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Quarterhill Inc T.QTRH

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

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.


TSX:QTRH - Post by User

Post by ElJon Aug 11, 2022 1:23pm
242 Views
Post# 34888836

Brief extracts from Q2, 2022 Results

Brief extracts from Q2, 2022 ResultsA few observations from Q2, 2022 Result numbers:
  • We all know that ETC was acquired September 1, 2021 and as a result, the comparative financial statements for the three and six months ended June 30, 2022 vs. the same periods in 2021 are of only modest interest. 
  • Operating expenses for Q2 2022 and the 2022 year-to-date period included a one-time $14.6 million charge to settle litigation and arbitration disputes with the former owners of VIZIYA. 
  • Consolidated Adjusted EBITDA  for the three and six months ended June 30, 2022 was negative $9.0 million and $70.1 million
  • Cash generated from (used in) operations for the three and six months ended June 30, 2022 was $77.8 million and $68.6 million. Cash and cash equivalents and short-term investments were $122.9 million at June 30, 2022, compared to $72.6 million at December 31, 2021.
  • Net income (loss) for the three and six months ended June 30, 2022 was ($23.8) million, or ($0.21) per diluted share, and $33.1 million, or $0.25 per diluted share, 
     
Many issues, business transition strategies, Wilan division Review process,  and ITS(intelligent transportation systems) management focus are unfolding here and the future growth of this company can be  a very interesting participation opportunity,

Peace,
Good Decision-making to All,
ElJ 





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