Very good news, likely more to comeThis news should kickstart a new leg up for Quarterhill share price, but it shouldn't be the only one.
Between this news and the Wilan sale, Quarterhill will have $250MM in cash to spend on acquisitions this year in the ITS market. Including increases in debt to fund acquisitions, they could be able to spend USD $300MM on acquisitions (two more ETC size acquisitions) and get to runrates over $400MM in revenue and over $55MM in EBITDA by the end of the year or early next year.
Q1 results will come with a big positive earnings number which will crank back EPS into positive territory on all stock metrics websites. I expect a bigger move up for the share price at that time.