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Quarterhill Inc.

Financial Statements (IFRS) · Amounts in CAD
5 10 All
Income Statement
Balance Sheet
Cash Flow
Line Item Q3 2025Sep 30, 2025 Q2 2025Jun 30, 2025 Q1 2025Mar 31, 2025 Q4 2024Dec 31, 2024 Q3 2024Sep 30, 2024
Total Revenue 39.7M 43.1M 33.9M 38.9M 38.0M
Operating Revenue 39.7M 43.1M 33.9M 38.9M 38.0M
Cost Of Revenue 29.3M 36.7M 30.0M 31.1M 32.9M
Gross Profit 10.5M 6.3M 3.9M 7.8M 5.1M
Selling General And Administration 9.9M 9.7M 8.0M 6.9M 8.1M
Research And Development 510,000 500,000 281,000 306,000 275,000
Depreciation And Amortization In Income Statement 2.8M 2.6M 2.7M 3.1M 2.5M
Operating Expense 13.2M 12.8M 11.0M 10.3M 10.9M
Operating Income -2.8M -6.5M -7.1M -2.5M -5.8M
EBIT -2.2M -5.9M -6.8M 2.5M -2.6M
Interest Expense 1.5M 1.6M 1.5M 1.5M 1.6M
Interest Expense Non Operating 1.5M 1.6M 1.5M 1.5M 1.6M
Interest Income 58,000 65,000 55,000 127,000 43,000
Interest Income Non Operating 58,000 65,000 55,000 127,000 43,000
Net Interest Income -1.4M -1.5M -1.4M -1.3M -1.6M
Other Income Expense 468,000 521,000 234,000 4.9M 3.2M
Other Non Operating Income Expenses 98,000 89,000 263,000 421,000 3.9M
Special Income Charges -483,000 -83,000 -187,000 -215,000 -313,000
Restructuring And Mergern Acquisition 483,000 83,000 187,000 923,000 313,000
Gain On Sale Of Security 853,000 515,000 158,000 4.6M -346,000
Earnings From Equity Interest -- -- -- 104,000 -273,000
Pretax Income -3.7M -7.4M -8.3M 1.0M -4.2M
Tax Provision 985,000 -603,000 107,000 764,000 -98,000
Tax Effect Of Unusual Items 55,500 35,022 -4,350 654,600 -15,351
Net Income From Continuing And Discontinued Operation -4.7M -6.8M -8.4M 272,000 -4.1M
Net Income From Continuing Operation Net Minority Interest -4.7M -6.8M -8.4M 272,000 -4.1M
Net Income Including Noncontrolling Interests -4.7M -6.8M -8.4M 272,000 -4.1M
Net Income Common Stockholders -4.7M -6.8M -8.4M 272,000 -4.1M
Net Income -4.7M -6.8M -8.4M 272,000 -4.1M
EBITDA 569,000 -3.2M -4.1M 5.6M -15,000
Normalized EBITDA 199,000 -3.7M -4.1M 1.2M 644,000
Reconciled Depreciation 2.8M 2.6M 2.7M 3.1M 2.5M
Basic EPS -0.04 -0.06 -0.07 0.00 -0.04
Diluted EPS -0.04 -0.06 -0.07 0.00 -0.04
Basic Average Shares 116.9M 116.4M 115.9M 115.7M 115.4M
Diluted Average Shares 116.9M 116.4M 115.9M 115.7M 115.4M
Total Unusual Items 370,000 432,000 -29,000 4.4M -659,000
Total Unusual Items Excluding Goodwill 370,000 432,000 -29,000 4.4M -659,000
Tax Rate For Calcs 0.15 0.08 0.15 0.15 0.02
Normalized Income -5.0M -7.2M -8.3M -3.4M -3.5M
Amortization 2.1M 2.0M 2.0M 2.3M 1.8M
Amortization Of Intangibles Income Statement 2.1M 2.0M 2.0M 2.3M 1.8M
Depreciation Amortization Depletion Income Statement 2.8M 2.6M 2.7M 3.1M 2.5M
