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Borqs Technologies Reports Annual Revenues of $52.5 million, an Increase of 77.7%, and Adjusted EBITDA of $4.8 million

Revenues reached $52.5 million, 77.7% Year-Over-Year (YOY) growth.Gross margin was 21.2%, an improvement of 1,240 basis points.Adjusted EBITDA reached $4.8 million. SANTA CLARA, Calif., May 15, 2023 (GLOBE NEWSWIRE)