WiLAN

Quarterhill Announces Q4 and Fiscal 2023 Financial Results

Retrieved on: 
Friday, March 15, 2024
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Please note that beginning with the reporting of its financial results for the three months ended March 31, 2024, Quarterhill will report its results in U.S. currency going forward.

Key Points: 
  • Please note that beginning with the reporting of its financial results for the three months ended March 31, 2024, Quarterhill will report its results in U.S. currency going forward.
  • As a percentage of revenue, SG&A in Q4 2023 was 16% compared to 30% in Q4 2022.
  • Quarterhill will host a conference call to discuss its financial results on Friday, March 15, 2024, at 10:00 AM Eastern Time.
  • These non-IFRS financial measures and non-IFRS ratios are not standardized financial measures under IFRS, and, therefore, are unlikely to be comparable to similar financial measures presented by other companies.

Quarterhill Announces Q3 Fiscal 2023 Financial Results

Retrieved on: 
Wednesday, November 8, 2023
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Financial statements for the three and nine months ended September 30, 2023, and for the respective comparison periods, have been prepared to reflect continuing operations and therefore exclude results during those periods from Wi-LAN Inc. ("WiLAN"), which was sold by Quarterhill on June 15, 2023.

Key Points: 
  • Financial statements for the three and nine months ended September 30, 2023, and for the respective comparison periods, have been prepared to reflect continuing operations and therefore exclude results during those periods from Wi-LAN Inc. ("WiLAN"), which was sold by Quarterhill on June 15, 2023.
  • As a percentage of revenue, SG&A in Q3 2023 was 18% compared to 27% in Q3 2022.
  • Quarterhill will host a conference call to discuss its financial results today at 10:00 AM Eastern Time.
  • These non-IFRS financial measures and non-IFRS ratios are not standardized financial measures under IFRS, and, therefore, are unlikely to be comparable to similar financial measures presented by other companies.

Quarterhill Appoints Chuck Myers as CEO

Retrieved on: 
Tuesday, September 5, 2023
IDC, Interim, Yale School of Management, SG, WiLAN, Engineering, National university, Deep learning, Health, Yale school, Intelligent transportation system, MIT, Transport, Global Leaders Group on Antimicrobial Resistance, Sale, Computer vision, ITS, Leadership studies, TSX, Growth, Syntonic comma, Technology management, Frost, Management, Roper Technologies, Quarterhill

TORONTO, Sept. 5, 2023 /PRNewswire/ - Quarterhill Inc. ("Quarterhill" or the "Company") (TSX: QTRH) (OTCQX: QTRHF), a leading provider of tolling and enforcement solutions in the Intelligent Transportation System ("ITS") industry, announces that Chuck Myers, a member of its Board of Directors (the "Board"), has been appointed Chief Executive Officer ("CEO") of the Company.

Key Points: 
  • TORONTO, Sept. 5, 2023 /PRNewswire/ - Quarterhill Inc. ("Quarterhill" or the "Company") (TSX: QTRH) (OTCQX: QTRHF), a leading provider of tolling and enforcement solutions in the Intelligent Transportation System ("ITS") industry, announces that Chuck Myers, a member of its Board of Directors (the "Board"), has been appointed Chief Executive Officer ("CEO") of the Company.
  • A member of the Quarterhill Board since May 2023, Mr. Myers most recently served as CEO and board member of Cogniac Corporation, a San Jose, California-based provider of enterprise-class AI deep learning solutions that automate visual inspection through image and video analysis.
  • "Chuck's ITS background, public company experience and familiarity with Quarterhill makes him the ideal CEO and leader for the Company," said Rusty Lewis, Chair of the Board at Quarterhill.
  • During this period, Mr. Myers played significant roles in several acquisitions including Syntonic, Cubic Toll Systems, and JHK Associates.

Quarterhill Announces Strong Q2 Fiscal 2023 Financial Results

Retrieved on: 
Wednesday, August 9, 2023
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Q2 2023 and year-to-date operating results from WiLAN, up to the date of sale on June 15, 2023, are reported as net (loss) income from discontinued operations.

Key Points: 
  • Q2 2023 and year-to-date operating results from WiLAN, up to the date of sale on June 15, 2023, are reported as net (loss) income from discontinued operations.
  • "IRD, our enforcement or commercial vehicle operations unit, had another strong quarter with the highest Q2 revenue in its history, while also generating strong Adjusted EBITDA margins.
  • As a percentage of revenue, SG&A in Q2 2023 was 16% compared to 33% in Q2 2022.
  • Quarterhill will host a conference call to discuss its financial results today at 10:00 AM Eastern Time.

Quarterhill Announces the Sale of Wi-LAN Inc.

Retrieved on: 
Thursday, June 15, 2023
Intellectual property, Interim, Senior advisor, History, IP, Arena, Sale, Patent, ITS, TSX, Intelligent transportation system, Cryptocurrency, WiLAN

No current or prior Quarterhill insiders are investors in WiLAN.

Key Points: 
  • No current or prior Quarterhill insiders are investors in WiLAN.
  • Quarterhill will be entitled to receive its pro rata portion of any dividend distributions made by WiLAN.
  • "This sale was the logical conclusion of WiLAN's strategic review that started at the beginning of 2022 and enables Quarterhill to now focus exclusively on its exciting Intelligent Transportation System ("ITS") business."
  • Quarterhill was advised by Stout Capital, LLC as Its financial advisor for the WiLAN strategic review process.

Quarterhill Announces Q1 Fiscal 2023 Financial Results

Retrieved on: 
Wednesday, May 10, 2023
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Quarterhill's Management's Discussion and Analysis and financial statements for the three months ended March 31, 2023 ("Q1 2023") are available at the Company's website and at its profile at SEDAR .