Depreciation Income Statement 742,000 582,000 704,000 763,000 757,000
Diluted NI Availto Com Stockholders -4.7M -6.8M -8.4M 272,000 -4.1M
Net Income Continuous Operations -4.7M -6.8M -8.4M 272,000 -4.1M
Net Income Discontinuous Operations -- -- -- 0.00 0.00
Net Non Operating Interest Income Expense -1.4M -1.5M -1.4M -1.3M -1.6M
Reconciled Cost Of Revenue 29.3M 36.7M 30.0M 31.1M 32.9M
Total Expenses 42.5M 49.5M 40.9M 41.4M 43.8M
Total Operating Income As Reported -3.3M -6.5M -7.3M -3.4M -6.1M
Line Item Q3 2025Sep 30, 2025 Q2 2025Jun 30, 2025 Q1 2025Mar 31, 2025 Q4 2024Dec 31, 2024 Q3 2024Sep 30, 2024
Cash And Cash Equivalents 24.1M 22.7M 26.1M 31.9M 23.1M
Cash Cash Equivalents And Short Term Investments 24.1M 22.7M 26.1M 31.9M 23.1M
Other Short Term Investments -- -- -- 0.00 0.00
Accounts Receivable 24.7M 20.1M 19.4M 20.7M 31.0M
Receivables 57.6M 63.2M 57.2M 55.4M 65.0M
Inventory 8.9M 10.1M 10.4M 10.1M 12.3M
Prepaid Assets 4.3M 4.5M 4.3M 4.6M 5.5M
Current Assets 94.9M 100.5M 98.1M 102.0M 105.9M
Gross PPE 8.1M 8.9M 8.8M 23.1M 9.5M
Accumulated Depreciation -- -- -- -14.1M --
Net PPE 8.1M 8.9M 8.8M 9.0M 9.5M
Goodwill 31.4M 31.5M 31.1M 31.0M 31.3M
Goodwill And Other Intangible Assets 107.1M 108.4M 108.6M 109.3M 111.1M
Other Intangible Assets 75.7M 77.0M 77.4M 78.4M 79.8M
Investments And Advances 3.9M 3.9M 3.9M 3.9M 7.5M
Long Term Equity Investment 3.9M 3.9M 3.9M 3.9M 7.5M
Total Non Current Assets 125.5M 127.4M 127.1M 128.1M 133.9M
Total Assets 220.4M 227.9M 225.2M 230.1M 239.9M
Current Debt 53.2M 56.5M 39.4M 39.0M 40.8M
Current Debt And Capital Lease Obligation 55.5M 58.8M 41.6M 41.0M 42.9M
Accounts Payable 30.2M 32.0M 27.1M 17.9M 30.3M
Payables 30.8M 32.1M 27.4M 18.2M 30.7M
Payables And Accrued Expenses 30.8M 32.1M 27.4M 18.9M 30.7M
Current Accrued Expenses -- -- -- 670,000 --
Current Deferred Revenue 9.2M 7.5M 6.7M 5.7M 6.1M
Other Current Liabilities 1,000 31,000 86,000 3.2M 812,000
Current Liabilities 95.5M 98.5M 75.7M 73.1M 80.6M
Long Term Debt -- -- 14.8M 15.3M 15.8M
Long Term Debt And Capital Lease Obligation 3.8M 4.3M 19.4M 20.1M 21.2M
Long Term Capital Lease Obligation 3.8M 4.3M 4.6M 4.8M 5.4M
Other Non Current Liabilities 512,000 512,000 512,000 512,000 --
Total Non Current Liabilities Net Minority Interest 9.3M 9.6M 25.4M 25.8M 25.4M
Total Liabilities Net Minority Interest 104.7M 108.1M 101.1M 99.0M 106.0M
Common Stock 316.0M 315.8M 315.1M 314.6M 314.5M
Capital Stock 316.0M 315.8M 315.1M 314.6M 314.5M
Additional Paid In Capital 128.7M 127.6M 127.7M 127.4M 127.0M
Retained Earnings -343.0M -338.3M -331.5M -323.1M -323.4M
Gains Losses Not Affecting Retained Earnings 14.0M 14.7M 12.7M 12.1M 15.7M
Other Equity Adjustments 14.0M 14.7M 12.7M 12.1M 15.7M
Common Stock Equity 115.7M 119.8M 124.1M 131.1M 133.9M
