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 > Iteris reports Q2

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Post by cabbieJBJon Nov 03, 2021 4:36pm

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Post# 34083987

Iteris reports Q2

Fiscal Second Quarter 2022 Financial Summary

Total revenue of $33.2 million, up 14% year over year
Record total ending backlog of $83.4 million, up 14% year over year
GAAP net loss from continuing operations of $2.1 million, or $(0.05) per diluted share, due to a one-time, non-cash charge in the second quarter related to an amendment to a software development contract
Adjusted EBITDA of $2.3 million, an 18%, or $0.4 million, improvement year over year

Fiscal First Half 2022 Financial Summary
- Total revenue of $67.3 million, up 18% year over year
- GAAP net loss from continuing operations of $1.5 million, or $(0.03) per diluted share, due to a one-time, non-cash charge in the second quarter related to an amendment to a software development contract
- Adjusted EBITDA of $5.4 million, a 28%, or $1.2 million, improvement year over year
Fiscal Full Year 2022 Outlook
- Maintains the total revenue guidance range of $134 million to $142 million, which would represent year-over-year growth of 15% at the low end and 21% at the high end
- Maintains adjusted EBITDA guidance range of 7% to 8% of fiscal full year 2022 revenue, which would represent year-over-year growth of 10% at the low end and 27% at the high end