OTTAWA, Ontario (AP) _ Quarterhill Inc. (QTRH) on Thursday reported first-quarter net income of $29,000, after reporting a loss in the same period a year earlier.
The Ottawa, Ontario-based company said it had net income of less than 1 cent on a per-share basis.
The patent holding company posted revenue of $39.8 million in the period.
The company's shares closed at $1.08. A year ago, they were trading at $1.55.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on QTRH at https://www.zacks.com/ap/QTRH