Quarterhill Announces First Quarter Fiscal 2021 Financial Results
USA - English
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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