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

Wi-LAN (OTCMKTS:QTRHF) issued its quarterly earnings results on Thursday. The company reported ($0.05) EPS for the quarter, Zacks reports. Wi-LAN had a negative return on equity of 51.46% and a negative net margin of 32.08%.

Wi-LAN Stock Performance

Shares of QTRHF stock traded down $0.08 during trading hours on Thursday, reaching $2.23. 5,950 shares of the company traded hands, compared to its average volume of 36,392. The firm has a 50-day moving average price of $1.68 and a 200 day moving average price of $1.21. The company has a market cap of $270.32 million, a P/E ratio of -5.18 and a beta of 1.13. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.94 and a quick ratio of 0.86. Wi-LAN has a 12-month low of $0.64 and a 12-month high of $2.36.

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.