Key Points: 
  • Quarterhill's Management's Discussion and Analysis and financial statements for the three months ended March 31, 2023 ("Q1 2023") are available at the Company's website and at its profile at SEDAR .
  • The decrease in consolidated revenue in Q1 2023 was due primarily to the size of licensing agreements completed in Q1 2022.
  • Gross margin in the ITS segment was 13% in Q1 2023 compared to 28% in Q1 2022.
  • Quarterhill will host a conference call to discuss its financial results today at 10:00 AM Eastern Time.

Quarterhill Announces Q4 and Fiscal 2022 Financial Results

Retrieved on: 
Wednesday, March 22, 2023
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Quarterhill's Management's Discussion and Analysis and financial statements for the three and twelve months ended December 31, 2022 ("Q4 2022" and "fiscal 2022") are available at the Company's website and at its profile at SEDAR .

Key Points: 
  • Quarterhill's Management's Discussion and Analysis and financial statements for the three and twelve months ended December 31, 2022 ("Q4 2022" and "fiscal 2022") are available at the Company's website and at its profile at SEDAR .
  • ITS revenue in Q4 2022 declined compared to Q4 2021 due primarily to the timing for recognition of revenue associated with certain tolling projects in Q4 2022 and to contracts whose term expired at the end of 2021 and therefore did not contribute to revenue in fiscal 2022.
  • Gross margin in the ITS segment was 25% in Q4 2022 and 24% in fiscal 2022 compared to 28% and 34% for the comparative prior year periods, respectively.
  • Licensing gross margin in fiscal 2022 was 54% compared to 15% in fiscal 2021 due primarily to the significant licensing activity that occurred earlier in 2022.

Quarterhill Announces CEO Change and Preliminary Consolidated Results for Fiscal 2022

Retrieved on: 
Monday, March 20, 2023
Interim, Telephone number (mathematics), International, Chairperson, WiLAN, Telephone, Tax, Kidd, Intelligent transportation system, EBITDA, Ix, ITS, Annual general meeting, CFO, Depreciation, TSX, Adjustment, Management, Cryptocurrency, Broadcasting, Quarterhill

John Gillberry, who is currently Chair of the Board, has been named Interim CEO.

Key Points: 
  • John Gillberry, who is currently Chair of the Board, has been named Interim CEO.
  • Quarterhill's Board has formed a CEO search committee to conduct a search to select the company's next CEO and will be engaging an executive recruiting firm to assist with this process.
  • Quarterhill announces that its consolidated revenue for fiscal 2022 is expected to be in a range of $303-307 million with consolidated Adjusted EBITDA1 expected to be in a range of $63-66 million.
  • Quarterhill will release its complete financial results for the three- and twelve-month periods ended December 31, 2022, on Wednesday, March 22, 2023.

Michelman & Robinson Adds Powerhouse Patent Litigator in Dallas

Retrieved on: 
Wednesday, February 1, 2023
Benchmark, Patent, WiLAN, McKool Smith, Apple Inc., Ashley, Lawyer, Johnson & Johnson, Hatsune Miku and Future Stars: Project Mirai, IP, R, Theft, Pharmaceutical industry

DALLAS, Feb. 1, 2023 /PRNewswire/ -- Nationally recognized law firm Michelman & Robinson, LLP is expanding the reach of its intellectual property practice with the addition of veteran patent litigator Ashley Moore, formerly a principal at McKool Smith in Dallas.

Key Points: 
  • DALLAS, Feb. 1, 2023 /PRNewswire/ -- Nationally recognized law firm Michelman & Robinson, LLP is expanding the reach of its intellectual property practice with the addition of veteran patent litigator Ashley Moore, formerly a principal at McKool Smith in Dallas.
  • She also has significant experience prosecuting patents in both the inter partes review and pre-issuance contexts.
  • M&R founding partner Sanford Michelman said Ms. Moore's addition is a key component of the firm's Dallas expansion.
  • Bottom line: I couldn't be happier that she's now my counterpart in Dallas."

WiLAN Subsidiaries Enter into License Agreement with Micron

Retrieved on: 
Friday, October 21, 2022
ITS, Communication, Intelligent transportation system, TSX, Cetus, LLC, Intellectual property, WiLAN, IRD, IMS, Acquisition, Micron Technology, Industry, NSI, Internet, Patent, ETC, International Road Dynamics, OTCQX, Solution, Micrometre

OTTAWA, ON, Oct. 21, 2022 /PRNewswire/ -Wi-LAN Inc. ("WiLAN"), a Quarterhill Inc. ("Quarterhill") company (TSX: QTRH) (OTCQX: QTRHF) today announced that its wholly owned subsidiaries, Innovative Memory Solutions Inc. ("IMS"), North Star Innovations Inc. ("NSI") and Cetus Technologies Inc. ("Cetus") have entered into a license and settlement agreement with Micron Technology, Inc. ("Micron").

Key Points: 
  • OTTAWA, ON, Oct. 21, 2022 /PRNewswire/ -Wi-LAN Inc. ("WiLAN"), a Quarterhill Inc. ("Quarterhill") company (TSX: QTRH) (OTCQX: QTRHF) today announced that its wholly owned subsidiaries, Innovative Memory Solutions Inc. ("IMS"), North Star Innovations Inc. ("NSI") and Cetus Technologies Inc. ("Cetus") have entered into a license and settlement agreement with Micron Technology, Inc. ("Micron").
  • Micron has obtained a license to patents owned by IMS, NSI and Cetus, which relate generally to semiconductor memory technologies.
  • The agreement also includes the settlement and dismissal of all pending patent litigation with Micron in the United States and China.
  • The license fees payable by Micron and all other terms of the license agreement are confidential.