Quarterhill Inc. (QTRH) Misses Q2 EPS by 3c, Miss on Revenues

Quarterhill Inc. (NASDAQ: QTRH) reported Q2 EPS of $0.03, $0.03 worse than the analyst estimate of $0.06. Revenue for the quarter came in at $18.6 million versus the consensus estimate of $21.72 million.

Second Quarter Highlights

• Revenue of $18.6 million
• Adjusted EBITDA* of $4.8 million
• Net income of $3.6 million, or $0.03 per share
• Cash from operations of $3.1 million
• Announced a new acquisition-oriented growth strategy and changed the name of the public company to Quarterhill
• Acquired International Road Dynamics ("IRD"), a highway traffic management technology company specializing in supplying products and systems to the global Intelligent Transportation Systems industry, on June 1, 2017
• Acquired VIZIYA Corp ("VIZIYA"), a software and services provider that helps companies optimize their asset performance, on May 4, 2017
• Completed the first tuck-in acquisition – iCOMS Detections S.A

For earnings history and earnings-related data on Quarterhill Inc. (QTRH) click here.

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