Quarterhill Announces Third Quarter 2018 Financial Results
QUARTERHILL INC COMMON SHARES (QTRH)
Last quarterhill inc common shares earnings: 11/8 06:30 am
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US:NASDAQ Investor Relations:
quarterhill.com/investors/investor-faqs/default.aspx
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Source: PR Newswire
OTTAWA, Nov. 8, 2018 /PRNewswire/ - Quarterhill Inc. ("Quarterhill" or the "Company") (TSX: QTRH) (NASDAQ: QTRH), announces its financial results for the three- and nine-month periods ended September 30, 2018. All financial information in this press release is reported in U.S. dollars, unless otherwise indicated. Third Quarter 2018 HighlightsRevenue of $19.6 million Recurring revenues of $6.3 million, representing 32% of total revenue Adjusted EBITDA* of ($2.5) million Net loss of ($9.3) million, or ($0.08) per common share Cash and equivalents were $62.4 million at September 30, 2018 IRD and VIZIYA's combined revenue and Adjusted EBITDA were up 14% and 125%, respectively year over year WiLAN won a $145.1 million jury award in its patent suit against Apple Inc. IRD announced a five-year $8.1 million contract with the State of Hawaii "Highlights in Q3 were led by continued strong performance at IRD and WiLAN's significant trial victory versus Apple," said Doug Parker, President & CEO o
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