Borqs Technologies, Inc. (BRQS) Stock Analysis
DELISTED 2023
What happened to Borqs Technologies, Inc. (BRQS) stock?
Borqs Technologies, Inc. (BRQS) no longer trades on public markets. It was delisted in October 2023. The figures below are historical and are not a current quote.
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
Borqs Technologies, Inc. (BRQS) trades at $0.43. Borqs Technologies, Inc. delivers Android-based smart connected devices and cloud service solutions across the United States, India, China, and internationally. Market cap: $6.28M, Sector: Technology.
Last analyzed: Mar 18, 2026Analyst Coverage for BRQS: BRQS does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates BRQS against Technology peers across nine fundamental dimensions and assigns a neutral fundamental signal based on the underlying data.
Borqs Technologies, Inc. (BRQS) Technology Profile & Competitive Position
Borqs Technologies, Inc. provides Android-based smart connected devices and cloud service solutions, leveraging its BorqsWare platform to target specific vertical markets. Serving mobile chipset manufacturers, OEMs, and mobile operators globally, the company focuses on delivering end-to-end mobile solutions for enterprise and consumer applications.
What Is the Investment Thesis for BRQS?
Borqs Technologies, Inc. presents a unique investment opportunity within the Android-based solutions market. With a market capitalization of $6.28M and a P/E ratio of 0.19, the company exhibits potential for growth, driven by its BorqsWare platform and expansion into key markets like the United States, India, and China. The company's high profit margin of 60.2% suggests efficient operations. Upcoming catalysts include potential partnerships with mobile operators and expansion of its IoT solutions. However, investors should be aware of the company's beta of 1.57, indicating higher volatility compared to the market. The company's success hinges on its ability to innovate and adapt to the rapidly evolving technology landscape.
Based on FMP financials and quantitative analysis
BRQS Key Highlights
Market capitalization of $6.28M, indicating a micro-cap company with potential for high growth but also higher risk.
- P/E ratio of 0.19, suggesting the company may be undervalued compared to its earnings.
- Profit margin of 60.2%, significantly higher than the industry average, reflecting efficient operations.
- Gross margin of 20.9%, indicating the profitability of the company's products and services after deducting the cost of goods sold.
- Beta of 1.57, suggesting the stock is more volatile than the market, which could lead to larger gains or losses.
Who Are BRQS's Competitors?
BRQS is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| AKTS Aktis Oncology, Inc. | $24.00 | -4.08% | $1.28B | 30 |
| EGIO Edgio, Inc. | $1.11 | -19.57% | $6.50M | 61 |
| LDTC LeddarTech Holdings Inc. | $0.15 | +0.00% | $5.74M | 50 |
| RTC Baijiayun Group Ltd | $0.31 | -9.92% | $9.12M | 46 |
| RSASF RESAAS Services Inc. | $0.29 | +0.00% | $24.4M | 69 |
| IDN Intellicheck, Inc. | $2.96 | -3.10% | $60.0M | 78 |
| WFCF Where Food Comes From, Inc. | $13.05 | +4.40% | $65.8M | 71 |
| RSSS Research Solutions, Inc. | $2.20 | -0.45% | $73.6M | 75 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are BRQS's Key Strengths?
Proprietary BorqsWare platform
- Expertise in Android-based solutions
- Established relationships with mobile chipset manufacturers and OEMs
- High profit margin of 60.2%
What Are BRQS's Weaknesses?
Small market capitalization of $6.28M
- High beta of 1.57, indicating higher volatility
- Limited brand recognition compared to larger competitors
- Dependence on the Android ecosystem
What Could Drive BRQS Stock Higher?
Potential partnerships with mobile operators to provide customized Android-based solutions.
- Expansion of the BorqsWare platform to support a wider range of IoT devices and applications.
- Increasing adoption of smartphones and the expansion of 4G and 5G networks driving demand for Android-based solutions.
- Development of advanced IVI solutions for the connected car market.
- Expansion of cloud service offerings to support the entire mobile device lifecycle.
What Are the Key Risks for BRQS?
Financial-distress signal — its Altman Z-Score of -4.07 sits in the distress zone (elevated bankruptcy risk).
- Intense competition in the Android solutions market could erode market share.
- Rapid technological advancements could render existing solutions obsolete.
- Economic downturns affecting consumer spending could reduce demand for mobile devices.
- Changes in Android platform policies could impact the company's ability to develop and deploy solutions.
- Dependence on key customers could create revenue concentration risk.
What Are the Growth Opportunities for BRQS?
