Latest news with #ITS
Cision Canada
a day ago
- Business
- Cision Canada
Quarterhill Streamlines Operations to Reduce Costs and Align with Strategic Priorities
TORONTO, July 24, 2025 /CNW/ - Quarterhill Inc. ("Quarterhill" or the "Company") (TSX: QTRH) (OTCQX: QTRHF), today announced a workforce reduction of approximately 100 positions, representing approximately 15% of total headcount. This strategic initiative is intended to reduce costs, accelerate the path toward sustainable positive Adjusted EBITDA and operating cash flow, and better align resources with our long-term strategic priorities and those of our customers. The reduction, affecting both contract and full-time roles in roughly equal measure, is expected to generate annualized cost savings of approximately US$12 million. The reduction is primarily focused on operational areas that affect cost of sales, with a partial benefit to be realized in 2025 and the full benefit expected in 2026. "While it is always difficult to part with good people, these changes are necessary to ensure we remain focused and well-positioned for long-term growth," said Chuck Myers, CEO at Quarterhill. "This is one of several decisive steps we are taking to strengthen our financial foundation, and represents a critical milestone in our objective to achieve positive Adjusted EBITDA margins and operating cash flow. At the same time, as we progress through this transition period, we will be better positioned to serve our customers with the highest standard of service." About Quarterhill Quarterhill is a leading provider of tolling, safety and enforcement, and logistics solutions in the Intelligent Transportation System (ITS) industry. Our goal is technology-driven global leadership in ITS, via organic growth of our businesses, and by continuing an acquisition-oriented investment strategy that capitalizes on attractive growth opportunities within ITS and its adjacent markets. Quarterhill is listed on the TSX under the symbol QTRH and on the OTCQX Best Market under the symbol QTRHF. For more information: Forward-looking Information This news release contains forward-looking information and forward-looking statements within the meaning of applicable Canadian securities laws (collectively, "forward-looking statements"). Such forward-looking statements relate to future events, conditions or future financial performance of Quarterhill based on future economic conditions and courses of action. All statements other than statements of historical fact may be forward-looking statements. Such forward-looking statements are often, but not always, identified by the use of any words such as "seek", "anticipate", "budget", "plan", "goal", "expect" and similar expressions. Specifically, this news release contains forward-looking statements relating to, but not limited to: the anticipated cost savings from the workforce reduction; the Company's ability and path to achieve sustainable positive Adjusted EBITDA; and the impact of the workforce reduction on the Company's operations, financial position and results. Forward-looking statements involve known and unknown risks, assumptions, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Material risk factors that could cause actual results to differ materially from the forward-looking statements contained in this news release include, among others, demand for Quarterhill's products and services; general economic and market conditions; competition; risks relating to technological advances and cyber-security; force majeure risks; and other risks set forth in the Company's most recent annual information form available on SEDAR+ at The Company believes the expectations reflected in the forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this news release should not be unduly relied upon. Material factors and assumptions used to develop the forward-looking statements contained in this news release include, among others: Quarterhill's ability to execute on its business plan; demand for Quarterhill's products and services; operating assumptions; and financial projections and cost estimates. These foregoing lists are not exhaustive. Additional information on these and other factors which could affect the Company's operations or financial results are included in the Company's most recent annual information form and other public documents on file with the Canadian Securities regulatory authorities on The forward-looking statements represent the Company's views as at the date of this news release. There can be no assurance that forward-looking statements will prove to be accurate, as actual events and future events could differ materially from those anticipated in such statements. Readers should not place undue reliance on any forward-looking statement. The Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities law.
