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.
On August 3, 2021, Wi-LAN Inc., a subsidiary of Quarterhill (TSX: QTRH, OTCQX: QTRHF), announced the acquisition of semiconductor process, packaging, and circuit technology patents from a prominent market leader. This acquisition aims to enhance their intellectual property portfolio in areas relevant to data centers, mobile, and personal devices. Additional details of the transaction remain confidential. This move follows an earlier acquisition of non-volatile memory patents in 2014, indicating a strategic focus on expanding their technology capabilities.
Quarterhill Inc. (TSX: QTRH, OTCQX: QTRHF) will release its financial results for Q2 2021 on August 5, 2021. The announcement covers the three- and six-month periods ending June 30, 2021. Paul Hill, President and CEO, alongside CFO John Rim, will lead a conference call and audio webcast at 10:00 a.m. EDT on the same day. Details for the live webcast and dial-in options have been provided, along with information on replay access. Quarterhill aims for growth in the Intelligent Transportation System (ITS) sector and is focused on capitalizing on attractive opportunities within the industry.
On July 6, 2021, Wi-LAN Inc., a subsidiary of Quarterhill (TSX: QTRH, OTCQX: QTRHF), announced a licensing agreement with Powerchip Semiconductor Manufacturing Corporation. This agreement involves patents owned by WiLAN’s subsidiaries, Cetus Technologies and North Star Innovations, which relate to semiconductor device manufacturing. The patents were acquired from Panasonic in January 2018 and Freescale Semiconductor in November 2015. The financial terms of the deal remain confidential, but it builds on previous licensing agreements, indicating growing traction in the semiconductor sector.
International Road Dynamics (IRD), a subsidiary of Quarterhill (TSX: QTRH, OTCQX: QTRHF), has been awarded a contract worth up to $1.8 million by the Nebraska State Patrol for upgrades to the Nebraska City weigh station preclearance system. This includes the installation of advanced e-screening technology, enhancing road safety and operational efficiency. The project follows similar upgrades in Waverly and North Platte and is expected to improve enforcement capabilities against unsafe commercial vehicle conditions, particularly through the Tire Anomaly and Classification System (TACS).
International Road Dynamics Inc. (IRD), a subsidiary of Quarterhill (TSX: QTRH, OTCQX: QTRHF), has launched an AI-powered CVSA decal reader system aimed at improving the efficiency of commercial vehicle inspections. This new technology enhances read rates for CVSA decals and allows for automatic pre-screening of vehicles at highway speeds, ensuring prioritized checks for those with expired decals. Developed in collaboration with the University of Saskatchewan, this system could significantly bolster road safety and streamline freight transportation across North America.
Wi-LAN Inc., a subsidiary of Quarterhill (TSX: QTRH, OTCQX: QTRHF), announced a new licensing agreement with a prominent provider of security video solutions. This agreement pertains to multiple security video technologies. The specific financial terms of the agreement remain confidential. Wi-LAN is recognized as a leading patent monetization firm and operates across various markets, including automotive and medical technologies.
Quarterhill Inc. announces that CEO Paul Hill and CFO John Rim will present at the Sidoti & Company Virtual Conference on June 24, 2021, at 9:15 a.m. EDT. Interested parties can register for the live presentation using the provided link. A replay will be available on Quarterhill's website for 90 days after the event. Quarterhill specializes in Intelligent Transportation Systems and Intellectual Property licensing, striving for growth and leadership in these sectors. The company's stock trades under the symbols QTRH on the TSX and QTRHF on the OTCQX.
Quarterhill Inc. (TSX: QTRH) (OTCQX: QTRHF) reported Q1 2021 financial results, showing consolidated revenue of $19.3 million, a decrease from $21.6 million in Q1 2020. Adjusted EBITDA was ($0.4) million, down from $0.2 million year-over-year. Despite the challenges of COVID-19, both IRD and WiLAN generated positive Adjusted EBITDA of $1.4 million and $1.2 million, respectively. The company held $132.0 million in cash and equivalents. Notably, the board declared a quarterly dividend of $0.0125 per common share. The company is actively pursuing M&A, having acquired Sensor Line and VDS GmbH.
Quarterhill has acquired VDS Verkehrstechnik GmbH, a German provider of Intelligent Transportation Systems, for approximately $2.8 million. This acquisition will enhance International Road Dynamics' (IRD) capabilities in traffic monitoring and enforcement, particularly with their radar-based devices that are compliant with new regulations in Germany. Expected synergies could generate about $5.0 million in revenue and $600,000 in Adjusted EBITDA annually. The integration with Sensor Line GmbH aims to leverage a 20-year partnership for further technology development.
Quarterhill Inc. (TSX: QTRH, OTCQX: QTRHF) will announce its financial results for Q1 2021 on May 6, 2021. The results will cover the three-month period ending March 31, 2021. A conference call featuring President and CEO Paul Hill and CFO John Rim will take place at 10:00 a.m. EST the same day. Interested parties can access the call via a live audio webcast and find accompanying presentation slides on the company's investor relations website.