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 > No one cares about QTRH

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Comment by v_guerrieroon Mar 16, 2022 9:34pm

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Post# 34520592

RE:RE:No one cares about QTRH

Americans were told that inflation would be "transitory". If you believed that BS, you would have lost lots of money.

The delayed financials are a consequence of OPERATION DISTRACTION. The WiLan business is in the gutter and could no longer fund the bloated corporate structure. So they are bringing the hatchet to the corporate expense base, ditching WiLan and hopefully get shareholders to buy into becoming a road troll.

But you have no knowledge of what this business is. Just that we paid a lot for it ($150M) and there is a forecast for 12-15M in EBITDA for next year.

This has been reduced to SPAC-like investment. No history of financials, all new leadership team (again!), new Board members. More options. More dilution.

Shareholders are told to HAVE FAITH. You are asked to accept and pay for the transition. And I think there is going to be one fat charge coming. They will say we wrested with the auditors and it is now all "below the line", but at the end of the day it will cost money and deplete the cash base.

They will keep saying "but look at Adjusted EBITDA!!! It looks sooooooo much better if we adjust the actual results!!!!"

And I say to that shareholders actually get paid on net income. All those charges add up and seem to be consistent year after year. You are reminded of all of those useless patents that we own that were bought with the WiFi proceeds as those patent purchases are amortized on the income statement.

And the debenture interest costs are real money too. Taxes don't matter at this point as the company needs to make money to pay the government before it can add value to shareholders.

Now we sold debentures that finance the dividend. And even those debentures are trading below par.

Now debentures are being priced with a credit default premium baked in. If debenture holders think there is a risk of not getting paid back at par, why do common stockholders think that they are going to make a big pay day? And why do common stock holders think the dividend is forever protected? The debentures are the most interesting action. Pay attention to them.