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Quarterhill Strengthens Tolling Partnership with New Mediation Agreement

Story Highlights
  • Quarterhill resolves contract issues with a tolling customer through successful mediation.
  • The agreement enhances revenue and reduces costs, marking a key operational milestone.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Quarterhill Strengthens Tolling Partnership with New Mediation Agreement

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Quarterhill ( (TSE:QTRH) ) has shared an announcement.

Quarterhill Inc. announced a successful mediation agreement with a tolling customer, resolving past contract issues and setting new terms that enhance their partnership. The agreement includes a one-time payment, improved payment terms, and a structure that increases revenue while reducing costs, marking a significant step in Quarterhill’s operational transformation and strengthening its customer relationships.

The most recent analyst rating on (TSE:QTRH) stock is a Hold with a C$1.00 price target. To see the full list of analyst forecasts on Quarterhill stock, see the TSE:QTRH Stock Forecast page.

Spark’s Take on TSE:QTRH Stock

According to Spark, TipRanks’ AI Analyst, TSE:QTRH is a Neutral.

Quarterhill’s overall stock score reflects significant financial and technical challenges. The most impactful factors are the weak financial performance and bearish technical indicators, compounded by unattractive valuation metrics. While there are strategic efforts to improve, current conditions present substantial risks.

To see Spark’s full report on TSE:QTRH stock, click here.

More about Quarterhill

Quarterhill is a leading provider of tolling and enforcement solutions in the Intelligent Transportation System (ITS) industry. The company aims for technology-driven global leadership in ITS through organic growth and an acquisition-oriented investment strategy, focusing on attractive growth opportunities within ITS and its adjacent markets.

Average Trading Volume: 103,996

Technical Sentiment Signal: Sell

Current Market Cap: C$126.2M

For an in-depth examination of QTRH stock, go to TipRanks’ Overview page.

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