Quarterhill Reports Q1 Revenue Growth and Improved Margins
Quarterhill reported a 14% year-over-year revenue increase to $38.6 million for its first quarter, alongside an improved gross margin of 28%, up from 12%. The company also achieved positive Adjusted EBITDA of $2 million in the third consecutive quarter and announced a new $60 million credit facility.
Topics: debt_refinancing ebitda_positive gross_margin_improvement revenue_growth