Borqs Technologies, Inc. provided revenue guidance for the fiscal year ended December 31, 2021 and for the fiscal year 2022. For fiscal year 2021, the company expected to report revenue of between $31 million to $35 million for the fiscal year ended December 31, 2021. This represents revenue growth of up to 30% from the $26.8 million revenue reported in fiscal year 2020.

For the fiscal year 2022, the company expected to generate between $45 million and $55 million in revenue.