Quarterhill Announces First Quarter 2019 Financial Results
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Quarterhill Inc. (QTRH) Tops Q1 EPS by 2c, Revenues Beat
May 9, 2019 6:38 AM EDTQuarterhill Inc. (NASDAQ: QTRH) reported Q1 EPS of $0.00, $0.02 better than the analyst estimate of ($0.02). Revenue for the quarter came in at $39.8 million versus the consensus estimate of $24.26 million.
Revenues of $39.8 million, which is above the estimated range of $33.0-$36.0 million provided previouslyRecurring revenues of $5.6 millionAdjusted EBITDA* of $12.5 millionNet income of $29,000, or $0.00 per basic and diluted common shareCash and equivalents were $53.8 million at March 31, 2019. Cash and equivalents declined in Q1 2019 due to working capital adjustments which saw accounts receivable increase $27.1 million. The... More