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.
Company Overview
Quarterhill Inc. (Symbol: QTRHF) operates at the intersection of technology and transportation, offering a broad array of tolling and enforcement solutions within the Intelligent Transportation System (ITS) industry. The company’s core business spans the acquisition and management of technology companies, deepening its portfolio with cutting‐edge patents and state-of-the-art integrated systems spanning various high-growth sectors. By leveraging its dual focus on technology licensing and system integration, Quarterhill provides advanced solutions designed for global transportation infrastructure, addressing challenges from traffic management to road safety and commercial vehicle oversight.
Technological Innovation & Product Offerings
At the heart of Quarterhill’s strategy is its commitment to technological innovation. The company’s technology licensing segment includes a wide range of patents covering areas such as semiconductor manufacturing, enhanced image processing, and advanced LED lighting, as well as systems applicable to automotive and industrial applications. The integration of these technologies into real-world applications is evident in its tolling and enforcement units, which incorporate sophisticated weigh-in-motion (WIM) systems, electronic screening, and data analytics software. These solutions are often enhanced through the incorporation of emerging technologies like artificial intelligence (AI) and machine learning, which streamline operations and optimize traffic flow.
Integrated Systems & Global Reach
Quarterhill’s intelligent systems segment provides end-to-end solutions for transportation authorities and commercial entities worldwide. Key services include automated truck weigh stations, toll road equipment, and comprehensive traffic management systems. The company’s international footprint is marked by significant contracts across multiple regions, ensuring that its systems are effectively tailored to the unique requirements of each market. Strategic partnerships and distribution channels in regions such as Asia, Europe, and North America underscore its role as a trusted player in the global transportation technology landscape.
Operational Excellence & Strategic Growth
Quarterhill has built its reputation on a solid foundation of operational efficiency and strategic acquisitions. This acquisition-oriented investment strategy allows the company to stay ahead of technological trends while optimizing its existing product lines. By focusing not only on the development of new technology but also on the integration of legacy systems through unified branding and consolidated websites, Quarterhill ensures that all aspects of its business operate cohesively. The company’s approach to streamlining operations—through rigorous project management, cost-control measures, and targeted workforce adjustments—demonstrates its commitment to sustainable growth and enhanced market competitiveness.
Market Position & Industry Expertise
Operating in a highly competitive and rapidly evolving industry, Quarterhill distinguishes itself by marrying a robust portfolio of licensed technologies with highly integrated intelligent systems. The company’s solutions are tailored to meet the multifaceted demands of modern transportation systems, from dynamic toll pricing and enforcement to the critical maintenance of complex electronic screening systems. This dual approach not only mitigates operational risks but also streamlines the decision-making processes for transportation agencies, thereby reinforcing its role in enhancing road safety and regulatory compliance.
Commitment to Technological Advancement
In addition to its current offerings, Quarterhill’s investment in R&D and strategic technology partnerships—particularly in the arena of AI and machine learning—positions it to continuously refine its product suite. This ongoing commitment to innovation ensures that its tolling systems, enforcement technologies, and data-analytic platforms remain at the forefront of technological evolution. The company’s Technical Advisory Committee, comprising experts from diverse technology backgrounds, further solidifies its role as a knowledge leader capable of navigating complex technical challenges in the transportation sector.
Comprehensive Service & Customer Focus
Every solution provided by Quarterhill is backed by robust service and maintenance contracts that guarantee operational uptime and system reliability. Through semi-annual maintenance visits, comprehensive training sessions for operators, and dedicated technical support, Quarterhill ensures that its clients—from municipal transportation departments to nationwide enforcement agencies—receive the full benefit of state-of-the-art technology combined with reliable operational expertise.
Conclusion
In summary, Quarterhill Inc. is a multifaceted technology company driven by a clear focus on enhancing transportation infrastructure through innovative tolling and enforcement solutions. The company’s extensive portfolio, deep technological expertise, and commitment to operational excellence position it as a nuanced player in the ITS industry, delivering ever-evolving solutions that cater to the worldwide needs of modern transportation systems.
