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Quarterhill (QTRHF)
OTHER OTC:QTRHF
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Earnings Data
Report Date
Feb 27, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-0.03Last Year’s EPS
-0.1Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 08, 2018
|% Change Since: -10.57%
|Next Earnings Date:Aug 09, 2018
Earnings Call Sentiment|Neutral
The earnings call presented a mixed view with positive revenue growth and strategic expansions in new contracts and technology. However, challenges in tolling projects, negative adjusted EBITDA, and increased operating expenses were significant concerns. The company is optimistic about future cash generation and margin improvements.Company Guidance
During Quarterhill's Q3 2024 earnings call, guidance was provided indicating a challenging quarter impacted by $4 million in reserves related to cost overruns on two tolling projects, affecting both revenue and adjusted EBITDA. Despite these setbacks, the company reported Q3 revenue of $38 million, marking a 12% increase from the previous year, although adjusted EBITDA was negative at $2.8 million, compared to a positive $1.4 million last year. The company holds a substantial revenue backlog of $475 million, providing good visibility into future revenue. Looking forward, Quarterhill expects to return to positive adjusted EBITDA in Q4 2024, with growth in top line and margins anticipated into 2025, driven by steady results from their enforcement unit and stronger performance from the tolling unit. The company also aims to generate revenue growth and expand adjusted EBITDA margins by capitalizing on large tolling projects and expanding its technology software footprint.Revenue Growth
Q3 revenue was $38 million, up 12% from $34.1 million last year. Year-to-date revenue was $114.4 million, up 13%.
New Contracts and Global Expansion
The enforcement business won new contracts in Thailand, South Korea, and US states including South Dakota, Minnesota, and North Carolina.
Strategic Divestment and Cash Generation
Entered into a share purchase agreement to sell its position in a Chinese joint venture, expected to generate approximately $8 million net cash.
AI and Machine Learning Advancements
The company is focusing on AI and machine learning applications with a new technical advisory committee formed to enhance technology.
Substantial Revenue Backlog
Ended the quarter with a revenue backlog of $475 million, providing good visibility into future revenue.
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QTRHF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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QTRHF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 08, 2024 | $1.23 | $1.15 | -6.50% |
| Aug 09, 2024 | $1.20 | $1.18 | -1.67% |
| May 13, 2024 | $1.20 | $1.21 | +0.83% |
| Mar 15, 2024 | $1.38 | $1.45 | +5.07% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Quarterhill (QTRHF) report earnings?
Quarterhill (QTRHF) is schdueled to report earning on Feb 27, 2025, TBA Not Confirmed.
What is Quarterhill (QTRHF) earnings time?
Quarterhill (QTRHF) earnings time is at Feb 27, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is QTRHF EPS forecast?
QTRHF EPS forecast for the fiscal quarter 2024 (Q4) is -0.03.
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