Wi-LAN (OTCMKTS:QTRHF) Announces Quarterly Earnings Results

Wi-LAN (OTCMKTS:QTRHF) issued its quarterly earnings results on Monday. The company reported ($0.29) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.27), Zacks reports. Wi-LAN had a negative return on equity of 45.40% and a negative net margin of 35.06%.The business had revenue of $38.46 million for the quarter, compared to analysts’ expectations of $39.65 million.

Wi-LAN Trading Up 2.2%

Shares of OTCMKTS:QTRHF traded up $0.02 during midday trading on Wednesday, reaching $0.79. The company’s stock had a trading volume of 456 shares, compared to its average volume of 35,329. The firm has a market cap of $94.01 million, a price-to-earnings ratio of -1.72 and a beta of 1.07. The business has a 50 day moving average price of $0.72 and a 200 day moving average price of $0.73. Wi-LAN has a 1 year low of $0.64 and a 1 year high of $1.18. The company has a quick ratio of 0.90, a current ratio of 0.99 and a debt-to-equity ratio of 0.03.

Wi-LAN Company Profile

Wi-LAN Inc, trading on the OTCMKTS as QTRHF, is a Canadian technology company specializing in licensing and monetizing intellectual property in the semiconductor and wireless communications sectors. Headquartered in Ottawa, Ontario, the company acquires, develops and licenses patents covering a range of technologies, with particular emphasis on standards-based innovations in cellular networking, Wi-Fi and Internet of Things (IoT) applications. Through patent sales and licensing agreements, Wi-LAN seeks to generate revenue from its extensive portfolio of proprietary technologies.

Originally founded in 1992, Wi-LAN has evolved its business model from technology development to intellectual property management and enforcement.