Quarterhill Inc. ( (QTRHF) ) has released its Q3 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 aimed at enhancing mobility through smart infrastructure. In its Q3 2025 financial results, Quarterhill reported significant progress in its turnaround strategy, marked by substantial gross margin expansion and positive Adjusted EBITDA, reflecting improved profitability and operational execution. Key financial highlights include a revenue increase to $39.7 million from $38.0 million in Q3 2024, a gross margin improvement to 26% from 13%, and cash generated from operations reaching $6.4 million compared to a cash usage of $1.7 million in the previous year. The company also reported a revenue backlog of $427 million and announced restructuring efforts expected to yield annualized savings of approximately $12 million. Despite a net loss of $4.7 million for the quarter, Quarterhill’s strategic focus on enhancing its tolling and safety enforcement units has shown promising results. Looking ahead, Quarterhill’s management is optimistic about accelerating growth and expanding profitability, supported by a robust pipeline and a strengthened balance sheet, positioning the company as a leading technology-driven ITS platform.