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Quest Patent Research (QPRC)

We are an intellectual property asset management company. Our principal operations include the development, acquisition, licensing and enforcement of intellectual property rights that are either owned or controlled by us or one of our wholly-owned subsidiaries. We currently own, control or manage eleven intellectual property portfolios, which principally consist of patent rights. Our eleven intellectual property portfolios include the portfolios which we acquired from Intellectual Ventures Assets 16, LLC (“Intellectual Ventures”) and seven of its affiliates. As part of our intellectual property asset management activities and in the ordinary course of our business, it has been necessary for us or the intellectual property owner who we represent to initiate, and it is likely to continue to be necessary to initiate, patent infringement lawsuits and engage in patent infringement litigation. We anticipate that our primary source of revenue will come from the grant of licenses to use our intellectual property including licenses granted as part of the settlement of patent infringement lawsuits.

Company profile

Ticker
QPRC
Exchange
Website
CEO
Jon Charles Scahill
Employees
Location
Fiscal year end
Former names
PHASE OUT OF AMERICA INC, QUEST PRODUCTS CORP
SEC CIK

QPRC stock data

Calendar

16 May 22
12 Aug 22
31 Dec 22
Quarter (USD) Mar 22 Dec 21 Sep 21 Jun 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 254.67K 254.67K 254.67K 254.67K 254.67K 254.67K
Cash burn (monthly) 3.39K (no burn) 178.58K (no burn) 70.06K (no burn)
Cash used (since last report) 14.91K n/a 785.64K n/a 308.19K n/a
Cash remaining 239.77K n/a -530.97K n/a -53.52K n/a
Runway (months of cash) 70.8 n/a -3.0 n/a -0.8 n/a

Beta Read what these cash burn values mean

Financial report summary

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Content analysis

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. junior Avg
New words: Alto, ceased, Checkpoint, Cisco, complaint, cycle, Deepwell, Digital, DIP, DIPA, eighteen, fifteen, Google, inclusion, involve, judgement, lengthy, LSC, Micro, Microsoft, NY, Palo, repayment, resumed, Southern, successor, TLL, Trend, Tyche, unsuccessful, voluntarily, Western
Removed: accreted, achieve, Aid, April, Auto, Bank, care, case, Chase, constitute, convertible, Costco, Crystal, cumulative, cured, decrease, Division, Electric, enacted, entering, forgiven, fourth, group, harm, health, IKEA, imputed, intellection, Jeff, JPMorgan, Mitsubishi, mortgage, Nicolson, Nintendo, North, payroll, PPP, promissory, qualifying, rent, thirteen, thirty, Toler, Wholesale, Xiaomi
Proxies
No filings