cash and working capital what will it be used forCash and cash equivalents and short-term investments were $61.0 million at June 30, 2023, compared to $67.9 million at December 31, 2022. At June 30, 2023, Quarterhill had working capital of $109.5 million. Due to the nature of the Company's business activities, operating cash flows may vary significantly between periods due to changes and timing in working capital balances.
Does anyone think this cash will be used to buy out another company to expand quarterhill bussiness
Or if cash is not used do you think the new board members and ceo would want to sell quarterhill.
Cash drain from 2022 was a big concern
Cash used in continuing operations for the three and six months ended June 30, 2023, was $10.2 million and $18.7 million, compared to $45.1 million and $51.4 million in the comparative prior year periods, respectively.
My concern with previous ceo and old board members after the apple settelment of about $165 million you would have think that money would have been put to use to expand company why did they burn through so much cash at the time if some one know please let me know. Do you think new board and Ceo is aware that all that cash went so fast and going foward we will be leaner operation. How much more money is quarterhill owed roughly from wi-lan sale and when we get final proceeeds i asume we are done with wi-lan no more 10% ownership would this be done by year end
Is there any companies out there that quarterhill can buy
your thoughts will be appricated.