RE:RE:RE:Nasdaq listing?Actually, let me offer a qualifying comment to my previous post.
While, yes, it will be a key milestone when the company produces an actual quarterly profit, you don't want to have that first quarterly profit become the imperative that trumps every other consideration.
So, for example, it would likely be easy to get to profitability soon enough by simply declining to take on any new tolling business (which would likely involve start-up losses). But is that the best path to follow? Maybe not.
It looks like the company faces a balancing act with each new potential tolling contract--at least if the contract will, of necessity, involve losses in the first 1 or 2 years.
For sure the tolling losses of 2022 and 2023 Q1 cannot continue.
But is it better to reach profitability in H2 2023 with less tolling growth? Or reach profitability in, say, mid-2024 with more tolling growth?
I guess that's a judgment call which I'm okay to leave up to the new board.
=========
One thing I like in what seems to me the post-Wilan picture is (maybe) a relatively new sense of urgency with regard to managing costs.
I have a suspicion that Wilan being part of the business may have inspired an element of cost-management carelessness at the top of Quarterhill. If you think about it it makes sense.
In quarters where Wilan didn't have a big settlement there was no hope of achieving profitability. So why even try all that hard with tight cost management?
On the other hand, in quarters where Wilan DID have a big settlement there would be a guaranteed huge level of profitability. So who needs cost management when you're raking in all that money?
Now Quarterhill ITS is on its own. Lots of potential but there's no big Wilan settlement coming that might bail everything else out.