Quarterhill Announces Second Quarter 2018 Financial Results
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Quarterhill Inc. (QTRH) Misses Q2 EPS by 5c, Revenues Miss
August 9, 2018 6:34 AM EDTQuarterhill Inc. (NASDAQ: QTRH) reported Q2 EPS of ($0.07), $0.05 worse than the analyst estimate of ($0.02). Revenue for the quarter came in at $20.4 million versus the consensus estimate of $24.26 million.
Revenue of $20.4 millionRecurring revenues of $6.8 million, representing 34% of total revenueAdjusted EBITDA* of ($4.0) millionNet loss of ($7.9) million, or ($0.07) per common shareCash and equivalents were $73.1 million at June 30, 2018Announced Mr. James (Jim) Skippen will retire from his positions as Executive Chairman of Quarterhill and interim CEO of WiLAN in August 2018; Mr. Skippen will continue as an outside director and... More