- Expansion into the IoT market: The Internet of Things (IoT) market is experiencing exponential growth, with projections estimating a multi-billion dollar market by 2026. Borqs Technologies can capitalize on this trend by expanding its BorqsWare platform to support a wider range of IoT devices and applications. This includes developing solutions for smart homes, industrial automation, and connected vehicles. By leveraging its existing expertise in Android-based solutions, Borqs can establish a strong foothold in the IoT market.
- Strategic partnerships with mobile operators: Mobile operators are increasingly seeking solutions to enhance their service offerings and improve customer engagement. Borqs Technologies can forge strategic partnerships with mobile operators to provide customized Android-based solutions that address their specific needs. This could include developing pre-installed applications, optimizing device performance, and providing cloud-based services. By partnering with mobile operators, Borqs can gain access to a large customer base and generate recurring revenue streams.
- Penetration of the Indian market: India represents a significant growth opportunity for Borqs Technologies due to its large and rapidly growing mobile market. The increasing adoption of smartphones and the expansion of 4G and 5G networks are driving demand for Android-based solutions in India. Borqs can leverage its existing presence in India to expand its sales and marketing efforts, targeting mobile device manufacturers and mobile operators. By tailoring its solutions to the specific needs of the Indian market, Borqs can achieve significant growth in this region.
- Development of advanced IVI solutions: The in-vehicle infotainment (IVI) market is undergoing a transformation, driven by the increasing demand for connected car services and autonomous driving technologies. Borqs Technologies can develop advanced IVI solutions that integrate seamlessly with Android-based operating systems. This could include features such as navigation, entertainment, and driver assistance. By focusing on innovation and differentiation, Borqs can capture a significant share of the IVI market.
- Expansion of cloud service offerings: Cloud services are becoming increasingly important for mobile device manufacturers and mobile operators. Borqs Technologies can expand its cloud service offerings to provide a comprehensive suite of solutions that support the entire mobile device lifecycle. This could include services such as device management, application deployment, and data analytics. By offering a complete cloud-based solution, Borqs can attract new customers and generate recurring revenue streams.
What Are BRQS's Competitive Advantages?
- Proprietary BorqsWare platform
- Expertise in Android-based solutions
- Established relationships with mobile chipset manufacturers and OEMs
- Customized solutions for specific vertical markets
What Does BRQS Do?
Founded in 2007 and headquartered in Kwun Tong, Hong Kong, Borqs Technologies, Inc. specializes in providing Android-based smart connected devices and cloud service solutions on a global scale. The company's core offering revolves around its BorqsWare software platform, a commercial-grade Android platform designed to address the specific needs of various vertical market segments. This platform comprises BorqsWare Client, utilized in Android phones, tablets, wearables, and IoT devices, and BorqsWare Server, a back-end server software enabling customers to develop their own mobile end-to-end services. Borqs Technologies serves a diverse clientele, including mobile chipset manufacturers, mobile device original equipment manufacturers (OEMs), and mobile operators. The company's solutions extend to IVI (In-Vehicle Infotainment), machine-to-machine (M2M) communication, smart appliances, mobile operator services, and Google Mobile Services (GMS). By providing comprehensive solutions, Borqs Technologies aims to empower its clients to deliver innovative mobile connected devices for both enterprise and consumer applications. Borqs Technologies operates in the United States, India, China, and other international markets, demonstrating its global reach and ambition.
What Products and Services Does BRQS Offer?
- Develops Android-based smart connected devices.
- Provides cloud service solutions.
- Offers commercial-grade Android platform software.
- Targets vertical market segments with BorqsWare software.
- Creates solutions for mobile chipset manufacturers.
- Serves mobile device original equipment manufacturers (OEMs).
- Provides solutions for mobile operators.
- Offers IVI (In-Vehicle Infotainment) solutions.
How Does BRQS Make Money?
- Provides Android platform software and service solutions.
- Generates revenue through licensing of its BorqsWare platform.
- Offers customized solutions for specific vertical markets.
- Serves mobile chipset manufacturers, OEMs, and mobile operators.
What Industry Does BRQS Operate In?
Borqs Technologies operates within the competitive application software industry, which is experiencing rapid growth driven by increasing demand for mobile and IoT solutions. Borqs competes with companies like AKTS, EGIO, FAAS, LDTC, and RTC, striving to differentiate itself through its BorqsWare platform and customized solutions for specific vertical markets. The company's success depends on its ability to innovate and adapt to evolving market trends.
Who Are BRQS's Key Customers?
