly driven by improvements in mobility services and other services​ Significant bettering in gross profit development from -6.1% in Q1 to -1.6% in Q2 from mobility services and TV​ TDC Group’s operating expenses was reduced by 4.8% YoY in Q2, as expected a more stable development than last quarter’s double-digit decrease​Capex decreased by 13.7% YoY, driven by the completion of the mobile network 5G-swap last year​ TDC Group announced that the separation of the company will be finalised by end of 2021, establishing TDC A/S as a holding company with Nuuday A/S and TDC NET A/S operating as...