Earnings Call Summary | QUARTERHILL INC(QTRHF.US) Q4 2023 Earnings Conference
Earnings Call Summary | QUARTERHILL INC(QTRHF.US) Q4 2023 Earnings Conference
The following is a summary of the Quarterhill Inc. (QTRHF) Q4 2023 Earnings Call Transcript:
以下是夸特希爾公司（QTRHF）2023年第四季度業績電話會議記錄的摘要：
Financial Performance:
財務業績：
Quarterhill Inc. reported an upsurge in Q4 revenue by 46% to $58.5 million and an annual increase of 22% to $194.3 million.
The company's adjusted EBITDA saw an improvement in Q4 to $3.2 million, and annually to $3.8 million.
Revenue backlog escalated to over $520 million by the end of the year, promising future revenue generation.
The company experienced a decline in the Gross margin percentage in Q4 and annually, attributed to tolling implementation expense overruns.
SG&A expenses were $9.2 million in Q4, more manageable than the $11.9 million in Q4 of 2022. SG&A as a percentage of revenue for Q4 also noted a significant improvement to 16%.
Quarterhill Inc. held cash and cash equivalents of $56.6 million as of December 2023.
Cash used in continuing operations in Q4 was reported as $1.6 million.
Quarterhill Inc.報告稱，第四季度收入增長了46％，達到5,850萬美元，年增長22％，達到1.943億美元。
該公司調整後的息稅折舊攤銷前利潤在第四季度增長至320萬美元，每年增長至380萬美元。
到年底，積壓的收入已增加到5.2億美元以上，這爲未來的收入創造了希望。
由於通行費實施費用超支，該公司在第四季度和每年的毛利率百分比均有所下降。
第四季度的銷售和收購支出爲920萬美元，比2022年第四季度的1190萬美元更易於管理。銷售和收購佔第四季度收入的百分比也顯著提高至16％。
截至2023年12月，Quarterhill Inc.持有的現金及現金等價物爲5,660萬美元。
據報道，第四季度用於持續經營的現金爲160萬美元。
Business Progress:
業務進展：
Major changes took place in the Quarterhill Inc. leadership team, with new appointments and sale of WiLAN, thus simplifying its business model.
Considerable progress was noted in terms of business integration as they aim to streamline under the 'Quarterhill' name, with ongoing efforts to identify and exit non-performing businesses.
Quarterhill Inc. expanded its enforcement business, closing businesses in two states in 2023 adhering to a $5.3 million contract in Tennessee.
The company's focus for 2024 centers around growing its Intelligent Transportation Systems (ITS), specifically their tolling and enforcement units.
Anchoring its future plans around tolling opportunities in Europe, and expanding software application capabilities via a focused R&D strategy. They aim for penetration into transportation ITS base verticals, principally logistics.
Company's acquisition of Red Fox is envisioned to generate approximately $1.4 million of adjusted EBITDA in 2024.
Lastly, Quarterhill Inc. indicates a transition to US dollar reporting with Q1 2024 results as it aligns with the majority of its revenue channels. This paired with a prospective listing on a senior U.S. exchange.
Quarterhill Inc.的領導團隊發生了重大變化，對WiLAN進行了新的任命和出售，從而簡化了其業務模式。
在業務整合方面取得了長足的進展，因爲他們的目標是以 “Quarterhill” 的名義進行精簡，並正在努力識別和退出不良業務。
Quarterhill Inc.根據田納西州簽訂的530萬美元合同，擴大了其執法業務，於2023年關閉了兩個州的業務。
該公司2024年的重點是發展其智能交通系統（ITS），特別是其收費和執法部門。
圍繞歐洲的收費機會制定其未來計劃，並通過有針對性的研發戰略擴大軟件應用能力。他們的目標是滲透到運輸ITS基礎垂直領域，主要是物流。
該公司對紅狐的收購預計將在2024年產生約140萬美元的調整後息稅折舊攤銷前利潤。
最後，Quarterhill Inc. 表示將過渡到以美元公佈2024年第一季度的業績，因爲它與其大多數收入渠道一致。與此同時，還可能在美國一家高級交易所上市。
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譯文內容由第三人軟體翻譯。