Q: What is your opinion of QTRH? Is it a buy?
5i Research Answer:
QTRH is now down 16.5% over the last year. Since we last spoke about it, QTRH has been awarded two contracts valued at US$3.4M for system upgrades and maintenance at commercial vehicle enforcement stations operated by the Idaho State Police. While this news is positive, QTRH continues to have negative cash flows while earnings are also expected to be negative again next year. We do not think it is worth buying right now.