Stand up Auditors 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