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Quarterhill Inc.

09:59 AM EST - Quarterhill Inc. : Announced an update on select preliminary consolidated financial results for the three-month period ended September 30, 2020. Driven by strong results from Wi-LAN Inc, the Company's patent licensing subsidiary, as well as from International Road Dynamics Inc., its subsidiary in the Intelligent Transportation Systems industry, Quarterhill's consolidated revenue for Q3 2020 is expected to be in the range of $80 to $87 million and consolidated Adjusted EBITDA is expected to be in the range of $32 to $36 million. Quarterhill Inc. shares T.QTRH are trading up $0.20 at $2.04.