Quarterhill Reports Q3 Revenue Beat Amid GAAP EPS Miss
Quarterhill (QTRHF) reported third-quarter financial results characterized by a revenue beat and margin expansion, despite missing earnings expectations. The company achieved revenue of $43.2 million, representing an 8.8% increase year-over-year and exceeding analyst estimates by $0.44 million. While GAAP earnings per share (EPS) fell short of projections at -$0.13—a miss of $0.10—the company showed operational strength in its margins. Gross margin expanded to 29% from 26% in the prior year, and adjusted EBITDA saw significant growth, rising to $3.9 million compared to $1.4 million in the same period last year.
Tickers: $QTRHF
Topics: earnings miss EBITDA gross margin expansion revenue beat