Quarterhill Stock Price, News & Analysis

Quarterhill (OTCQX: QTRHF) and the Washington State Department of Transportation launched a $2.3 million Truck Parking Information Management System (TPIMS) on October 14, 2025 to improve truck parking safety along Interstate 5.

The initial deployment covers I-5 from Vancouver, WA to the Canadian border, integrates WSDOT-selected technology and university-developed data, and delivers real-time parking availability via dynamic signage, mobile platforms, WSDOT traveler systems, and the Parker Truck app.

Quarterhill serves as full-service delivery partner under WSDOT's statewide contract, providing engineering, project management, field resources, subcontractor coordination, and expedited equipment procurement, with WSDOT planning future statewide expansions.

Quarterhill (OTCQX: QTRHF) announced a $2.7 million project with the Arkansas Department of Transportation and Arkansas Highway Police to modernize freight operations at two high-volume entry points: Lehi on I-40 Eastbound and Marion on I-55 Southbound.

The deployment installs AI-driven mainline sorter systems including Weigh-in-Motion (WIM), Tire Anomaly Classification System (TACS), License Plate Recognition (LPR), DOT credential checks with iROC, and integrated dynamic message boards to streamline inspections and improve safety without roadway expansion.

Quarterhill (OTCQX: QTRHF), a global intelligent transportation system solutions provider, has successfully concluded mediation negotiations with a key tolling customer. The agreement includes a one-time payment in Q3 2025 for historical cost recovery and establishes improved contract terms.

The new agreement features enhanced payment terms, revised performance standards, and a structure that increases annual revenue while reducing costs. Notable elements include a three-year operations and maintenance period with a termination-for-convenience provision and financial incentives for strong performance.

Quarterhill (OTCQX: QTRHF), a leading Intelligent Transportation System provider, reported Q2 2025 financial results with revenue of $43.1 million, up 4% year-over-year. The company posted a net loss of $6.8 million compared to a $3.0 million loss in Q2 2024.

Key developments include a restructuring plan targeting $12 million in annual savings starting Q3 2025, progress in renegotiating a challenging tolling contract, and strategic appointments including a new CFO and CTO. The company's backlog stands at $463 million, though it faces challenges with covenant compliance, requiring a credit agreement amendment providing flexibility until September 30, 2025.

While safety and enforcement units showed strong performance, the company's gross profit margin declined to 15% from 21% year-over-year, primarily due to cost overruns in tolling projects.

Quarterhill (OTCQX: QTRHF), a global intelligent transportation system solutions provider, has secured new international contracts for its weigh-in-motion (WIM) technology in multiple countries. The company has made its first entry into Djibouti through a World Bank-funded infrastructure project, implementing a comprehensive overweight enforcement solution that combines high-speed and slow-speed WIM technologies.

The Djibouti deployment includes two high-speed WIM lanes with bending plate sensors and six slow-speed verification lanes, featuring iSINC electronics, license plate readers, and centralized control systems. Additionally, Quarterhill has received repeat orders from Thailand and South Korea for their Single Load Cell and Bending Plate WIM systems, validating the technology's reliability in high-traffic environments.

Quarterhill (OTCQX: QTRHF) has scheduled its Q2 2025 financial results announcement for Wednesday, August 13, 2025. CEO Chuck Myers and CFO David Charron will host a conference call and audio webcast at 10:00 a.m. ET on the same day.

The company will provide multiple ways to access the earnings call, including a live audio webcast, traditional dial-in options from the U.S., Canada, and international locations, and a Rapidconnect feature for instant phone connection. A replay of the call will be available until August 20, 2025, through both webcast and telephone options.

Quarterhill (OTCQX: QTRHF) has announced a significant workforce reduction initiative affecting approximately 100 positions, representing 15% of its total headcount. The strategic restructuring aims to achieve annualized cost savings of US$12 million and accelerate the company's path toward sustainable positive Adjusted EBITDA and operating cash flow.

The reduction, split evenly between contract and full-time positions, primarily targets operational areas affecting cost of sales. The company expects to realize partial benefits in 2025, with full benefits materializing in 2026. CEO Chuck Myers emphasized that these changes are necessary to strengthen the company's financial foundation while maintaining high service standards for customers.

Quarterhill (OTCQX: QTRHF) announced the successful system acceptance of transitioning approximately 1 million TxTag user accounts from the Texas Department of Transportation (TxDOT) to the Harris County Toll Road Authority (HCTRA) back office system. The transition, which went live in December 2024, leverages Quarterhill's RiteHorizon™ solution.

The consolidation was driven by data showing 60% of TxDOT customers' transactions occurred on HCTRA-managed roads. The unified system enables improved operational efficiency and enhanced customer service for drivers in the Austin and Houston regions. HCTRA now processes transactions for six different agencies using Quarterhill's multi-tenant back office system, which provides sophisticated transaction tracking and revenue reporting capabilities.

Quarterhill Inc. (TSX: QTRH, OTCQX: QTRHF) has appointed David Charron as Chief Financial Officer, effective June 17, 2025. Charron brings over 15 years of public company CFO experience and will support Quarterhill's next growth phase. His most recent role was CFO at Maropost Inc., and he previously served as CFO at Tiny Ltd./WeCommerce Holdings Inc. and Terago Networks Inc. At Redknee Solutions, he successfully managed five acquisitions and secured $240 million in financings. Charron holds multiple professional designations including CPA and CMA, with an MBA and Bachelor of Engineering from McMaster University. He currently serves as Board Director and Audit Committee Chair for NowVertical Group. The appointment comes as Quarterhill concludes its 18-month turnaround efforts, with Morgan Demkey returning to his role as VP of Operations for the Safety & Enforcement unit.