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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 27, 2024 10:50am
136 Views
Post# 35955388

RE:RE:RE:Questions About QTRH

RE:RE:RE:Questions About QTRHIn the main this speaks to the backlog and year-to-year renewals I covered in my previous post.  Backlog is a metric I've been tracking.  Clearly, leadership has an eye on higher margin SaaS revenue as well going forward; they said so in the Q4 call.  So 70% recurring and 15% to 20% "near" recurring  is a pretty good situation ot be in.  Down the road, the challenge will be to replace the long term contracted business that forms the backlog, as those long term projects roll off.  That, though, is several years down the road and winning new awards and increasing SaaS revenue should easily replenish the backlog.  

There was a very important comment by Myers regarding the EBITDA  longer term target, pegging it at 20%.  Since the time of the ETC acquisition, the target has been 15%.  To get there QTRH will need to improve bidding and cost control and add higher margin business.  SaaS fills the latter need.

Despite the silience, I see QTRH as in a good place.  With senior leaders putting skin in the game, clearly they see the upside too.

Welcome aboard AlwaysLong.
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