Quarterhill Stock Price, News & Analysis

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 Inc. (TSX: QTRH, OTCQX: QTRHF) has appointed David Charron as Chief Financial Officer, effective June 17, 2025. Charron brings over 15 years of public company CFO experience and will support Quarterhill's next growth phase. His most recent role was CFO at Maropost Inc., and he previously served as CFO at Tiny Ltd./WeCommerce Holdings Inc. and Terago Networks Inc. At Redknee Solutions, he successfully managed five acquisitions and secured $240 million in financings. Charron holds multiple professional designations including CPA and CMA, with an MBA and Bachelor of Engineering from McMaster University. He currently serves as Board Director and Audit Committee Chair for NowVertical Group. The appointment comes as Quarterhill concludes its 18-month turnaround efforts, with Morgan Demkey returning to his role as VP of Operations for the Safety & Enforcement unit.

Quarterhill (QTRHF) reported its Q1 2025 financial results, showing revenue of $33.9 million, down from $34.9 million in Q1 2024. The company posted an Adjusted EBITDA loss of $3.4 million, compared to a positive $0.2 million in the previous year, primarily impacted by two tolling contracts under renegotiation. Notable highlights include a $476 million revenue backlog and a significant $40 million renewal contract for the Alameda CTC I-580 Express Lanes, with a potential $15 million expansion. The company's cash position stood at $26.1 million, and it received a post-quarter $3.2 million dividend from Wi-LAN. Quarterhill reported a net loss of $8.4 million ($0.07 per share) compared to a $4.2 million loss in Q1 2024, reflecting ongoing business transformation challenges and seasonal slowdown.

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.

Quarterhill Inc. (QTRHF) has scheduled the release of its Q1 2025 financial results for Thursday, May 15, 2025. The company will host a conference call and audio webcast on the same day at 10:00 a.m. ET, featuring CEO Chuck Myers and Interim CFO Morgan Demkey.

Investors can access the live webcast through the provided link, with replay options available. For those preferring traditional dial-in, toll-free access is available from the U.S. and Canada at 1.888.699.1199, while international callers can dial 1.416.945.7677. A telephone replay will be accessible from May 15 to May 22, 2025.

Quarterhill Inc. (TSX: QTRH) (OTCQX: QTRHF) has announced its upcoming virtual Annual and Special Meeting of shareholders scheduled for May 12, 2025, at 10:00 a.m. Eastern time. The company has nominated six directors for election to the Board, including four current directors and two new nominees.

The nominees include current directors Rusty Lewis, Chuck Myers, Pasquale T. Deon Sr., and Robin Saunders, alongside new nominees Asha Daniere and Stephen A. Smith. Daniere brings legal and governance expertise from her media and entertainment background, while Smith contributes significant financial and accounting experience from his roles at major public companies.

Shareholders can vote online, via telephone, or mail before May 8, 2025, 10:00 a.m. Eastern time. The virtual meeting will be accessible at meetnow.global/MRFXRDH, where shareholders can participate, vote, and ask questions in real-time following procedures outlined in the Management Information Circular dated April 1, 2025.

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.