Stockholders Equity 115.7M 119.8M 124.1M 131.1M 133.9M
Total Equity Gross Minority Interest 115.7M 119.8M 124.1M 131.1M 133.9M
Total Capitalization 115.7M 119.8M 138.8M 146.4M 149.7M
Net Tangible Assets 8.5M 11.4M 15.5M 21.8M 22.8M
Tangible Book Value 8.5M 11.4M 15.5M 21.8M 22.8M
Working Capital -567,000 2.0M 22.4M 28.9M 25.3M
Invested Capital 168.9M 176.3M 178.2M 185.3M 190.5M
Total Debt 59.3M 63.1M 60.9M 61.1M 64.1M
Net Debt 29.1M 33.8M 28.1M 22.3M 33.5M
Share Issued 117.1M 116.9M 116.2M 115.8M 115.7M
Ordinary Shares Number 117.1M 116.9M 116.2M 115.8M 115.7M
Allowance For Doubtful Accounts Receivable -- -- -- -306,000 --
Buildings And Improvements -- -- -- 13.5M --
Capital Lease Obligations 6.0M 6.6M 6.7M 6.8M 7.5M
Current Capital Lease Obligation 2.2M 2.3M 2.1M 2.0M 2.1M
Current Deferred Liabilities 9.2M 7.5M 6.7M 5.7M 6.1M
Dividends Payable -- -- -- 0.00 --
Finished Goods -- -- -- 2.1M --
Gross Accounts Receivable -- -- -- 21.0M --
Income Tax Payable 580,000 73,000 265,000 334,000 387,000
Investments In Other Ventures Under Equity Method 3.9M 3.9M 3.9M 3.9M 2.9M
Investmentsin Joint Venturesat Cost -- -- -- 0.00 4.6M
Land And Improvements -- -- -- 0.00 --
Leases -- -- -- 323,000 --
Machinery Furniture Equipment -- -- -- 9.1M --
Non Current Accounts Receivable 5.1M 5.0M 4.9M 4.8M 4.7M
Non Current Deferred Assets 1.2M 1.1M 988,000 1.1M 1.1M
Non Current Deferred Liabilities 4.9M 4.8M 5.6M 5.3M 4.2M
Non Current Deferred Revenue 1.3M 1.5M 1.9M 1.6M 1.1M
Non Current Deferred Taxes Assets -- -- -- 0.00 0.00
Non Current Deferred Taxes Liabilities 2.4M 2.1M 2.6M 2.6M 2.0M
Non Current Prepaid Assets -- -- -- 0.00 0.00
Other Current Borrowings 53.2M 56.5M 39.4M 39.0M 40.8M
Other Properties 8.1M 8.9M 8.8M 173,000 9.5M
Other Receivables 32.9M 42.9M 37.7M 34.5M 33.9M
Pensionand Other Post Retirement Benefit Plans Current -- -- -- 4.4M --
Properties -- -- -- 0.00 --
Raw Materials -- -- -- 5.2M --
Restricted Cash -- -- -- 0.00 0.00
Taxes Receivable 3,000 257,000 206,000 231,000 103,000
Total Tax Payable 580,000 73,000 265,000 334,000 387,000
Work In Process -- -- -- 2.9M --
Line Item Q3 2025Sep 30, 2025 Q2 2025Jun 30, 2025 Q1 2025Mar 31, 2025 Q4 2024Dec 31, 2024 Q3 2024Sep 30, 2024
Operating Cash Flow 6.4M -4.6M -3.6M 6.5M -1.7M
Cash Flow From Continuing Operating Activities 6.4M -4.6M -3.6M 6.5M -1.7M
Depreciation And Amortization 2.8M 2.6M 2.7M 3.1M 2.5M
Depreciation Amortization Depletion 2.8M 2.6M 2.7M 3.1M 2.5M
Stock Based Compensation 1.3M 1.2M 944,000 592,000 724,000
Deferred Tax 251,000 -537,000 -2,000 714,000 -143,000
Deferred Income Tax 251,000 -537,000 -2,000 714,000 -143,000
Change In Working Capital 7.1M -881,000 853,000 7.9M 2.3M
Changes In Account Receivables -4.8M -844,000 1.3M 10.3M -1.8M