Cision Canada
18-07-2025
- Business
- Cision Canada
Quarterhill Files Final Base Shelf Prospectus
TORONTO, July 18, 2025 /CNW/ - Quarterhill Inc. ("Quarterhill" or the "Company") (TSX: QTRH) (OTCQX: QTRHF), announces today that it has obtained a receipt for its final short form base shelf prospectus with the securities commissions in each of the provinces and territories of Canada, except Quebec. As previously announced, the final base shelf prospectus allows the Company to qualify the distribution by way of prospectus in Canada of up to C$200 million of common shares, preferred shares, debt securities, warrants, subscription receipts, units, or any combination thereof, during the 25-month period that the base shelf prospectus is effective. The specific terms of any offering under the base shelf prospectus will be established in a prospectus supplement, which will be filed with the applicable Canadian securities regulatory authorities in connection with any such offering. The shelf prospectus will enable the Company to access new capital or issue securities in connection with strategic acquisitions, if and when needed. The amount and timing of any future offerings or issuances will be based on the Company's financial requirements and market conditions at that time. A copy of the final short form base shelf prospectus can be found on SEDAR+ at This press release does not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. About Quarterhill Quarterhill is a leading provider of tolling, safety and enforcement, and logistics solutions in the Intelligent Transportation System (ITS) industry. Our goal is technology-driven global leadership in ITS, via organic growth of our businesses, and by continuing an acquisition-oriented investment strategy that capitalizes on attractive growth opportunities within ITS and its adjacent markets. Quarterhill is listed on the TSX under the symbol QTRH and on the OTCQX Best Market under the symbol QTRHF. For more information: Forward-looking Information This news release contains forward-looking information and forward-looking statements within the meaning of applicable Canadian securities laws (collectively, "forward-looking statements"). Such forward-looking statements relate to future events, conditions or future financial performance of Quarterhill based on future economic conditions and courses of action. All statements other than statements of historical fact may be forward-looking statements. Such forward-looking statements are often, but not always, identified by the use of any words such as "seek", "anticipate", "budget", "plan", "goal", "expect" and similar expressions. Specifically, this news release contains forward-looking statements relating to, but not limited to: the filing and effectiveness of any potential prospectus supplement in the future; future financing opportunities; the amount and terms of any securities to be offered under one or more shelf prospectus supplement(s); and the Company's focus on its acquisition strategy. Forward-looking statements involve known and unknown risks, assumptions, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Material risk factors that could cause actual results to differ materially from the forward-looking statements contained in this news release include, among others, demand for Quarterhill's products and services; general economic and market conditions; competition; risks relating to technological advances and cyber-security; force majeure risks; and other risks set forth in the Company's most recent annual information form available on SEDAR+ at The Company believes the expectations reflected in the forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this news release should not be unduly relied upon. Material factors and assumptions used to develop the forward-looking statements contained in this news release include, among others: Quarterhill's ability to execute on its business plan; demand for Quarterhill's products and services; operating assumptions; and financial projections and cost estimates. These foregoing lists are not exhaustive. Additional information on these and other factors which could affect the Company's operations or financial results are included in the Company's most recent annual information form and other public documents on file with the Canadian Securities regulatory authorities on The forward-looking statements represent the Company's views as at the date of this news release. There can be no assurance that forward-looking statements will prove to be accurate, as actual events and future events could differ materially from those anticipated in such statements. Readers should not place undue reliance on any forward-looking statement. The Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities law.
New Indian Express
14-07-2025
- Automotive
- New Indian Express
Ola Electric's losses widen, revenue falls by 50% in Q1 of FY26
Ola Electric Mobility's losses widened to Rs 428 crore in the first quarter of financial year 2026 (Q1 of FY26) while ITS revenue from operations fell sharply by 50% to Rs 828 crore. The firm had reported a net loss of Rs 347 crore and revenue of Rs 1,644 crore in the same period last year. Sales for the electric two-wheeler maker fell from 125,198 units in Q1 of FY25 to 68,192 units in Q1 of FY26, reflecting a sharp loss in market share amid increased competition from legacy players such as Bajaj Auto and TVS Motor. Despite a surge in losses and fall in revenue, investors gave a big thumbs up to the business updates as shares of Ola Electric surged nearly 20% on Monday. Investors cheered the company's announcement that its auto business crossed a major milestone by being EBITDA positive for the month of June.
