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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 BuyNmonitoron Nov 08, 2024 8:58am
201 Views
Post# 36302823

RE:RE:$4 million

RE:RE:$4 millionMessier quarter than I was hoping as it takes gymnastics to figure out actual revenue before the $3 million reserve and actual cost of revenes before the additional $1 million of reserve.  In hindsight, management should have taken those reserves at least one quarter earlier so that the noise was behind them sooner.  But on a happier note, after quarter end they cleaned up the China mess (I assume the guarantee also falls away) and Wilan generated more cash via dividend during the quarter than the asset value on the balance sheet.  Still no collection of unbilled revenue which suggests implementation of contracts have not been signed off by the clients yet.  Also, the backlog fell during the quarter by US$25 million.  Lets hope this is the last noisy quarter, but we will not see Q4 December 31 until March 2025.  Absent good news' press releases before then, we are in for a long dry spell again.  They have done a lot to clean up the inherited mess, lets hope most of that is now done.
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