Quarterhill Inc. income statement QTRHF

Annual Quarterly

In fiscal 2018, which ended Dec 31, 2018, Quarterhill Inc. reported revenue of $77.4 million, down 42.5% from the year before. It recorded a net loss of $49.1 million. The operating loss came to $58.5 million, an operating margin of -75.5%. Diluted earnings per share were -$0.41. Across the 5 fiscal years shown, revenue shrank from $105.8 million in fiscal 2011 to $77.4 million in fiscal 2018, about 7.5% a year.

USD in millions, except per-share amounts and margins. The percent under a figure is the change from the year before.

FY 2018
Dec 31, 2018
FY 2017
Dec 31, 2017
FY 2016
Dec 31, 2016
FY 2015
Dec 31, 2015
FY 2014
Dec 31, 2014
FY 2013
Dec 31, 2013
FY 2012
Dec 31, 2012
FY 2011
Dec 31, 2011
Revenue
77
-42.5%
135
+45.0%
93
—
—
—
88
-16.9%
106
Cost of revenue
—
49
+65.1%
30
-57.6%
70
+11.4%
63
-28.7%
89
+58.5%
56
-22.8%
72
Gross profit
—
85
+35.5%
63
—
—
—
32
-4.0%
33
Research and development
4
+9.7%
3
+34.0%
—
2
+0.6%
2
-15.5%
3
-85.9%
20
—
Selling, general and administrative
27
+35.2%
20
+112.8%
9
+25.8%
7
-29.4%
11
-19.1%
13
—
—
Restructuring and impairment
6
—
—
1
—
—
0
-42.4%
—
Operating income
-58
-671.6%
10
-46.1%
19
+14.8%
17
-17.7%
20
+206.3%
-19
-222.1%
15
+1220.1%
1
Other non-operating income (expense)
1
+190.8%
0
—
—
—
—
—
—
Equity in earnings of affiliates
1
+141.5%
0
—
—
—
—
—
—
Pretax income
-56
-638.6%
10
-46.6%
20
+15.7%
17
-17.8%
21
+213.5%
-18
-16.3%
-16
-166.9%
23
Income tax
-7
-3078.3%
0
-97.2%
9
+23.8%
7
-36.6%
11
+13913.9%
-0
+92.8%
-1
+86.9%
-8
Net income
-49
-580.3%
10
-7.5%
11
+10.1%
10
+3.3%
10
+153.7%
-18
-24.6%
-15
-145.7%
32
Basic EPS
-0.41
-555.6%
0.09
+0.0%
0.09
+12.5%
0.08
+0.0%
0.08
+153.3%
-0.15
-25.0%
-0.12
-146.2%
0.26
Diluted EPS
-0.41
-555.6%
0.09
+0.0%
0.09
+12.5%
0.08
+0.0%
0.08
+153.3%
-0.15
-25.0%
-0.12
-148.0%
0.25
Weighted average shares, basic
119
+0.1%
119
-0.5%
119
-1.2%
121
+0.5%
120
-0.6%
121
-0.5%
121
-1.1%
123
Weighted average shares, diluted
119
+0.1%
119
-0.5%
119
-1.2%
121
+0.3%
120
-0.4%
121
-0.5%
121
-2.8%
125
Other measures
Depreciation and amortization
27
+4.5%
26
-25.0%
35
-9.2%
38
+8.6%
35
+18.4%
30
+15.5%
26
+12.8%
23
EBITDA
-31
-186.5%
36
-32.5%
54
-2.0%
55
-1.0%
55
+412.2%
11
-73.8%
41
+71.9%
24
Interest coverage
—
—
—
—
—
-15.16x
—
0.28x
Margins
Gross margin
—
63.40%
67.84%
—
—
—
36.41%
31.51%
Operating margin
-75.52%
7.59%
20.43%
—
—
—
17.60%
1.11%
Pretax margin
-72.85%
7.77%
21.13%
—
—
—
-17.76%
22.07%
Profit margin
-63.46%
7.59%
11.90%
—
—
—
-16.51%
30.05%
EBITDA margin
-40.44%
26.88%
57.74%
—
—
—
46.81%
22.64%
Effective tax rate
—
2.33%
43.68%
40.82%
52.91%
—
—
-36.14%
How these figures are calculated

Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except per-share amounts and margins. Weighted average shares are in millions. Interest expense and finance costs are positive costs. A negative amount on a gain (loss) or income (expense) line is a loss or an expense. EBITDA is operating income plus depreciation and amortization. Interest coverage is operating income divided by interest expense. More on our methodology.

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Company profile

Industry
Patent Owners & Lessors (SIC 6794)
Listed as
QTRHF (OTC)
Fiscal year ends
December 31
Incorporated in
Ontario, Canada
Headquarters
Toronto
SEC CIK
1518419
Former names
Wi-LAN Inc. (until May 5, 2017)

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Source: SEC EDGAR filings. This is company-reported data, not investment advice.