Quarterhill’s Q2 Highlights Include Multiple Patent Acquisitions Under Its “Partner Model”
Publicly traded NPE Quarterhill Inc. released its Q2 earnings on August 9, reporting revenue of $20.4M, with over $73M cash on hand as of June 30, 2018. While licensing revenue fell to $3.97M (from $12M during the same period last year), the company inked at least one license with an operating company during the quarter, also picking up patents from MagnaChip and Panasonic. While Quarterhill did not file any new litigation in the US during Q2, its CEO told investors in an earnings call that his company’s “level of litigation activity remains constant”, with new and ongoing suits against Kingston, LG Electronics, Sharp, Sony, VIZIO, and others, “just to name a few”.
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