Yahoo Finance Quarterhill Third Quarter 2022 Earnings: Misses Expectations
Quarterhill (TSE:QTRH) Third Quarter 2022 Results
Key Financial Results
Revenue: CA$42.4m (up 17% from 3Q 2021).
Net loss: CA$9.71m (loss widened by 385% from 3Q 2021).
CA$0.08 loss per share (further deteriorated from CA$0.018 loss in 3Q 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Quarterhill Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 26%. Earnings per share (EPS) also missed analyst estimates by 103%.
Looking ahead, revenue is expected to decline by 18% p.a. on average during the next 2 years, while revenues in the Communications industry in Canada are expected to grow by 4.9%.
Performance of the Canadian Communications industry.
The company's shares are down 4.3% from a week ago.
Risk Analysis
We should say that we've discovered 3 warning signs for Quarterhill (1 shouldn't be ignored!) that you should be aware of before investing here.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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