2023-03-20 08:58:07 ET
- Quarterhill ( OTCQX:QTRHF ) announced that Bret Kidd will step down as President and CEO, effective immediately; current board chair, John Gillberry has been named Interim CEO.
- The company board has formed a CEO search committee to conduct a search for the next CEO.
- For FY22, the company sees consolidated revenue to be in a range of $303-307M compared to analysts consensus estimates of $233.29M; consolidated Adj. EBITDA expected to be in a range of $63-66M.
- Meanwhile, the strategic review of WiLAN is ongoing; it continues to entertain and explore options for the business and will update shareholders.
For further details see:
Quarterhill CEO steps down, FY22 prelim revenue seen above estimates