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Quarterhill Stock Features Among Top Smallcap Gainers

ca.investing.com/analysis/quarterhill-stock-features-among-top-smallcap-gainers-200196183
Quarterhill Stock Features Among Top Smallcap Gainers
By Sean Mason, SmallCapPower.com   |  Oct 04, 2017 09:59
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Investors reacted positively to a forecast from an Industrial Internet of Things (IIoT) stock Monday. Here’s some small stocks making big moves on Monday, October 2, 2017 (as of 4 pm EST):

Quarterhill Inc. (TO:QTRH), an Industrial Internet of Things stock, powered 22% higher to $2 on Monday after announcing that it expects consolidated revenue for Q3 2017 to be in the range of US$72.5 million to $82.5 million, with Adjusted EBITDA anticipated to be in the range of US$50.0 million to $56.0 million.

Our take: Quarterhill is a diversified investment holding company focused on growing its business by acquiring technology companies in the Industrial Internet of Things ("IIoT") segment across multiple verticals. On Monday, the company provided an update on expected financial results for the three-month period ended Sept. 30, 2017 ("Q3 2017"). Quarterhill's consolidated revenue for Q3 2017 is expected to be in the range of $72.5 million to $82.5 million, which is more than double as compared with revenues from the same period in the previous year. The mammoth growth in the revenue is driven by strong results from Wi-LAN Inc., the company's patent licensing subsidiary, and the inclusion of a full quarter of operations of its other subsidiaries, International Road Dynamics Inc. and VIZIYA Corp. Through this positive update, the company has created a buzz among the investors, with share price surging more than 22% after the update. Investors will be keenly waiting for the full quarter update scheduled on Nov. 9 at 6:30 a.m. ET.

Other smallcap companies that made big moves on Monday were Calian Group Ltd (TO:CGY), Qyou Media Inc (V:QYOU) and Sonoro Energy Ltd (V:SNV).

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Quarterhill Stock Features Among Top Smallcap Gainers
 

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Quarterhill Stock Features Among Top Smallcap Gainers

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Comments (1)
Rabih Elkass
Rabih Elkass Jan 18, 2018 22:31
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SNV is a good company. It is doing very well . They have good news very soon. I believe it is a strong buy.
 
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