Quarterhill Inc T.QTRH

Stand up Auditors

[v_guerriero]

Rekor wrote down its goodwill related to its STS acquisitions by $35 million.  They "performed an interim impairment assessment as of September 30, 2022, and determined that we had an impairment related to goodwill..."

I have no idea how Quarterhill's auditors can let them get away with this and for so long.

The full goodwill should be written down to 0 at this point leading to a $0.50 book value write down

[mrmoribund]

There are several reasons why there should be no need to writedown goodwill anytime soon. I'm pretty sure auditors would give consideration to the results of the company as a whole. So let's say you have divisions A, B, and C. A and B are doing well. C is struggling a bit and has goodwill attached to it. But because of A and B's good results, the company as a whole is profitable. At

[cabbieJBJ]

Well done mrmoribund - great post.  Thanks to your fine post I no longer have to read the little man's drivel; your cogent replies keep me abreast of the latest negativity. 

[Joey67]

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