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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

Comment by cabbieJBJon Mar 26, 2024 7:23am
201 Views
Post# 35952398

RE:Questions About QTRH

RE:Questions About QTRHQTRH IR can best answer your questions.  But, I'm up early, so I'll pass on what I know.

If you read the transcript of the Q4 call, management addressed revenue.  As you know, the backlog of contracted business, which spans many years, was reported at USD $520M in Q4, up $20M from Q3.  The backlog is contracted revenue, but does not include renewals and does not include the value of any expected but unsigned change orders that management considers may apply to such contracts. The definitons are in the Q4 results presser.

On the call the CFO addressed the 2024 revenue target.  While he did not provide a specific target for 2024 revenue, he did say that ~70% of the target was already baked in from the backlog and that there was visibility on another 15% to 20% from long term contracts that called for year-to-year renewal; this portion has a very high probability to be recognized, but because it is not contracted, it is not included in the backlog. So there is visibility on 85% to 90% of the 2024 revenue target.  You can call that recurring revenue if you wish.

I do not know definitively where Myers resides, but I can tell you that it is not Toronto; his LinkedIn page says he lives in Austin TX. 

Please don't be fooled by the location of the corporate head office.  QTRH is effectively a US company.  Revenue comes from the ETC and IRD platforms.  ETC is in Dallas and does 100% of business in the USA and IRD, although headquartered in Saskatoon, also gets the majority of its revenue in the USA.  With the absorbtion of the ETC/IRD subs into QTRH, as the operating entity, the new QTRH website presents its seven-member corporate executive team that has been assembled from various parts of the previous subs.  They appear to be geographically dispersed.

I hope this helps.


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