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Quarterhill Announces Preliminary Q3 2020 Consolidated Financial Results
Quarterhill Announces Preliminary Q3 2020 Consolidated Financial Results Canada...
About this update from Quarterhill Inc
[{"type":"text","content":"Quarterhill-Prelim-Q3\n \n \n \n Quarterhill Announces Preliminary Q3 2020 Consolidated Financial Results\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n KITCHENER, ON, Oct. 8, 2020\n \n \n \n \n \n Q3 2020 Consolidated Revenue expected to be in the range of\n \n $80\n \n to\n \n $87 Million\n \n \n \n Q3 2020 Consolidated Adjusted EBITDA expected to be in the range of\n \n $32\n \n to\n \n $36 Million\n \n \n \n Complete consolidated financial results for the three- and nine-month periods ended\n \n September 30, 2020\n \n to be released pre-market on\n \n November 5, 2020\n \n \n \n \n \n KITCHENER, ON\n \n ,\n \n Oct. 8, 2020\n \n /CNW/ - Quarterhill Inc. (\"Quarterhill\" or the \"Company\") (TSX: QTRH) (OTCQX: QTRHF), today announces an update on select preliminary consolidated financial results for the three-month period ended\n \n September 30, 2020\n \n (\"Q3 2020\"). All financial information in this press release is reported in Canadian dollars, unless otherwise indicated.\n \n \n Driven by strong results from Wi-LAN Inc. (\"WiLAN\"), the Company's patent licensing subsidiary, as well as from International Road Dynamics Inc. (\"IRD\"), its subsidiary in the Intelligent Transportation Systems (\"ITS\") industry, Quarterhill's consolidated revenue for Q3 2020 is expected to be in the range of\n \n $80\n \n to\n \n $87 million\n \n and consolidated Adjusted EBITDA is expected to be in the range of\n \n $32\n \n to\n \n $36 million\n \n .\n \n \n \"We are pleased to have both portfolio companies making a significant contribution to an exceptional quarter for the business,\" said\n \n Paul Hill\n \n , President and CEO of Quarterhill. \"Consistent with its track record, we again see the favourable and sizable impact that WiLAN can have on our overall revenue and cash flow. These periodic cash flow contributions are a valuable component in supporting our broader M&A strategy within the ITS industry and to support growth initiatives at WiLAN itself.\"\n \n \n Quarterhill will release its Q3 2020 financial results on\n \n Thursday...