Quarterhill Inc T.QTRH

Material information

[shareholders1]

Justhalfull - The term "material information" is used by both TSX/ TSX Companies Manual and OSC/ OSA, but the disclosure requirements appear to be slightly different.

One difference is that the TSX goes on to say, in the examples cited, that a significant change in near term profitability should be disclosed. However, the the interpretation of the OSA is that such is not a "material change", so can it to be diclosed in the normal course via quarterly releases.

One other comment that was made is that licensing revenue is very variable, and the market knows that, thus no need to pre-announce. I get that. But if QTRH chooses to preannounce the large "beats"/ positive news, it should also preannounce the large "misses"/ negative news.

[Justhalffull]

Yes, they must report both positive and negative events that are material.  As for reporting licensing revenue misses, that would be difficult to do, as they do not know when a licensee will sign, nor do they know for how much the licensee will sign. in the case of the Motorola license, I believe it is material, but do not know for sure.  Both OSC and TSX rules clearly state that

[shareholders1]

If there is no press release does not necessarily mean that you, personally,or others would not consider it material. More importantly, although it is somewhat subtle and a bit confusing, revenue beats or misses could be "material information, but generally, they are not "material change". Only "material change" require immediate disclosure. Material change refers to

[cabbieJBJ]

I agree with you shareholders.  QTRH has already commented on F21 revenue.  I don't expect a presser unless it is for marketing purposes - which I see as unlikely.  Q3 results will be the info release (probably 04-Nov-2021) imo, and my read is that QTRH does not want to dilute the impact of a very strong quarter, ETC/IRD vision and hopefully CAFC/German tailwinds.

[Justhalffull]

If there is no press release, I can and will consider the license signing immaterial.  Stocks go up and down for many reasons,  there was nothing extraordinary in the Q4 2020 results.  licensing was lower than the previous year, and the ITS revenue was within $600,000 of the 2019 revenue.  The stock took a little run ro 3.11 in early Feb, but was back downto the 2.40's a

[shareholders1]

Was trying to help, but I give up.

[cabbieJBJ]

It's a free country shareholders.  People can do whatever they want as long as it just impacts themselves.  Advice can be ignored or rejected and they can just keep trekking on.  Trying to inform someone who won't listen is rarely fulfilling or productive.