Quarterhill Inc
TSX:QTRH
Income Statement
Earnings Waterfall
Quarterhill Inc
Revenue
|
194.4m
CAD
|
Cost of Revenue
|
-153.7m
CAD
|
Gross Profit
|
40.6m
CAD
|
Operating Expenses
|
-55.2m
CAD
|
Operating Income
|
-14.6m
CAD
|
Other Expenses
|
-51m
CAD
|
Net Income
|
-65.6m
CAD
|
Income Statement
Quarterhill Inc
Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
91
N/A
|
101
+11%
|
109
+8%
|
114
+5%
|
109
-5%
|
105
-3%
|
120
+14%
|
121
+1%
|
132
+8%
|
147
+12%
|
125
-15%
|
118
-5%
|
123
+4%
|
93
-25%
|
97
+5%
|
183
+89%
|
175
-4%
|
177
+1%
|
178
+1%
|
96
-46%
|
100
+5%
|
135
+35%
|
162
+20%
|
158
-2%
|
173
+9%
|
145
-16%
|
109
-25%
|
175
+61%
|
145
-17%
|
142
-2%
|
144
+1%
|
93
-36%
|
126
+36%
|
275
+119%
|
295
+7%
|
301
+2%
|
306
+2%
|
171
-44%
|
183
+7%
|
187
+2%
|
194
+4%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(45)
|
(50)
|
(54)
|
(58)
|
(59)
|
(61)
|
(63)
|
(67)
|
(73)
|
(68)
|
(60)
|
(47)
|
(40)
|
(39)
|
(43)
|
(59)
|
(64)
|
(68)
|
(77)
|
(73)
|
(76)
|
(87)
|
(95)
|
(95)
|
(96)
|
(84)
|
(68)
|
(91)
|
(86)
|
(84)
|
(87)
|
(66)
|
(88)
|
(151)
|
(170)
|
(179)
|
(188)
|
(138)
|
(142)
|
(147)
|
(154)
|
|
Gross Profit |
46
N/A
|
52
+12%
|
55
+7%
|
56
+2%
|
50
-12%
|
44
-11%
|
57
+30%
|
55
-4%
|
58
+6%
|
79
+36%
|
65
-18%
|
71
+9%
|
84
+18%
|
54
-35%
|
54
-1%
|
124
+130%
|
111
-10%
|
108
-2%
|
101
-7%
|
23
-77%
|
24
+6%
|
48
+98%
|
67
+40%
|
63
-6%
|
77
+22%
|
61
-21%
|
41
-33%
|
84
+106%
|
59
-30%
|
58
-1%
|
57
-2%
|
27
-53%
|
37
+39%
|
124
+230%
|
126
+2%
|
122
-3%
|
118
-4%
|
33
-72%
|
41
+24%
|
40
-2%
|
41
+2%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(16)
|
(17)
|
(16)
|
(16)
|
(14)
|
(14)
|
(14)
|
(13)
|
(13)
|
(27)
|
(40)
|
(48)
|
(58)
|
(51)
|
(50)
|
(59)
|
(64)
|
(72)
|
(77)
|
(76)
|
(75)
|
(70)
|
(65)
|
(59)
|
(56)
|
(54)
|
(52)
|
(50)
|
(50)
|
(50)
|
(50)
|
(54)
|
(59)
|
(68)
|
(74)
|
(75)
|
(86)
|
(70)
|
(65)
|
(63)
|
(55)
|
|
Selling, General & Administrative |
(13)
|
(13)
|
(13)
|
(12)
|
(11)
|
(11)
|
(10)
|
(9)
|
(9)
|
(10)
|
(11)
|
(11)
|
(12)
|
(12)
|
(14)
|
(20)
|
(26)
|
(31)
|
(35)
|
(36)
|
(35)
|
(32)
|
(30)
|
(27)
|
(27)
|
(27)
|
(26)
|
(26)
|
(27)
|
(28)
|
(28)
|
(31)
|
(33)
|
(40)
|
(47)
|
(49)
|
(54)
|
(47)
|
(42)
|
(39)
|
(35)
|
|
Research & Development |
(2)
|
(2)
|
(2)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(2)
|
(1)
|
(1)
|
0
|
0
|
(1)
|
(3)
|
(4)
|
(5)
|
(6)
|
(5)
|
(5)
|
(4)
|
(4)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(4)
|
(4)
|
(4)
|
|
Depreciation & Amortization |
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(14)
|
(27)
|
(36)
|
(46)
|
(39)
|
(35)
|
(36)
|
(34)
|
(35)
|
(36)
|
(35)
|
(35)
|
(33)
|
(31)
|
(29)
|
(26)
|
(24)
|
(23)
|
(22)
|
(21)
|
(21)
|
(20)
|
(21)
|
(23)
|
(26)
|
(25)
|
(23)
|
(30)
|
(19)
|
(19)
|
(19)
|
(16)
|
|
Operating Income |
29
N/A
|
35
+18%
|
39
+12%
|
41
+4%
|
35
-13%
|
30
-15%
|
43
+44%
|
42
-3%
|
46
+9%
|
52
+14%
|
25
-52%
|
23
-7%
|
25
+8%
|
3
-90%
|
4
+42%
