Quarterhill Stock Price, News & Analysis

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.