Quarterhill Full Year 2023 Earnings: Revenues Beat Expectations, EPS Lags

Quarterhill (TSE:QTRH) Full Year 2023 Results

Key Financial Results

• Revenue: CA$194.3m (down 36% from FY 2022).

• Net loss: CA$43.8m (down from CA$2.77m profit in FY 2022).

• CA$0.38 loss per share (down from CA$0.024 profit in FY 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Quarterhill Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 5.4%. Earnings per share (EPS) missed analyst estimates by 46%.

Looking ahead, revenue is forecast to grow 7.0% p.a. on average during the next 2 years, compared to a 9.5% growth forecast for the Communications industry in Canada.

Performance of the Canadian Communications industry.

The company's shares are up 6.6% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We've done some analysis and you can see our take on Quarterhill's balance sheet.

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