|
65
+1 657%
|
47
-28%
|
36
-24%
|
25
-32%
|
(52)
N/A
|
(50)
+4%
|
(21)
+58%
|
3
N/A
|
4
+45%
|
21
+410%
|
7
-70%
|
(11)
N/A
|
33
N/A
|
9
-73%
|
8
-9%
|
7
-14%
|
(27)
N/A
|
(22)
+18%
|
55
N/A
|
51
-7%
|
47
-8%
|
32
-32%
|
(37)
N/A
|
(24)
+33%
|
(23)
+7%
|
(15)
+35%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(2)
|
(2)
|
0
|
(2)
|
(2)
|
(3)
|
(4)
|
(4)
|
(3)
|
1
|
1
|
1
|
1
|
1
|
2
|
0
|
(0)
|
(0)
|
(1)
|
0
|
1
|
1
|
1
|
1
|
1
|
1
|
2
|
1
|
0
|
(1)
|
(1)
|
(0)
|
(1)
|
(4)
|
(5)
|
(5)
|
(6)
|
(5)
|
(7)
|
(7)
|
(11)
|
|
Non-Reccuring Items |
(46)
|
(36)
|
(23)
|
(12)
|
(11)
|
(17)
|
(19)
|
(18)
|
(21)
|
(13)
|
(9)
|
(7)
|
0
|
0
|
(2)
|
(21)
|
(34)
|
(33)
|
(31)
|
(15)
|
(25)
|
(28)
|
(43)
|
(24)
|
(3)
|
(1)
|
13
|
(2)
|
(2)
|
(1)
|
(1)
|
(4)
|
(6)
|
(6)
|
(20)
|
(18)
|
(21)
|
(22)
|
(8)
|
(7)
|
(10)
|
|
Total Other Income |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
1
|
2
|
2
|
2
|
1
|
1
|
1
|
1
|
1
|
1
|
2
|
2
|
2
|
2
|
2
|
2
|
6
|
9
|
10
|
9
|
6
|
2
|
1
|
1
|
|
Pre-Tax Income |
(19)
N/A
|
(4)
+80%
|
16
N/A
|
27
+70%
|
23
-15%
|
10
-55%
|
20
+96%
|
20
0%
|
22
+8%
|
40
+83%
|
17
-58%
|
17
+3%
|
26
+52%
|
4
-85%
|
4
N/A
|
45
+1 074%
|
14
-70%
|
4
-74%
|
(6)
N/A
|
(65)
-985%
|
(73)
-12%
|
(47)
+36%
|
(39)
+18%
|
(19)
+52%
|
20
N/A
|
8
-61%
|
5
-42%
|
33
+624%
|
9
-72%
|
8
-13%
|
8
-6%
|
(29)
N/A
|
(27)
+8%
|
50
N/A
|
35
-30%
|
34
-4%
|
14
-59%
|
(57)
N/A
|
(38)
+35%
|
(35)
+6%
|
(34)
+4%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
0
|
(4)
|
(10)
|
(14)
|
(12)
|
(10)
|
(13)
|
(11)
|
(9)
|
(15)
|
(9)
|
(10)
|
(11)
|
(5)
|
4
|
(5)
|
(0)
|
3
|
(2)
|
12
|
9
|
(1)
|
(5)
|
(5)
|
(9)
|
(3)
|
2
|
(10)
|
(5)
|
(3)
|
(4)
|
6
|
5
|
(11)
|
(10)
|
(12)
|
(11)
|
(0)
|
(14)
|
(13)
|
(10)
|
|
Income from Continuing Operations |
(19)
|
(8)
|
6
|
13
|
11
|
0
|
8
|
9
|
13
|
25
|
8
|
8
|
15
|
(1)
|
8
|
40
|
13
|
7
|
(8)
|
(53)
|
(64)
|
(48)
|
(43)
|
(24)
|
11
|
5
|
6
|
23
|
4
|
5
|
4
|
(23)
|
(22)
|
39
|
25
|
22
|
3
|
(58)
|
(51)
|
(48)
|
(44)
|
|
Net Income (Common) |
(19)
N/A
|
(8)
+60%
|
6
N/A
|
13
+98%
|
11
-16%
|
0
-96%
|
8
+1 850%
|
9
+19%
|
13
+38%
|
25
+98%
|
8
-69%
|
8
-3%
|
15
+92%
|
(1)
N/A
|
8
N/A
|
40
+414%
|
13
-66%
|
7
-49%
|
(8)
N/A
|
(53)
-541%
|
(64)
-20%
|
(49)
+24%
|
(44)
+9%
|
(20)
+55%
|
13
N/A
|
8
-39%
|
23
+200%
|
35
+53%
|
19
-47%
|
20
+4%
|
4
-82%
|
(23)
N/A
|
(22)
+3%
|
39
N/A
|
21
-46%
|
13
-36%
|
3
-79%
|
(70)
N/A
|
(78)
-12%
|
(70)
+10%
|
(66)
+6%
|
|
EPS (Diluted) |
-0.15
N/A
|
-0.06
+60%
|
0.05
N/A
|
0.11
+120%
|
0.09
-18%
|
0
N/A
|
0.06
N/A
|
0.07
+17%
|
0.11
+57%
|
0.21
+91%
|
0.07
-67%
|
0.07
N/A
|
0.12
+71%
|
0
N/A
|
0.07
N/A
|
0.34
+386%
|
0.11
-68%
|
0.06
-45%
|
-0.07
N/A
|
-0.45
-543%
|
-0.54
-20%
|
-0.4
+26%
|
-0.36
+10%
|
-0.16
+56%
|
0.09
N/A
|
0.06
-33%
|
0.19
+217%
|
0.3
+58%
|
0.15
-50%
|
0.17
+13%
|
0.02
-88%
|
-0.21
N/A
|
-0.19
+10%
|
0.28
N/A
|
0.18
-36%
|
0.11
-39%
|
0.02
-82%
|
-0.6
N/A
|
-0.67
-12%
|
-0.61
+9%
|
-0.57
+7%
|