Quarterhill Inc T.QTRH

Alternate Symbol(s): T.QTRH.DB | QTRHF

Technology Communication Equipment

Quarterhill Inc. is a Canada-based company, which is engaged in providing tolling and enforcement solutions in the Intelligent Transportation System (ITS) industry. The Company provides end-to-end mobility systems to some of the tolling authorities in the United States, including in Texas, California and Illinois through Electronic Transaction Consultants, LLC (ETC). ETC’s core products comprise the riteSuite platform, a scalable and customizable cloud-based tolling and mobility solution. The platform has applications for the roadside and back office, with strengths in vehicle identification, tracking, dynamic pricing and interoperability amongst agencies. The Company’s wholly owned subsidiary is International Road Dynamics Inc. (IRD), is a multi-discipline, technology company and provider of Intelligent Transportation Systems. It provides integrate ITS technologies into systems designed to solve and challenging transportation problems.

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Quarterhill Inc > Interesting moment

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Comment by v_guerrieroon Aug 16, 2021 5:53pm

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RE:RE:Interesting moment

Stock trades at 9X prospective EV / EBITDA for just ITS business. Assumes WiLan patents and Apple case and all other patent litigations are worthless. Peers trade at 15-18x. Should be $4-$5 just on ITS business alone.

Debt is immaterial as is just over one year of cash flow.

The deal will attract technology focused funds as there is a huge rerate potential here as you have a business that will generate over $200m in revenue and $30M+ in margins growing 15-20% per year.

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