Quarterhill Inc. Reports Q1 2025 Financial Results

Quarterhill Inc. ( (QTRHF) ) has released its Q1 earnings. Here is a breakdown of the information Quarterhill Inc. presented to its investors.

Quarterhill Inc. is a prominent player in the Intelligent Transportation System (ITS) industry, specializing in tolling and enforcement solutions, with a focus on technology-driven growth and strategic acquisitions.

In its Q1 2025 financial report, Quarterhill Inc. reported a slight decline in revenue to $33.9 million from $34.9 million in the same period last year, alongside a negative adjusted EBITDA of $3.4 million, influenced by ongoing renegotiations of two major tolling contracts.

Key financial metrics highlighted a revenue backlog of $476 million and a cash position of $26.1 million. The company announced a significant $40 million contract renewal for the Alameda CTC I-580 Express Lanes, with potential expansion, and received a $3.2 million dividend from Wi-LAN Inc. Despite a net loss of $8.4 million, Quarterhill showed improved cash flow management, reducing cash used in operations compared to the previous year.

Looking ahead, Quarterhill’s management remains optimistic about future revenue growth and margin improvements, driven by the conclusion of contract renegotiations and ongoing operational enhancements. The company is poised to leverage its strategic initiatives to achieve long-term success in the ITS sector.