Wi-LAN (OTCMKTS:QTRHF) Issues Quarterly Earnings Results

Key Points

• Wi-LAN reported a quarterly earnings loss of ($0.06) per share, missing the consensus estimate of ($0.03), despite generating revenues of $43.08 million, exceeding expectations.
• The company's stock fell by 6.0% to $0.86, marking a fifty-two week low, and has a market capitalization of $100.75 million.
• Raymond James Financial reiterated an "outperform" rating on Wi-LAN shares, indicating positive growth prospects despite recent earnings results.

Wi-LAN (OTCMKTS:QTRHF - Get Free Report) issued its quarterly earnings results on Wednesday. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.03), Zacks reports. The business had revenue of $43.08 million during the quarter, compared to analyst estimates of $40.68 million. Wi-LAN had a negative return on equity of 11.55% and a negative net margin of 9.96%.

Wi-LAN Stock Down 6.0%

OTCMKTS QTRHF traded down $0.06 during trading on Thursday, hitting $0.86. The company's stock had a trading volume of 15,100 shares, compared to its average volume of 3,503. Wi-LAN has a fifty-two week low of $0.86 and a fifty-two week high of $1.39. The company has a market cap of $100.75 million, a PE ratio of -6.16 and a beta of 0.86. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.30 and a quick ratio of 1.16. The business's 50 day simple moving average is $0.98 and its 200-day simple moving average is $1.03.

Wall Street Analysts Forecast Growth

Separately, Raymond James Financial reissued an "outperform" rating on shares of Wi-LAN in a report on Friday, May 16th.

About Wi-LAN

Quarterhill Inc, together with its subsidiaries, operates in intelligent transportation system business in Canada and internationally. The company offers riteSuite, which offers mobility solutions, such as all-electronic tolling, dynamic pricing, agency interoperability, hosted mobility solutions, and machine learning; back-office solutions, which offers account management, customer service, violation processing, and technical services operations; roadside solutions, which offers onsite and remote maintenance and field operations services, including tolling facility support, lane equipment control, and cash management services; and international road dynamics products and services, which offers automated truck weigh stations, toll road systems and equipment, red light and speed enforcement systems, and traffic management and safety systems.

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