Quarterhill Inc
TSX:QTRH
Quarterhill Inc
Quarterhill, Inc. engages in the acquisition and management of technology companies offering products and services. The company is headquartered in Kitchener, Ontario and currently employs 562 full-time employees. The firm targets companies with a broad range of products and services that capture, analyze and interpret data, and that have financial performance, management teams, intellectual property underpinnings and opportunities to develop long-term recurring and growing revenue streams. The firm operates through its subsidiaries: International Road Dynamics (IRD), a multi-discipline, technology company and a provider of Intelligent Transportation Systems (ITS). The company has the proficiency to integrate ITS technologies into systems designed to solve challenging transportation problems and WILAN, which develops and commercializes technologies. The company provides fiber optic traffic sensors for road and rail markets.
Quarterhill, Inc. engages in the acquisition and management of technology companies offering products and services. The company is headquartered in Kitchener, Ontario and currently employs 562 full-time employees. The firm targets companies with a broad range of products and services that capture, analyze and interpret data, and that have financial performance, management teams, intellectual property underpinnings and opportunities to develop long-term recurring and growing revenue streams. The firm operates through its subsidiaries: International Road Dynamics (IRD), a multi-discipline, technology company and a provider of Intelligent Transportation Systems (ITS). The company has the proficiency to integrate ITS technologies into systems designed to solve challenging transportation problems and WILAN, which develops and commercializes technologies. The company provides fiber optic traffic sensors for road and rail markets.
Revenue Growth: Revenue increased 4.5% year-over-year to $39.7 million in Q3, with both business units contributing.
Profitability Turnaround: Adjusted EBITDA swung to a positive $1.4 million from a loss last year, reflecting restructuring and better contract terms.
Cost Savings: Workforce reductions and contract renegotiations are expected to save about $12 million annually, with further savings ahead.
Margin Expansion: Gross margin rose to 26% from 13% last year, driven by restructuring and margin improvements in both businesses.
Operational Cash Flow: The company generated $6.4 million in cash from operations, up from negative $1.7 million last year.
Backlog & Pipeline: Backlog remains strong at over $427 million, with a $2 billion bid pipeline providing good growth visibility.
Tech Investment: Progress continues on a next-gen AI-enabled platform, expected to drive future recurring software revenue and margin gains.
