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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.


TSX:QTRH - Post by User

Quarterhill Inc > Qtrh
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Comment by cabbieJBJon Mar 26, 2023 1:07pm
189 Views
Post# 35361298

RE:RE:RE:Qtrh

RE:RE:RE:QtrhHomework is right.  Even if there is ZERO imporvement in direct cost management, there are ~$33M of extraordinary items in 2022 that won't appear in 2023:
  • Viziya arbitration settlement identified by HW: $14.6M
  • "Learning" from unanticipated implementation costs: $10.5M
  • Cost of staffing and other ciosts cutting measures: $4M
  • Savings from cost cutting measures: $4M
2022 was a year of learning.  The company had never been awarded contracts of the size and scope that they did in late 2021 and 2022.  While the performance should have been much better, there is value from learning from mistakes - so long as they do not repeat.  All these contracts are past the mid point s,o JG is credible when he says there should not be any more major surprises.  While there will always be unanticipated items, the company claims it has implemented a more rigorous review of project progress and costs.  This, in concert with exposure to a wider audience (JG's words), should  lead to early recognition of issues.  In principle this is the right approach.

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