Quarterhill Inc T.QTRH

RE:RE:RE:RE:IRD's competition

[mrmoribund]

You're probably including the non-ITS part of Kapsch. Here's from their site. Note that while they do have cash, their equity at the end of this year is projected to be 14% of total assets. That is pretty tight.

Preliminary results for financial year 2020/21.

The financial year 2020/21 of Kapsch TrafficCom ended on March 31, 2021. Based on preliminary figures, the company expects revenues of about EUR 500 million. The operating result (EBIT) including negative special effects will be a loss of about EUR 124 million. The most relevant negative special effects account for an EBIT impact of about EUR 139 million and include:

• EUR -79 million: Adjustment of project margins and provisions for onerous contracts, particularly for projects in North America
• EUR -21 million: Goodwill impairment
• EUR -14 million: Provisions for restructurings
• EUR -8 million: Provision for lawsuit in the USA
• EUR -8 million: Currency effects
• EUR -6 million: Impairment of inventory
• EUR -3 million: Impairment of trade receivables

Despite the significantly negative result, the equity ratio still amounts to about 14%.
As of March 31, 2021, Kapsch TrafficCom held liquid funds in excess of EUR 100 million.