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Bullboard - Stock Discussion Forum 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... see more

TSX:QTRH - Post Discussion

Quarterhill Inc > Q3 results are 3-4 weeks away
View:
Post by v_guerriero on Oct 13, 2022 7:36am

Q3 results are 3-4 weeks away

Here is my base prediction:
- Revenues are flat to last quarter, which remain well below expectations.
- EBITDA is negative on a consolidated basis, well below expectations
- Supply chain issues remain in place and outlook remains quite challenged and the margin improvement forecast will be withdrawn
- Blame sale process distraction for the WiLan miss.  And supply chain issues for ITS miss.  And customers delaying decisions due to interest rate financing costs in building infrastructure. 
- All analysts cut price targets, except Cannacord.


The key risk factors:
- Major goodwill and patent asset writedown leading to a ($0.75/share book value writedown)
- Indicate the environment is unfavourable to a patent transaction and ending the process at this time
- Labour challenges lead to more customer special charges due to inability to complete projects on time 
- Buy another money losing company and drain the cash substantially placing the firm at liquidity risk.  
- Raise common equity at time of acquisition.
- Senior management departures as their options are worthless and unlikely to pay out.  

The positives could include 
- initiate litigation against Align Capital and their bankers for misrepresentations during the ETC sale process
- resolution of a patent dispute 
- longstanding Board members resigning

Comment by Joey67 on Oct 13, 2022 8:48am
This post has been removed in accordance with Community Policy
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