Quarterhill Inc. (QTRHF) Q3 2024 Earnings Call Transcript Summary
Quarterhill Inc. (QTRHF) Q3 2024 Earnings Call Transcript Summary
Adjusted EBITDA for Q3 was negative $2.8 million, due to $4 million in reserves.The following is a summary of the Quarterhill Inc. (QTRHF) Q3 2024 Earnings Call Transcript:
以下是Quarterhill Inc.（QTRHF）2024年第三季度業績會交流摘要：
Financial Performance:
財務表現:
Q3 revenue was $38 million, a 12% increase year over year.
Adjusted EBITDA for Q3 was negative $2.8 million, due to $4 million in reserves.
第三季度營業收入爲3800萬美元，同比增長12%。
第三季度調整後的EBITDA爲負280萬美元，因爲有400萬美元的儲備。
Business Progress:
業務進展:
AI vehicle classification system reselected, highlighting tech advancements.
New contracts and backlog highlight growth and expansion opportunities.
AI車輛分類系統重新選擇，突顯技術進步。
新合同和積壓訂單凸顯增長和擴張機會。
Opportunity:
機會：
$475 million backlog expected to drive future revenue growth.
Shift towards software and logistics operations opens new markets.
47500萬美元的積壓訂單有望推動未來的營業收入增長。
轉向軟件和物流業務開闢了新的市場。
Risk:
風險：
Cost overruns caused reserve adjustments, impacting project execution.
Risks in pending bids and renegotiations under current contracts.
成本超支導致儲備調整，影響了項目執行。
在當前合同下待定的投標和重談面臨風險。
Financial Performance:
財務表現:
Quarterhill reported a Q3 revenue of $38 million, a 12% increase year over year.
Adjusted EBITDA for Q3 was negative $2.8 million, influenced by $4 million in reserves taken for two tolling projects.
The revenue was impacted by reserves, with an adjusted revenue (excluding reserves) of $41 million.
The company closed Q3 with a gross margin of 13%, compared to 23% the previous year, primarily due to the reserves taken.
Operating expenses for Q3 2024 were $11.3 million, compared to $9.9 million in Q3 2023.
Quarterhill報告了第三季度3800萬美元的營業收入，同比增長12%。
第三季度調整後的息稅折舊攤銷前利潤爲負280萬美元，受爲兩個過路項目提取的400萬美元儲備影響。
營業收入受到準備金的影響，調整後的營業收入（不包括準備金）爲4100萬美元。
公司第三季度結束時的毛利率爲13％，而上一年爲23％，主要由於預留金的影響。
2024年第三季度的營業費用爲1130萬美元，而2023年第三季度爲990萬美元。
Business Progress:
業務進展:
Quarterhill's tolling and enforcement units showed growth and new contract acquisitions.
The company's AI vehicle classification system was selected again, underlining advancements in their AI and machine learning capabilities.
Significant improvements were made in project delivery frameworks and the optimization of the bidding process was emphasized.
Focus on strategic divestitures, such as the sale of a stake in a Chinese joint venture, to strengthen the balance sheet.
Future strategies include further technological advancements, particularly through AI and logistics applications, and potential expansions into new markets such as Europe and the Middle East.
Quarterhill的收費和執法部門顯示增長，並獲得新的合同。
公司的人工智能車輛分類系統再次被選擇，突顯了他們在人工智能和機器學習能力方面的進步。
在項目交付框架方面取得了顯著進展，並強調了招標過程的優化。
專注於戰略性的剝離，例如出售在一家中資合資公司的股權，以加強資產負債表。
未來戰略包括進一步的技術進步，特別是通過人工智能和物流應用程序，並有望擴大到歐洲和中東等新市場。
Opportunities:
機會：
Prospects for future growth are supported by a substantial backlog of $475 million, likely to drive revenue in the coming years.
The anticipated shift towards more significant software and logistics operations opens up new market opportunities.
Expected positive cash flows and improved profitability metrics moving forward.
未來增長的前景得到了47500萬美元的大量訂單支持，可能推動未來幾年的營業收入。
預計向更重要的軟件和物流業務轉變爲新市場機遇。
預期未來將有正面現金流和改善的盈利能力指標。
Risks:
風險：
The adjustments in project reserves due to cost overruns highlight ongoing challenges in project execution and pricing, particularly under inflationary pressures.
There are risks associated with pending bid outcomes and the necessity of renegotiating existing contracts under better terms.
由於成本超支而進行的項目準備金調整凸顯了在通貨膨脹壓力下項目執行和定價中持續挑戰。
存在與未決買盤結果有關的風險，並需要在更有利的條件下重新談判現有合同。
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：如需更全面的詳情，請參閱投資人關係網站。本文僅供投資者參考，不作任何指引或建議。
譯文內容由第三人軟體翻譯。