Quarterhill Inc. (TSX: QTRH) (OTCQX: QTRHF), a leading provider of tolling and enforcement solutions, will be a platinum sponsor and exhibitor at the IBTTA Technology Summit from March 22-25, 2025, in Dallas, Texas.
The company will showcase several innovative technologies including:
- Digital Video Audit System (DVAS) featuring AI-powered real-time data classification
- iTHEIA AI Vehicle Counting and Classification system
- Quantum Automatic Vehicle Detection and Classification (AVDC) system with LiDAR technology
Rick Strobridge, Chief Revenue Officer, will present a Tech Talk on March 24 titled 'It is Brain Surgery: How Innovations in Healthcare Can Benefit Transportation.' The company will demonstrate its electronic tolling expertise, cloud services for transaction processing, roadside monitoring, and analytics at booth #607.
Quarterhill Inc. (QTRHF) reported its Q4 and fiscal 2024 financial results, showing mixed performance in its turnaround efforts. Q4 2024 revenue was $38.9 million, down from $43.0 million in Q4 2023, while fiscal 2024 revenue increased to $153.3 million from $144.0 million year-over-year.
The company's Adjusted EBITDA declined to $1.2 million in Q4 2024 and $0.2 million for fiscal 2024, compared to $2.3 million and $2.9 million in the respective previous periods. Revenue backlog stood at $495 million as of December 31, 2024.
Notable developments include the $40 million Alameda CTC I-580 Express Lanes renewal contract announced in January 2025, with potential expansion worth $15 million, the acquisition of Red Fox for $4.9 million, and the sale of its 50% stake in a Chinese joint venture for $4.4 million.
Quarterhill Inc. (TSX: QTRH) (OTCQX: QTRHF) has scheduled the release of its financial results for Q4 and full-year 2024 on Monday, March 17, 2025. The company will host a conference call and audio webcast at 10:00 a.m. ET on the same day, led by CEO Chuck Myers and Interim CFO Morgan Demkey.
The earnings call will be accessible via live audio webcast, with replay available afterwards. Participants can join through traditional dial-in numbers from the U.S. and Canada (1.888.699.1199) or international locations (1.416.945.7677). A telephone replay will be available from March 17 to March 24, 2025.
Quarterhill (TSX: QTRH) (OTCQX: QTRHF), a provider of tolling and enforcement solutions in the Intelligent Transportation System industry, has appointed Robin Saunders to its Board of Directors. Saunders, co-founder and Managing Partner of Clearbrook Capital Partners LLP, brings over three decades of experience and has led transactions exceeding US$30 billion across 15 countries.
Saunders' background includes executive positions at major financial institutions like Citigroup, Chase, Deutsche Bank, and WestLB, with expertise in securitization and principal finance. She currently serves as a Visiting Fellow at the Saïd Business School, University of Oxford, and actively invests in global asset managers and technology-driven startups.
Quarterhill (TSX: QTRH) (OTCQX: QTRHF) has secured a contract to provide weigh-in-motion (WIM) technology to Brussels Mobility in collaboration with Belgium-based Jacops NV. The project involves implementing a high-speed WIM system on the E19 highway in the Brussels-Capital Region to pre-screen overloaded vehicles.
The system will monitor four lanes of one-way traffic, recording vehicle classification and tax data without impeding traffic flow. Key features include Quarterhill's iSINC WIM controller, automated number plate recognition, and overview cameras for vehicle identification. The technology aims to improve road safety, reduce infrastructure damage, and ensure fair competition among transport companies.
The contract includes system design, technical support, training, and a 2-year warranty period with remote diagnostics. The WIM sensors will comply with Nmi International WIM standards, offering high durability and IP68 water resistance.
