Quarterhill Wins $10.7 Million Illinois Tollway Contract Extension

An update from Quarterhill ( (TSE:QTRH) ) is now available.

Quarterhill has secured a three-year, $10.7 million extension to its tolling operations contract with the Illinois Tollway, running from January 31, 2026, to January 30, 2029. Under the renewed agreement, the company will continue to support and enhance critical legacy back-office and roadside transactional systems that manage daily toll collection across the Illinois Tollway network, ensuring system reliability, seamless integration with multi-partner solutions, and a consistent customer experience. The deal reinforces Quarterhill’s longstanding role in the Tollway’s Toll Revenue Management and Maintenance Program and underscores the company’s positioning as a key technology partner to transportation agencies seeking secure, scalable tolling infrastructure and modernized mobility services.

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.

The score is driven by improving operational momentum from the latest earnings call (positive EBITDA, stronger operating cash flow, cost reductions, and a large backlog), balanced against still-weak underlying financial performance (ongoing losses, low margins, negative ROE). Technical indicators are neutral and valuation remains constrained by negative earnings and no stated dividend yield.

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

More about Quarterhill

Quarterhill Inc. is a global leader in the intelligent transportation systems (ITS) industry, providing smart infrastructure solutions that reduce congestion, enhance roadway safety and support more sustainable travel. Its platforms process billions of transactions annually, conduct compliance and safety inspections on millions of commercial vehicles, and help transportation agencies worldwide optimize traffic flows using advanced artificial intelligence and machine learning technologies. Working closely with government and industry partners, Quarterhill focuses on secure, resilient and scalable systems that underpin connected roadways and next-generation mobility.

Average Trading Volume: 136,805

Technical Sentiment Signal: Sell

Current Market Cap: C$108.9M

See more insights into QTRH stock on TipRanks’ Stock Analysis page.