Quarterhill Inc T.QTRH

IRD PIPELINE M & A

[astutein]

Other part of ITS segment can be very important part of our ITS segment.

In Q3 ITS segment reported 4.5 million EPIDA of which I have included 1.6 million  re ETC as only one month.  Annual 12  to15 so I divided 14 by 12 for i month or 1.6.

Q3 Epitda              4.5  million
ETC                       1.6
                                              IRD portion   2.9 million
12 million IRD foryear?

Therefore  IRD EPIDA   Could be in 12 million range & ETC  12 to15

M &A commentsby Paul

 

---The strong fundamentals remain in place at IRD
---Record quarter bookings
---Significant contract backlog
---Sensor line & VDS tuck ins are tracking ahead of plan
---Success in bringing Sensor line products tous
---ETC & IRD working together in US & outside US

[shareholders1]

Astutein/ Accountant: Have you posted those revised accounting entries re Motorola, by year? Also, been meaning to say for a while now, it is "EBITDA". 

[cabbieJBJ]

shareholders, please check your inbox

[astutein]

Shareholders    Please access SEDAR for Interim Financial statement filed nov10 by QTRH. Balance Sheet shows 2 Assets Debits Accounts receivable           27245 M Unbilled Revenue               26254 M Total                              &

[cabbieJBJ]

Astutein, why don't you take a moment tomorrow and email QTRH and ask for a better understanding of the issues here. Just a suggestion.

[astutein]

cabbie It is a fact that we have unbilled revenue on Balance Sheet filed nov10sedar. Doug Taylor on conference call re Motorola stated the following: But the timing of it.  I just want to understand whether that was in fact all reported in Q3 or Q4 item. Paul answered   "" First question is yes,it was a Q3 deal.  So it showed up in Q3. Now John Rim "&

[astutein]

v-g  Could you read my post of Nov11 2021  11.00 PM and respond.to this issue. Licensing revenue  of 11 million reported by Quarterhill? In view of conference call of Doug  Taylor, Paul and John Rim.  confusion of Q3 and Q4. Please Read Conference call and provide comments as it was you who reported Motorola? Complete conference call on Seeking alpha. Thanks

[Joey67]

This post has been removed in accordance with Community Policy

[shareholders1]

"Q3 deal" comment followed the reference to Q4 by the CFO was confusing. The latter comment had to be a reference to the related Motorola accounts receivable being collected in cash in Q4. That is why the Accounts Receiveable BS number is so much higher at end of Q3. Unrelated to the above, my guess is the "Unbilled revenue" line on the BS relates to IRD work in progress, not

[shareholders1]

Earlier typo corrected, now adding the missed word: "Q3 deal" comment, followed BY the reference to Q4 by the CFO was confusing. The latter comment had to be a reference to the related Motorola accounts receivable being collected in cash in Q4. That is why the Accounts Receiveable BS number is so much higher at end of Q3. Unrelated to the above, my guess is the "Unbilled

[cabbieJBJ]

Astutein and Joey, there is no confusion in my mind.  Here is what John Rim said,  John Rim Yes, absolutely. Doug, you hit the nail on the head. There is a bit of a lag. There is always a timing difference of when the deals are signed and we recognize revenue and then we eventually collect the cash on it. But that was post Q3. Let's parse his reply.   He speaks of

[shareholders1]

Astutein asked: "Are you taking position Unbilled Revenue will not be collected and eventually not in revenue.?" Per the discussion re the 2020 fiscal results back in March/ April, Unbilled Revenue" appears to be revenue that has been recorded for work in progress and it likely relates to IRD, not to Wilan. It has already been recorded as revenue on the IS: ie Debit Unbilled