QTRHFOTCPatent Owners & LessorsFiscal year ends December 31
Quarterhill Inc.
Financials through fiscal 2018, year ended Dec 31, 2018Last filing: 40-F on Feb 28, 2019
$2.00+0.00 (0.00%)
Close on Oct 19, 2026
- Market cap
- –
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2009 to 2018
Gross margin
–
Operating margin
-75.5%
Net margin
-63.5%
Growth rates
Compound annual growth to fiscal 2018
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -42.5% | -9.0% | – | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2009 | FY2013 | FY2018 | Trend |
|---|---|---|---|---|
| Return on equity | – | -6.6% | -21.4% | |
| Return on assets | – | -5.4% | -18.2% | |
| Current ratio | – | 3.25 | 3.41 | |
| Debt to equity | – | 0.21 | 0.01 | |
| Net debt to EBITDA | – | -7.27× | 1.94× | |
| Interest coverage | – | – | – | |
| Capex to revenue | – | – | 0.7% | |
| Diluted shares | – | 121M | 119M |
Where the cash went
Fiscal 2014 to 2018, five years combined
Quarterhill generated $217.34M from operations and spent $59.70M on capital expenditure, dividends and share buybacks. 3% of that went back into the business.
Generated
$217.34M
Used
$59.70M
Capital expenditure$1.62M3%Dividends$52.50M88%Share buybacks$5.58M9%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-63.5%
×Asset turnover0.29×
×Equity multiplier1.18×
=Return on equity, FY2018-21.4%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2018 | -63.5% | 0.29× | 1.18× | -21.4% |
| FY2017 | 7.6% | 0.46× | 1.18× | 4.1% |
| FY2016 | 11.9% | 0.32× | 1.19× | 4.6% |
| FY2015 | 9.8% | 0.34× | 1.24× | 4.1% |
| FY2012 | -16.5% | 0.19× | 1.48× | -4.7% |
| FY2011 | 30.1% | 0.25× | 1.47× | 11.1% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2018 against fiscal 2017
3of 8 tests passed in fiscal 2018. Some tests lack the figures they need.
- ProfitableNet income above zero-$49.12M
- Cash generatingOperating cash flow above zero-$8.38M
- Return on assets improvedROA up on the prior year3.6% → -16.2%
- Earnings backed by cashOperating cash flow above net income-$8.38M vs -$49.12M
- Less leverageLong-term debt to assets fell0.1% → 0.1%
- Better liquidityCurrent ratio rose3.32 → 3.41
- No dilutionShare count did not rise119M → 119M
- Gross margin improvedGross margin up on the prior year63.40% → –
- More efficientAsset turnover rose0.48 → 0.26