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 (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 (QTRHF) has announced the successful completion and full system acceptance of two major toll road projects for the Central Texas Regional Mobility Authority (CTRMA). The projects include the US 290 toll road, a 6-mile corridor from US 183 to SH 130 in East Austin, and CTRMA 183A Phase III. The US 290 project has tripled the roadway's capacity and features integrated direct connectors at US 183 and SH 130. Both toll systems are fully automated with all-electronic tolling mechanisms, offering electronic tags and Pay By Mail options.
Quarterhill (QTRHF) held its Annual General and Special Meeting on May 12, 2025, where shareholders voted on key corporate matters. All proposed resolutions were successfully approved. Shareholders elected six directors to the Board with approval ratings ranging from 91.23% to 92.85%. Ernst & Young Canada LLP was appointed as the company's auditor with 94.12% approval. Additionally, shareholders approved an amendment to the company's 2018 Equity Incentive Plan with 72.21% support, despite notable opposition of 27.79% of votes.