Bullboard - Stock Discussion Forum Quarterhill Inc T.QTRH

Alternate Symbol(s): T.QTRH.DB | QTRHF

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

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TSX:QTRH - Post Discussion

Quarterhill Inc > Doug is not impressed.

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Post by v_guerriero on Nov 10, 2022 7:32am

Doug is not impressed.

Q3 first look: Another broad miss from both businesses

Investment Recommendation

Quarterhill announced Q3 results that were again below expectations. ITS business fell short of our model while the lumpy patent licensing business did not have any material revenue in the quarter. In addition, cash flow was substantially negative in the quarter following a legal settlement with the former owners of VIZIYA. Overall conditions are said to remain challenging in Q4. While management speaks to growth and EBITDA expansion in 2023, the unpredictability of the ITS business and little clarity as to the outcome of the licensing business’ strategic review leads us to maintain a cautious outlook for QTRH shares.

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