/PRNewswire/ - Quarterhill Inc. ("Quarterhill" or the "Company") (TSX: QTRH) (OTCQX: QTRHF), announces its financial results for the three months and year.
TORONTO, March 21, 2022 /PRNewswire/ - Quarterhill Inc. , announces its financial results for the three months and year ended December 31, 2021. All financial information in this press. | March 21, 2022
Quarterhill Announces First Quarter Fiscal 2021 Financial Results
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TORONTO, May 6, 2021 /PRNewswire/ - Quarterhill Inc. ( Quarterhill or the Company ) (TSX: QTRH) (OTCQX: QTRHF), announces its financial results for the three-month period ended March 31, 2021. All financial information in this press release is reported in Canadian dollars, unless otherwise indicated.
Q1 Fiscal 2021 Highlights
Consolidated Adjusted EBITDA
1 was ($0.4) million. IRD generated $1.4 million of positive Adjusted EBITDA and WiLAN generated $1.2 million of positive Adjusted EBITDA
Cash, cash equivalents, and short-term investments were $132.0 million at March 31, 2021
Working capital was $150.3 million at March 31, 2021
Acquired Sensor Line GmbH ( Sensor Line ), a provider of fiber optic traffic sensors for road and rail markets
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VDS is a German-based provider of speed radar, adding new monitoring and enforcement capabilities to International Road Dynamics ( IRD )
VDS to be integrated into IRD s wholly owned subsidiary, Sensor Line GmbH
Acquisition price of approximately $2.8 million
TORONTO, April 28, 2021 /CNW/ - Quarterhill Inc. ( Quarterhill ) (TSX:QTRH) (OTCQX:QTRHF), announces that it has completed the acquisition of all the issued and outstanding shares of VDS Verkehrstechnik GmbH ( VDS ), a German-based Intelligent Transportation Systems ( ITS ) provider of high precision traffic monitoring devices, for cash consideration of approximately $2.8 million. All dollar amounts are in Canadian dollars unless otherwise stated.
Based in Löbau, Germany, VDS develops, manufactures and sells fixed and mobile traffic monitoring devices that record driver speed and red-light infractions. VDS s devices are currently the only radar-based products certified under new regulations in Germany that enable d
Quarterhill Announces Fourth Quarter and Fiscal 2020 Financial Results
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TORONTO, March 11, 2021 /PRNewswire/ - Quarterhill Inc. ( Quarterhill or the Company ) (TSX: QTRH) (OTCQX: QTRHF), announces its financial results for the three- and twelve-month periods ended December 31, 2020. The Company historically prepared its consolidated financial statements in accordance with U.S. GAAP and in U.S. dollars. Effective January 1, 2020, the Company has adopted IFRS and the Canadian dollar as its reporting currency. The Company has consistently applied the same accounting policies in its opening IFRS statement of financial position at January 1, 2019, and throughout all periods presented as if these policies had always been in effect. All financial information in this press release is reported in Canadian dollars, unless otherwise indicated.