Quarterhill (TSE:QTRH) has released an update.
Quarterhill Inc. reported a 7.5% increase in Q2 2024 revenue at $41.5 million and significant improvements in cash flow, marking the first positive cash flow from operations in two years. The company also expanded its software offerings with the acquisition of Red Fox I.D., which has been recognized with two King’s Awards for innovation and international trade excellence. Furthermore, AI and machine learning expert Vineet Khosla has joined Quarterhill’s Board of Directors, bringing valuable technological insights to the company.
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