Quarterhill Inc. (T:QTRH*CA)
Business Focus: Communications & Networking (NEC)
| Sector: Technology | Industry: Communications & Networking |
| Company Contact | |
| Address: | 25 King St. W, Suite 1101 TORONTO ON M5L 2A1 |
| Tel: | 1-613-6884330 |
| Website: | https://www.quarterhill.com |
| IR: | See website |
| Key People | ||
| Charles Myers Chief Executive Officer, Director | John H. Karnes Chief Financial Officer | Kevin Holbert President and Chief Executive Officer of ETC |
| Rish Malhotra President & Chief Executive Officer - International Road Dynamics Inc | Andrew Parolin President and Chief Executive Officer of WiLAN | Prashant Watchmaker Senior Vice President, General Counsel, Corporate Secretary | James M. Childress Chief Technology Officer |
| Business Overview |
| Quarterhill Inc. is a Canada-based company, which is engaged in providing tolling and enforcement solutions in the Intelligent Transportation System (ITS) industry. The Company provides end-to-end mobility systems to some of the tolling authorities in the United States, including in Texas, California and Illinois through Electronic Transaction Consultants, LLC (ETC). ETC's core products comprise the riteSuite platform, a scalable and customizable cloud-based tolling and mobility solution. The platform has applications for the roadside and back office, with strengths in vehicle identification, tracking, dynamic pricing and interoperability amongst agencies. The Company's wholly owned subsidiary is International Road Dynamics Inc. (IRD), is a multi-discipline, technology company and provider of Intelligent Transportation Systems. It provides integrate ITS technologies into systems designed to solve and challenging transportation problems. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Quarterhill Inc revenues increased 22% to C$194.3M. Net loss before extraordinary items decreased 19% to C$43.8M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Lower net loss reflects Selling/General/Admin. Expense decrease of 28% to C$35M (expense), Other charges decrease of 53% to C$9.6M (expense). |
| Employees: | 449 as of Dec 31, 2023 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $224.40M as of Dec 31, 2023 |
| Annual revenue (TTM): | $194.32M as of Dec 31, 2023 |
| EBITDA (TTM): | $2.84M as of Dec 31, 2023 |
| Net annual income (TTM): | -$43.80M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$38.07M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $29.92M as of Dec 31, 2023 |
| Shares outstanding: | 115,076,583 as of Jan 16, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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