Quarterhill Inc Q3 revenue rises on better project execution

Quarterhill

06/11/2025 11:53

Overview

Quarterhill Q3 revenue rises to $39.7 mln, missing analyst expectations

Gross margin improved to 26% from 13% in Q3 2024

Adjusted EBITDA turns positive at $1.4 mln, first positive since Q4 2024

Outlook

Quarterhill did not provide specific guidance for future quarters or the full year

Result Drivers

GROSS MARGIN EXPANSION - Co attributes improved margins to better project execution, disciplined cost management, and a more profitable revenue mix

SAFETY & ENFORCEMENT PERFORMANCE - Safety & Enforcement unit delivered gross margins above 40%

TOLLING BUSINESS BENEFITS - Tolling business benefited from restructuring actions and improved contract terms

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Miss
$39.74 mln
$41.80 mln (1 Analyst)
Q3 Net Income
-$4.73 mln
Q3 Adjusted EBITDA
$1.40 mln
Q3 Gross Profit
$10.46 mln
Q3 Pretax Profit
-$3.75 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the electronic equipment & parts peer group is "buy"

Wall Street's median 12-month price target for Quarterhill Inc is C$1.80, about 41.1% above its November 5 closing price of C$1.06

Press Release: ID:nPn2wN7Gma

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)