Quarterhill Announces Third Quarter 2019 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
Q3 Revenue of $25.4 million and Adjusted EBITDA of $2.0 million; cash balance at quarter-end was $72.1 million KITCHENER, ON, Nov. 7, 2019 /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, 2019. All financial information in this press release is reported in U.S. dollars, unless otherwise indicated. Third Quarter 2019 HighlightsRevenues of $25.4 million, compared to $19.6 million in Q3 last year Recurring revenues of $4.7 million, compared to $6.3 million in Q3 last year Adjusted EBITDA* of $2.0 million, compared to ($2.5) million in Q3 last year Net income of $9.3 million, or $0.08 per basic and diluted common share, compared to net loss of ($9.3) million, or ($0.08) per basic and diluted common share, in Q3 last year Cash and cash equivalents were $72.1 million at September 30, 2019, compared to $67.3 million at December 31, 2018 Subsequent to quarter
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