- Mobile chipset manufacturers
- Mobile device original equipment manufacturers (OEMs)
- Mobile operators
- Enterprises seeking mobile solutions
- Consumers using mobile connected devices
Company Profile
Borqs Technologies, Inc. operates in the Software - Application industry within the Technology sector. It is headquartered in Kwun Tong, HK. The company is led by CEO Sek Yuen Chan. BRQS has traded publicly since 2015.
How Borqs Technologies, Inc. Is Valued
Borqs Technologies, Inc. carries a market capitalization of $6.28M, placing it in the micro-cap category.
Key Financial Metrics
Return on equity for Borqs Technologies, Inc. stands at 55.3%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is 21.8%, showing how much profit it generates from its asset base. BRQS trades at a trailing price-to-earnings ratio of 0.86, below the Technology sector average of ~34x. A current ratio of 5.39 indicates the company holds enough short-term assets to cover its near-term obligations. Its earnings yield is 116.3%, the inverse of the P/E and a quick read on earnings relative to price.
Financial Health
Borqs Technologies, Inc.'s Piotroski F-Score is 5/9, a 9-point checklist of profitability, leverage and efficiency — a middling fundamental profile. Its Altman Z-Score of -4.07 places it in the distress zone, a signal of elevated financial risk.
BRQS Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis
Bull Case vs Bear Case
Bull Case
- Proprietary BorqsWare platform
- Expertise in Android-based solutions
- Established relationships with mobile chipset manufacturers and OEMs
- High profit margin of 60.2%
Bear Case
- Small market capitalization of $6.28M
- High beta of 1.57, indicating higher volatility
- Limited brand recognition compared to larger competitors
- Dependence on the Android ecosystem
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · August 2026
BRQS Latest News
No recent news available for BRQS.
Leadership: Sek Yuen Chan
CEO
Sek Yuen Chan is the CEO of Borqs Technologies, Inc., overseeing the company's operations and strategic direction. With experience in the technology sector, Sek Yuen Chan is responsible for managing the company's 315 employees and driving its growth in the Android-based solutions market. His leadership focuses on leveraging the BorqsWare platform to address the needs of mobile chipset manufacturers, OEMs, and mobile operators.
Track Record: Under Sek Yuen Chan's leadership, Borqs Technologies has focused on expanding its presence in key markets such as the United States, India, and China. Key milestones include the development and enhancement of the BorqsWare platform, strategic partnerships with mobile operators, and expansion into the IoT market. The company's focus on innovation and customization has contributed to its growth in the competitive technology landscape.
Common Questions About BRQS (Technology)
What happened to Borqs Technologies, Inc. (BRQS) stock?
Borqs Technologies, Inc. (BRQS) no longer trades on public markets. It was delisted in October 2023. The figures below are historical and are not a current quote.
Can I still buy BRQS shares?
No. BRQS stopped trading on public markets in October 2023, so the shares are not available through a broker. Anything you see quoted for BRQS elsewhere is historical data, not a live market.
Are the figures on this page current?
No. Every number here is the last value recorded before BRQS stopped trading. Nothing on this page updates, and none of it is a current quote.
Why does this page still exist?
Because people still search for what happened to Borqs Technologies, Inc.. An archived profile that states the delisting plainly is more useful than a dead link — provided it is labelled as history, which is what this page does.
What does Borqs Technologies, Inc. do?
Borqs Technologies, Inc. specializes in providing Android-based smart connected devices and cloud service solutions to a global clientele. The company's core offering is the BorqsWare platform, a commercial-grade Android platform designed to address the specific needs of various vertical market segments. This platform is used in Android phones, tablets, wearables, and IoT devices.
What are the main risks for BRQS?
Borqs Technologies faces several risks, including intense competition in the Android solutions market, rapid technological advancements, and economic downturns affecting consumer spending. Changes in Android platform policies could also impact the company's ability to develop and deploy solutions. Additionally, the company's dependence on key customers could create revenue concentration risk.
How does Borqs Technologies, Inc. invest in research and development?
Details regarding Borqs Technologies, Inc.'s specific R&D spending as a percentage of revenue, key innovation areas, and patent portfolio are not available in the provided data. However, the company's focus on developing the BorqsWare platform and expanding its solutions for IoT, IVI, and cloud services suggests a commitment to innovation.
How exposed is Borqs Technologies, Inc. to technology disruption risks?
Borqs Technologies, Inc. faces exposure to technology disruption risks due to the rapidly evolving nature of the technology industry. Emerging technologies, platform shifts, and competitive threats could potentially impact the company's market position. The company's dependence on the Android ecosystem also presents a risk, as changes in Android platform policies could affect its ability to develop and deploy solutions.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- AI analysis pending for BRQS, limiting the depth of insights.
- Financial data is limited, requiring further research for comprehensive analysis.