Post by
Socrates1 on Oct 11, 2023 8:11am
Eye on the prize
steady as she goes...........
"We are pleased to go live on SH 71, the first of our projects with CTRMA and the second toll project launch for Quarterhill in the past month. Transitioning our ongoing tolling projects from implementation to the operations phase is important for Quarterhill as we work to expand our presence in the US tolling market and drive top-line and margin growth for the business."
Comment by
Tsmith on Oct 11, 2023 9:15am
Great to see some news Are these contracts larger than the ird ones
Comment by
Tsmith on Oct 11, 2023 9:39am
Lets hope we get some more ETC contracts. I asume ETC is the larger player than IRD
Comment by
cabbieJBJ on Oct 11, 2023 12:32pm
Tsmith, you raise a good point. QTRH has advised ETC target EBITDA is 15%, with implementation in the 7%-10% range. IRD margins are in the 40% range without a implementation discount. So roughly, an IRD dollar equates to 2 1/2 to 3 ETC dollars.