Change In Receivables 5.4M -6.1M -1.9M 9.6M 3.8M
Change In Inventory 1.2M 281,000 -262,000 2.2M -864,000
Change In Payables And Accrued Expense -1.3M 4.7M 1.4M -4.8M 1.6M
Change In Payable -1.3M 4.7M 1.4M -4.8M 1.6M
Change In Other Working Capital 1.5M 425,000 1.3M 27,000 -833,000
Other Non Cash Items 458,000 -2.7M 429,000 -1.7M -3.3M
Capital Expenditure -1.0M -1.5M -975,000 -1.4M -2.1M
Purchase Of PPE -161,000 -310,000 -59,000 -386,000 -459,000
Net PPE Purchase And Sale -161,000 -284,000 -59,000 -305,000 -452,000
Purchase Of Business 0.00 0.00 -- 0.00 0.00
Sale Of Business 0.00 0.00 319,000 4.4M 0.00
Investing Cash Flow -1.0M 1.7M -656,000 3.0M 1.8M
Cash Flow From Continuing Investing Activities -1.0M 1.7M -656,000 3.0M 1.8M
Repayment Of Debt -3.6M -668,000 -1.2M -1.2M -1.2M
Net Issuance Payments Of Debt -3.6M -668,000 -1.2M -1.2M -1.2M
Common Stock Dividend Paid -- -- -- 0.00 0.00
Financing Cash Flow -3.6M -668,000 -1.2M -1.2M -1.2M
Cash Flow From Continuing Financing Activities -3.6M -668,000 -1.2M -1.2M -1.2M
Effect Of Exchange Rate Changes -378,000 79,000 -317,000 351,000 141,000
Changes In Cash 1.8M -3.5M -5.5M 8.4M -1.0M
Beginning Cash Position 22.7M 26.1M 31.9M 23.1M 24.0M
End Cash Position 24.1M 22.7M 26.1M 31.9M 23.1M
Free Cash Flow 5.4M -6.1M -4.6M 5.1M -3.7M
Income Tax Paid Supplemental Data -- 261,000 -- -- 320,000
Interest Paid Supplemental Data 893,000 939,000 899,000 1.4M 379,000
Amortization Cash Flow 2.1M 2.0M 2.0M -- 1.8M
Amortization Of Intangibles 2.1M 2.0M 2.0M -- 1.8M
Capital Expenditure Reported -862,000 -1.2M -916,000 -1.0M -1.6M
Cash Dividends Paid -- -- -- 0.00 0.00
Cash From Discontinued Financing Activities -- -- -- 0.00 0.00
Cash From Discontinued Investing Activities -- -- -- 0.00 0.00
Cash From Discontinued Operating Activities -- -- -- 0.00 0.00
Change In Account Payable -1.8M 4.9M 1.5M -4.7M 2.0M
Change In Income Tax Payable 507,000 -192,000 -69,000 -53,000 -347,000
Change In Prepaid Assets 206,000 -208,000 297,000 926,000 -1.4M
Change In Tax Payable 507,000 -192,000 -69,000 -53,000 -347,000
Depreciation 742,000 582,000 704,000 9.2M 757,000
Dividends Received Cfi 0.00 3.2M -- 0.00 3.8M
Gain Loss On Investment Securities -4,000 -108,000 -427,000 -260,000 -493,000
Long Term Debt Payments -3.6M -668,000 -1.2M -1.2M -1.2M
Net Business Purchase And Sale 0.00 0.00 319,000 4.4M 0.00
Net Foreign Currency Exchange Gain Loss -824,000 2.7M 272,000 -3.3M 845,000
Net Income From Continuing Operations -4.7M -6.8M -8.4M 272,000 -4.1M
Net Long Term Debt Issuance -3.6M -668,000 -1.2M -1.2M -1.2M
Operating Gains Losses -828,000 2.6M -155,000 -4.3M 352,000
Proceeds From Stock Option Exercised -- -- -- 0.00 0.00
Sale Of PPE 0.00 26,000 -- 81,000 7,000
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