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. reports developments tied to intelligent transportation system solutions for public transportation agencies. Its updates commonly cover Weigh-in-Motion and Virtual Weigh-in-Motion deployments, traffic monitoring systems, commercial vehicle screening, automated enforcement, tolling technologies, AI-enabled sensing, and data platforms used for roadway safety, freight mobility, infrastructure protection, and transportation planning.
Quarterhill news also includes contract awards and agency partnerships across North America, including work supported by its International Road Dynamics subsidiary, as well as product demonstrations and financial results. Recurring disclosures emphasize software and recurring-revenue expansion, safety and enforcement activity, backlog and project execution, and the company’s positioning as a technology provider in the ITS market.
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.
Quarterhill Inc. (TSX: QTRH, OTCQX: QTRHF) announces its virtual Annual Meeting of shareholders (AGM) on April 21, 2022, at 9:30 a.m. EDT, due to COVID-19 safety concerns. Shareholders can participate online and vote electronically. The company is adopting a Board Tenure Policy, limiting director tenure to 12 years, with Rusty Lewis and Pamela Steer standing for election alongside current directors. A notice package will be sent on March 17, 2022, containing details of the AGM and how to vote. Meeting materials are available on SEDAR and the Quarterhill website.
Quarterhill Inc. (TSX: QTRH, OTCQX: QTRHF) has declared a quarterly dividend of $0.0125 per common share, payable on April 8, 2022. Shareholders of record will be determined at the close of business on March 18, 2022. Quarterhill focuses on providing tolling and enforcement solutions in the Intelligent Transportation System (ITS) sector and aims for global leadership through organic growth and strategic acquisitions in ITS and related markets.
Quarterhill Inc. (OTCQX: QTRHF) has announced that its auditor, Ernst & Young LLP, has requested additional time to complete the audit of its financial statements for the year ended December 31, 2021, due to staffing issues. Consequently, the company will now release its financial results on March 22, 2022. A conference call will follow at 10:00 a.m. ET the same day. Quarterhill aims for growth in the Intelligent Transportation System sector through strategic acquisitions and development of its subsidiaries, including Wi-LAN Inc.
Quarterhill Inc. (TSX: QTRH; OTCQX: QTRHF) has announced the hiring of Stout as a financial advisor for its WiLAN strategic review process, initiated on December 15, 2021. Stout, a global investment bank with extensive experience in intellectual property transactions, will assist in evaluating strategic alternatives for WiLAN, including potential asset sales, acquisitions, and changes to corporate structure. This review aims to enhance WiLAN's operational model, but there are no guarantees of completing any transaction.