$QTRH.TO

Quarterhill Seals US$2.5 Million Deal With Illinois Transportation Dept

Quarterhill (QTRH.TO) has sealed a deal with the Illinois Department of Transportation (IDOT) to install and maintain traffic data collection sites, the company said Monday.The US$2.5 million contract is spread over three-years, with an optional annual extension for up to 10 years. It covers northeastern Illinois and includes the Chicago metro area, a statement added.Quarterhill's technology will support IDOT's expansion of traffic monitoring infrastructure. The company will install new continuous count sites and maintain existing locations, to help ensure traffic data remains accurate for IDOT's use, Quarterhill said.

Quarterhill Selected by Utah Department of Transportation to Deploy Advanced Tolling Back-Office Platform

Quarterhill (QTRH.TO) has been selected by the Utah Department of Transportation (UDOT) to deploy its tolling back-office and customer service platform across the I-15 Express Lanes network under a $6.3 million contract, the company said on Tuesday.It is not clear if the figure is in USD, but the company does report its results in USD.UDOT will operate on Quarterhill's advanced, modular back-office solution that automatically routes, assigns, and resolves transactions, surfacing exceptions before they escalate, said the company, and added that the platform integrates natively with enterprise resource planning, customer service, and operational systems agencies already run."For UDOT, it replaces the patchwork of dashboards and manual workflows that have historically defined back-office tolling, delivering a unified, auditable, real-time operational view," said the company.The five-year contract includes five optional one-year extensions and covers transaction processing, account management, customer service center operations, and full support for the UDOT Express Lanes program, added the company."Tolling back-office systems have lagged behind the rest of the transportation stack for too long. Agencies have been forced to operate across disconnected tools with limited visibility and slow change cycles," said Chuck Myers, Chief Executive Officer of Quarterhill. "What we're bringing to UDOT is fundamentally different: a solution where rules, roles, and workflows live in one place, exceptions are caught automatically, and every action is traceable. UDOT will be able to adapt the system as their program evolves, without downtime, without rebuilds, and without losing the customer experience drivers expect."

Quarterhill Says Selected by Utah Department of Transportation to Deploy Advanced Tolling Back-Office Platform in I-15 Express Lanes

CIBC Confirms Outperformer Rating on Quarterhill and Raises Its Price Target to C$2.50 on Q1 Results

CIBC Capital Markets maintained its outperformer rating on the shares of Quarterhill (QTRH.TO) and raised its price target to C$2.50 from C$2.00 after the company reported its first quarter financial results on Thursday."Into 2026, the setup is straightforward to a year that is inflecting: a ~$428.8MM backlog (+6% Q/Q) provides revenue coverage, the ~15% restructuring completed in 2025 (~100 roles) should lift margins, and a ~$2B bid pipeline can rebuild backlog/improve mix-with tighter bid discipline targeting cash-flow neutrality through implementation," said analyst Todd Coupland. "We raise our price target to C$2.50 (prior C$2.00) based on 10x 2027E EBITDA, earn-outs, and net cash."The bank believes the company will continue to re-rate as the backlog converts, restructuring benefits flow through, and margins trend above about 10%. For 2026E, CIBC forecast about 9.9% revenue growth and adjusted EBITDA margins moving to about 6% or higher.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $1.76, Change: $+0.02, Percent Change: +1.15%

Earnings Flash (QTRH.TO) Quarterhill Reports Q1 Revenue US$38.6M, Up 14%

Quarterhill Secures New US$60 Million Credit Facility

Quarterhill (QTRH.TO) said Tuesday it entered into a new US$60-million senior secured credit facility with BTG Pactual's U.S. Private Credit Investments division.The financing includes a US$30 million initial term loan, a US$25 million delayed draw term loan, and a US$5 million revolving credit facility, the company said. The funds will be used to refinance existing debt, redeem convertible debentures, cover transaction costs, and provide working capital.The credit facilities mature on May 12, 2031, and are secured by certain company assets. Quarterhill also established an additional potential US$100 million accordion facility to support future growth, subject to lender agreement. "This is designed to fuel inorganic growth initiatives and allow the company to act quickly on accretive merger and acquisition opportunities as they arise," it said.The company's shares were last seen up $0.10 to $1.53 on the Toronto Stock Exchange.Price: $1.53, Change: $+0.10, Percent Change: +6.99%