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. (TSX: QTRH, OTCQX: QTRHF) held its Annual and Special Meeting on April 21, 2022. Shareholders voted on key resolutions, resulting in the approval of the Board of Directors' nominees, the appointment of Ernst & Young LLP as auditors, and amendments to the 2018 Equity Incentive Plan. Notably, a shareholder proposal for director term limits was rejected, with 78.88% voting against it. The meeting reflects Quarterhill's ongoing commitment to governance and shareholder engagement.
International Road Dynamics (IRD), a subsidiary of Quarterhill (TSX: QTRH, OTCQX: QTRHF), has secured a four-year Quantity Purchase Agreement valued at over $10.8 million with the Indiana Department of Transportation (INDOT). This agreement, following a previous $5.5 million deal in March 2022, involves the installation and maintenance of traffic data collection systems. IRD will support INDOT's safety and infrastructure goals through this collaboration, ensuring the accuracy and reliability of vehicle weight data systems.
Quarterhill Inc. (QTRHF) announced a $21.5 million contract awarded to Electronic Transaction Consultants (ETC) for the development of the E-ZPass Interoperability Hub. This 10-year contract with the Triborough Bridge and Tunnel Authority will enhance transaction data exchange among E-ZPass member agencies and support future mobility initiatives. The hub aims to facilitate national toll interoperability and streamline interstate tolling processes, benefiting over 32 million accounts and managing $12.1 billion in toll revenues.
Quarterhill Inc. will hold its Annual and Special Meeting of shareholders virtually on April 21, 2022, at 9:30 a.m. EDT. Shareholders can vote online, by phone, or by mail until April 19, 2022. A Notice Package detailing the AGM agenda was mailed on March 17, 2022. The meeting will be accessible via audio webcast. Shareholders can submit questions in advance to enhance participation. Quarterhill employs 'notice and access' for delivering AGM materials online, aiming for efficiency. The company focuses on Intelligent Transportation Systems and Intellectual Property licensing.
Quarterhill Inc. (QTRH, QTRHF) estimates its Q1 2022 consolidated revenue to be between $165 million and $175 million, with an Adjusted EBITDA ranging from $77 million to $82 million. This positive outlook is driven by strong anticipated performance from its subsidiaries. The company plans to release its Q1 2022 financial results in early May 2022. All figures are presented in Canadian dollars, and the results are unaudited. Quarterhill aims for global leadership in the Intelligent Transportation System sector through organic and acquisition-driven growth.
Quarterhill Inc. (TSX: QTRH, OTCQX: QTRHF) announces a new multi-year wireless license agreement between its subsidiary WiLAN and Kyocera Corporation. This agreement builds on an existing relationship that began in December 2015, reinforcing the value of WiLAN's wireless patent portfolio according to WiLAN's President & CEO, Michael Vladescu. The specific terms of the agreement remain confidential. WiLAN specializes in patent monetization across various technology sectors, while Quarterhill focuses on Intelligent Transportation Systems and acquisition growth strategies.
Quarterhill's subsidiary, International Road Dynamics (IRD), has successfully delivered its 250th non-intrusive bicycle sensor system across various European countries including the Netherlands, Belgium, France, Italy, Portugal, and the UK. The TMA-3B3 sensors enable accurate counts of individual cyclists and integrate with cloud-based analytics to enhance urban mobility and safety. At Intertraffic Amsterdam 2022, IRD will introduce its self-contained 'Totem' bicycle counter, simplifying installation for municipalities and supporting eco-friendly transportation initiatives.
Quarterhill's subsidiary, WiLAN, has announced a new patent licensing agreement with Apple, settling all ongoing litigation across the U.S., Canada, and Germany. The specific terms of this agreement are confidential. WiLAN is recognized as a leading patent monetization company, focusing on various tech sectors, including automotive and wireless communication. Quarterhill aims for global leadership in Intelligent Transportation Systems (ITS) and actively pursues growth through acquisitions and organic expansion.
Quarterhill reported $125.7 million in consolidated revenue for the year ended December 31, 2021, down from $144.5 million in the previous year. Adjusted EBITDA for Fiscal 2021 was $5.0 million, significantly lower than $31.2 million in 2020. The company made key acquisitions in the Intelligent Transportation Systems (ITS) sector, enhancing its market position. Cash and equivalents stood at $72.6 million, reflecting acquisition investments. A quarterly dividend of $0.0125 per share was declared, payable April 8, 2022.
Quarterhill Inc. (TSX: QTRH, OTCQX: QTRHF) will release its financial results for the three- and twelve-month periods ended December 31, 2021, on March 21, 2022, a day earlier than initially planned. The company's President and CEO, Bret Kidd, and Interim CFO, Steve Thompson, will discuss the results during a conference call at 10:00 a.m. ET on the same day. Quarterhill is focused on becoming a leader in the Intelligent Transportation System (ITS) industry, leveraging its subsidiaries and pursuing strategic acquisitions.
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