Quarterhill Inc. ( (QTRHF) ) has released its Q2 earnings. Here is a breakdown of the information Quarterhill Inc. presented to its investors.
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Quarterhill Inc., a prominent player in the Intelligent Transportation System (ITS) industry, specializes in providing tolling and enforcement solutions. The company is known for its technology-driven approach and acquisition-oriented investment strategy aimed at achieving global leadership in ITS.
In its latest earnings report for Q2 2025, Quarterhill Inc. reported a revenue of $43.1 million, marking a 4% increase from the previous year, driven by strong performance in its safety and enforcement unit. However, the company faced a net loss of $6.8 million, a significant increase from the $3.0 million loss in Q2 2024, primarily due to cost overruns and challenges with tolling contracts.
Key financial metrics revealed a decrease in adjusted EBITDA to negative $2.7 million from a positive $1.7 million in the same quarter last year. The company also reported cash and cash equivalents of $22.7 million as of June 30, 2025. Strategic moves included the appointment of new leadership roles and a restructuring plan expected to save approximately $12 million annually.
Despite the challenges, Quarterhill’s CEO, Chuck Myers, emphasized the company’s commitment to strengthening its business through a four-point plan, focusing on restructuring, renegotiating tolling contracts, pursuing higher-margin business, and investing in next-generation technology.
Looking ahead, Quarterhill remains optimistic about its strategic initiatives and leadership changes, aiming for sustainable profitability, top-line growth, and enhanced shareholder value in the coming quarters.