Welcome to our dedicated page for Quarterhill news (Ticker: QTRHF), a resource for investors and traders seeking the latest updates and insights on Quarterhill stock.
Quarterhill Inc. (QTRHF) is frequently in the news as a global participant in the Intelligent Transportation System (ITS) industry and a leading provider of tolling and enforcement solutions. Its announcements highlight how the company works with transportation agencies, governments, and highway authorities to advance smart infrastructure, roadway safety, and sustainable mobility.
On this news page, readers can follow updates on tolling projects, enforcement and safety initiatives, and freight-focused deployments. Recent releases have covered next generation lane-based tolling systems on major express lane corridors, international weigh-in-motion contracts with national road authorities, and AI-enabled inspection systems on some of the busiest trucking routes in the United States. These stories illustrate how Quarterhill’s technologies are applied in real-world highway and freight environments.
Investors and observers can also track financial results, including discussions of gross margin trends, Adjusted EBITDA, revenue backlog, and the company’s operational transformation. Quarterhill’s communications describe a multi-year plan focused on profitability and margin improvement across its tolling and safety and enforcement business units, as well as contract renegotiations and mediation outcomes with key customers.
In addition, the company issues news about capital markets activity and investor outreach, such as participation in technology and growth conferences where management discusses strategy, contract wins, and its global ITS footprint. Board appointments and governance updates are also disclosed through news releases.
For anyone following QTRHF, this page offers a centralized view of Quarterhill’s contract awards, project milestones, financial disclosures, and corporate developments related to its role in the ITS and smart transportation sectors.
Quarterhill Inc. has secured two contracts worth $3.3 million for advanced electronic screening systems in South Dakota and Nebraska. The South Dakota Department of Transportation will implement a fifth E-Screening system, enhancing vehicle safety by detecting issues like underinflated tires. Nebraska will upgrade two existing systems with E-Screening and tire safety features to improve its commercial vehicle safety program. These expansions demonstrate IRD's growing influence in the commercial vehicle enforcement sector, aiming to increase efficiency and road safety.
Quarterhill Inc. (TSX: QTRH, OTCQX: QTRHF) will release its financial results for the three- and nine-month periods ended September 30, 2022, on November 10, 2022. The results will be discussed in a conference call at 10:00 a.m. ET. This disclosure is part of Quarterhill's ongoing commitment to transparency as it aims for global leadership in the Intelligent Transportation System (ITS) sector through organic growth and strategic acquisitions.
On October 21, 2022, Wi-LAN Inc., a subsidiary of Quarterhill (TSX: QTRH, OTCQX: QTRHF), announced a licensing and settlement agreement with Micron Technology. This deal covers patents related to semiconductor memory technologies, resolving ongoing patent litigation in the United States and China. The financial terms and license fees associated with this agreement remain confidential. Wi-LAN specializes in patent monetization across various sectors, enhancing its position within the semiconductor industry.
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Quarterhill Inc. (TSX: QTRH; OTCQX: QTRHF) announced that its subsidiary, Electronic Transaction Consultants (ETC), has received an "intent to award" from the Alameda County Transportation Commission for a ten-year contract. This contract involves the implementation of a next-generation electronic toll system for express lanes, with options for four additional years. The project aims to enhance mobility and reduce congestion. CEO Kevin Holbert highlighted ETC's commitment to delivering advanced technology and superior customer service.
Quarterhill reported Q2 2022 financial results with consolidated revenue of $43.9 million, significantly up from $18.9 million in Q2 2021. Adjusted EBITDA was (9.0 million), impacted by project delays and inflationary pressures. Cash reserves grew to $122.9 million and working capital was $138.1 million. The ITS segment backlog reached a record US$573.0 million. Despite challenges, the company anticipates improved revenue and margin performance moving forward. A quarterly dividend of $0.0125 per share was declared, payable on October 7, 2022.
Quarterhill Inc. (TSX: QTRH; OTCQX: QTRHF) reported Q2 2022 financial results with consolidated revenue of $43.9 million, a significant increase from $18.9 million a year earlier. However, Adjusted EBITDA was (9.0 million) due to project implementation delays and increased operating expenses, which included a $14.6 million litigation charge. The company’s cash reserves rose to $122.9 million, and it appointed new key executives. A quarterly dividend of $0.0125 per share was declared, payable October 7, 2022.
Quarterhill Inc. (TSX: QTRH, OTCQX: QTRHF) will release its financial results for the second quarter of fiscal 2022 on August 11, 2022. This announcement covers the three- and six-month periods ending June 30, 2022. Following the results, a conference call will be held at 10:00 a.m. ET with President and CEO Bret Kidd and CFO John Karnes.
Investors can access the live audio webcast and replay through the provided links. This update reflects Quarterhill’s commitment to transparency and investor engagement in the Intelligent Transportation Systems industry.
International Road Dynamics Inc. (IRD), a subsidiary of Quarterhill Inc. (TSX: QTRH, OTCQX: QTRHF), has been awarded a $13.8 million contract by the New York State Department of Transportation (NYSDOT) for a two-year period. The contract covers the installation and maintenance of permanent traffic data collection systems at 68 sites across New York State. IRD will utilize its iTHEIA AI-powered, non-intrusive data collection technology, enhancing safety and cost-effectiveness while ensuring a minimum uptime of 95%.
Quarterhill's subsidiary, Wi-LAN, has secured a license agreement for its wireless technology patents with a second major automotive manufacturer. This agreement underscores the strength of WiLAN's portfolio, particularly in LTE and 5G technologies relevant to modern vehicles. Financial specifics of the agreement are confidential. WiLAN is recognized as a leader in patent monetization across various sectors, including automotive and wireless communications.