Quarterhill Inc. (QTRH) Misses Q3 EPS by 19c, Beats on Revenues

Quarterhill Inc. (NASDAQ: QTRH) reported Q3 EPS of $0.22, $0.19 worse than the analyst estimate of $0.41. Revenue for the quarter came in at $85.9 million versus the consensus estimate of $77.37 million.

Third Quarter Highlights

• Revenue of $85.9 million, exceeding the high-end of the expected $72.5 to $82.5 million range previously provided
• Adjusted EBITDA* of $60.6 million, exceeding the high-end of the expected $50.0 to $56.0 million range previously provided
• Net income of $26.2 million, or $0.22 per share
• Announced a new comprehensive license agreement with Samsung, in the Technology segment
• Acquired a portfolio of patents in the Technology segment using the partner model; patents are related to Content Delivery Network technology
• Announced three contracts collectively valued at more than $10.0 million, in the Mobility segment
• Acquired iCOMS Detections S.A. ("iCOMS"), based in Belgium, in the Mobility segment

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

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