Quarterhill Inc T.QTRH

Kapsch USA

[cabbieJBJ]

Could parts of Kapsch USA be for sale. They recently offloaded the non tolling portions of their Italian sub? A recent post suggested Kapsch had financial issues.

[mrmoribund]

Kapsch? Financial issues? Well, let's see. In 2019-20 they lost 55.7 million euros on sales of 731 million euros. Then in 2020-21 they lost 105.3 million euros on sales of 505 million euros. Take a look. https://www.kapsch.net/_Resources/Persistent/e6484f259475ff855bd646bc468af98e743b952e/KTC_Annual_Financial_Statements_2020-21.pdf

[cabbieJBJ]

how is the balance sheet?

[mrmoribund]

Kapsch appears to provide a complete balance sheet only with annual results. For June 30, 2021 there is only selected "Balance Sheet data." They show "net debt" of 181.5 million euros--but this is cash and other current financial assets less financial and lease liabilities. Against this they show 89.7 million euros in equity. So it's stretched but perhaps not critical

[cabbieJBJ]

Thanks for the perspective mrmoribund. I. On my phone and could open the link. Cheers.

[mrmoribund]

One other thing relating to Kapsch that is interesting. Darby Swank, hired by ETC (VP Major Accounts) as of October 4, was promoted to SVP, Sales of Kapsch TrafficCom North America as of May 4, 2021. So he was in that position for only 5 months. It has to make you wonder if Kapsch is in something of a state of disarray. Anyways, take a look at the following. It's pretty clear that Darby

[cabbieJBJ]

I noticed that at the time when I checked his LinkedIn page. Something does not smell right at Kapsch. That's why I asked the question.

[astutein]

Very interesting read - News release by ETC- Bruce Kidd Oct 4 2021 Electronic Transaction Consultants news release| ELECTRONIC TRANSACTION CONSULTANTS NAMES DARBY SWARK VP MAJOR ACCOUNTS ETC.com/darby swank vp press release What is very surprising is that dabry swank was appointed just this May4 / 2021  AS senior vp of large accounts and 5 months later left Kapsch. Thanks Morribund