Yahoo
12-07-2025
- Business
- Yahoo
Big buildout begins at Port of Long Beach amid global trade uncertainty
A major terminal operator at the Port of Long Beach broke ground on a $365-million expansion project Friday, even as activity at the port has cooled recently in response to rising tariffs. The terminal operator International Transportation Service plans to fill in a 19-acre area of water and extend the existing quay by 560 feet, which would allow larger ships to dock at the port. The expansion would boost cargo-handling capacity by 50% and create jobs, the company said at a ground breaking ceremony Friday. The new terminal would be able to accommodate two vessels each capable of carrying 18,000 cargo containers. "There is a demand coming for bigger ships," said ITS Chief Executive Kim Holtermand. "This project strengthens America's supply chain by investing in infrastructure the right way." The leap comes after container movement through the Port of Long Beach dropped sharply in recent months. Read more: 'It's going to hurt a lot.' How L.A.'s importers are navigating Trump's shifting tariffs President Trump's frequent changing of tariffs on countries including key trade partners Canada and Mexico have stunted global trade, prompting concern from public officials, laborers and business leaders. The Port of Los Angeles has also experienced a slowdown and reported that job opportunities at the port were down by half in June. The number of containers processed at the Port of Long Beach in May is down more than 8% from last year, and loaded containers being shipped out of the port, known as loaded exports, are down more than 18%. At the Port of Los Angeles, loaded exports dropped 4% from last May. Port of Long Beach Chief Executive Mario Cordero said the port is capable of progress in times of crisis and has learned from its perseverance through the pandemic. "We are most definitely in a period of uncertainty in this industry," Cordero said. "But there is one certainty here at the port. We will continue to build," he said. A large group gathered to celebrate the start of the project in Long Beach, including Long Beach Mayor Rex Richardson and longshore and warehouse workers union ILWU 13 President Gary Herrera. Sign up for our Wide Shot newsletter to get the latest entertainment business news, analysis and insights. This story originally appeared in Los Angeles Times.
Yahoo
12-07-2025
- Business
- Yahoo
Big buildout begins at Port of Long Beach amid global trade uncertainty
A major terminal operator at the Port of Long Beach broke ground on a $365-million expansion project Friday, even as activity at the port has cooled recently in response to rising tariffs. The terminal operator International Transportation Service plans to fill in a 19-acre area of water and extend the existing quay by 560 feet, which would allow larger ships to dock at the port. The expansion would boost cargo-handling capacity by 50% and create jobs, the company said at a ground breaking ceremony Friday. The new terminal would be able to accommodate two vessels each capable of carrying 18,000 cargo containers. "There is a demand coming for bigger ships," said ITS Chief Executive Kim Holtermand. "This project strengthens America's supply chain by investing in infrastructure the right way." The leap comes after container movement through the Port of Long Beach dropped sharply in recent months. Read more: 'It's going to hurt a lot.' How L.A.'s importers are navigating Trump's shifting tariffs President Trump's frequent changing of tariffs on countries including key trade partners Canada and Mexico have stunted global trade, prompting concern from public officials, laborers and business leaders. The Port of Los Angeles has also experienced a slowdown and reported that job opportunities at the port were down by half in June. The number of containers processed at the Port of Long Beach in May is down more than 8% from last year, and loaded containers being shipped out of the port, known as loaded exports, are down more than 18%. At the Port of Los Angeles, loaded exports dropped 4% from last May. Port of Long Beach Chief Executive Mario Cordero said the port is capable of progress in times of crisis and has learned from its perseverance through the pandemic. "We are most definitely in a period of uncertainty in this industry," Cordero said. "But there is one certainty here at the port. We will continue to build," he said. A large group gathered to celebrate the start of the project in Long Beach, including Long Beach Mayor Rex Richardson and longshore and warehouse workers union ILWU 13 President Gary Herrera. Sign up for our Wide Shot newsletter to get the latest entertainment business news, analysis and insights. This story originally appeared in Los Angeles Times. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