Quarterhill Inc. (TSX: QTRH) (OTCQX: QTRHF), a leading provider of tolling and enforcement solutions in the Intelligent Transportation System industry, announced that CFO Kyle Chriest will depart at the end of January 2025 to pursue another opportunity. Morgan Demkey, current VP Operations, has been appointed Interim CFO while an executive search is conducted.
CEO Chuck Myers highlighted the company's substantial progress in 2024, including business integration, non-core asset divestment, cost structure streamlining, and technical capability enhancement. The company maintains its strategic direction and financial outlook as previously discussed in the Q3 earnings call, with Q4 2024 results expected in mid-March 2025.
The CFO departure is not related to any disagreements regarding operating performance, financial results, or accounting practices. The company expects to leverage its recent achievements for top-line growth and margin expansion in 2025 and beyond.
Quarterhill (TSX: QTRH) (OTCQX: QTRHF) has secured a $40 million contract to upgrade the Alameda County Transportation Commission (Alameda CTC) I-580 Express Lanes. The project spans 17 months and includes 7 years of operations and maintenance, with an option for 4 additional years at $15 million.
The upgrade will consolidate the I-580 Express Lanes onto the same technology infrastructure as the I-680 Express Lanes, using Quarterhill's riteSuite™ platform. The I-580 Express Lanes cover approximately 10 miles eastbound and 12 miles westbound, designed to improve travel times and reduce congestion across Alameda County.
This contract positions Quarterhill as Alameda CTC's exclusive Express Lane Electronic Toll Collection System provider until 2032, with possible extensions to 2036. The project includes updating technical equipment, sign upgrades, and replacing outdated roadside equipment while streamlining operational processes across Alameda CTC's network.
Quarterhill Inc. (TSX: QTRH) (OTCQX: QTRHF) has appointed Pasquale T. (Pat) Deon, Sr. to its Board of Directors. Deon brings significant experience in tolling and transportation, having served as former Chairman of the Southeastern Pennsylvania Transportation Authority (SEPTA) and current Vice Chairman of the Pennsylvania Turnpike Commission. During his 25-year tenure at SEPTA, Deon led major expansions and secured over $800 million in project financing. He is an accomplished entrepreneur with business interests in real estate, energy, hospitality, and regulated gaming sectors. As Executive Chairman of SportsContentCo, and board member of Independence Health Group, Deon's extensive leadership experience is expected to contribute to Quarterhill's growth in the Intelligent Transportation System industry.
Quarterhill has secured two contracts worth $3.4 million with the Idaho Transportation Department for system upgrades and maintenance at Commercial Vehicle Enforcement stations. The first contract involves upgrading the Inkom Port-of-Entry weigh station with advanced technology, including license plate readers, cameras, and Single-Load-Cell WIM Scales. The second contract provides one-year maintenance services for electronic screening and virtual weigh station sites, with an option for a one-year extension. The Inkom project notably includes a Tire Anomaly and Classification System (TACS) to detect tire issues, enhancing road safety and operational efficiency.
Quarterhill Inc reported Q3 2024 financial results with revenue of $38.0 million, up 12% from Q3 2023. The company experienced a negative Adjusted EBITDA of ($2.8) million compared to $1.4 million in Q3 2023. Revenue backlog stood at $475 million. The quarter was marked by new enforcement unit contracts in multiple locations and a $3.8 million dividend from Wi-LAN Inc. The company took $4 million in reserves for two tolling contracts, impacting margins. Quarterhill expects to return to positive Adjusted EBITDA in Q4 2024 and projects growth into 2025.
FAQ
What is the current stock price of Quarterhill (QTRHF)?
What is the market cap of Quarterhill (QTRHF)?
What core business does Quarterhill Inc. operate in?
How does Quarterhill generate revenue?
What types of technologies are included in Quarterhill's licensing portfolio?
How does Quarterhill integrate emerging technologies in its solutions?
In which markets does Quarterhill provide its services?
What operational advantages does Quarterhill offer its clients?
How does Quarterhill differentiate itself from competitors?
Where is Quarterhill publicly listed?
