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Quarterhill Inc T.QTRH

Alternate Symbol(s):  QTRHF | T.QTRH.DB

Quarterhill Inc. is a Canada-based company, which is engaged in providing of tolling and enforcement solutions in the intelligent transportation system (ITS) industry. The Company is focused on the acquisition, management and growth of companies that provide integrated, tolling and mobility systems and solutions to the ITS industry as well as its adjacent markets. The Company’s solutions include congestion charging, performance management, insights & analytics, analytics, toll interoperability, mobility marketplace, maintenance, e-screening, tire anomaly detection, multi-modal data, intersection management, and others. Its tolling includes roadside technologies, commerce and mobility platforms, audit and enforcement, and tolling services. Its safety and enforcement comprise commercial vehicles, automated enforcement, freight mobility, smart transportation, and data solutions. The Company’s wholly owned subsidiary is International Road Dynamics Inc.


TSX:QTRH - Post by User

Post by buckonon Mar 21, 2022 8:11am
271 Views
Post# 34530673

Top line from wallst.com

Top line from wallst.com
 
Alert Sent 2022-03-21 07:58:44 AM ET

Quarterhill Reports Q4 Revenue of $51.2 Million Missing Forecast; Comments on WiLAN Strategic Review

2022-03-21 07:58:00 AM ET (MT Newswires)

07:58 AM EDT, 03/21/2022 (MT Newswires) -- Quarterhill Inc. (QTRH.TO) earlier Monday reported Q4 2021 revenue of $51.2million, compared with $18.1 million last year, and missing a Capital IQ average forecast of $53.43 million.

The company reported a net loss of $9.5 million, or $(0.08) per share, missing a forecast of net income of $0.03 per share. Quarterhill had recorded a net loss of $10.2 million, or $(0.09) per share for the prior year period.

Last December, Quarterhill announced a strategic review process for the WiLAN business. A special committee of the Board of Directors was formed to oversee the process and Stout Capital, LLC has been selected as the financial advisor to conduct the strategic review.

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