Uneven results from Quarterhill's WiLAN division, which generates revenues based on patent licensing agreements and litigation awards, continue to affect its quarterly results.
IRD has landed similar contracts in Canada this past year with the provinces of Saskatchewan and British Columbia.
The jump in year-over-year revenue can be partly attributed to the acquisitions Quarterhill made in 2017.
Quarterhill’s new business model involves building a portfolio of companies in the Industrial Internet of Things space.
Interim CEO Shaun McEwan urged investors to look at the firm’s “long-term value rather than quarter-by-quarter numbers.”
The local company formerly known as WiLAN said it expects Q3 revenues to be in the range of US$72.5 million to US$82.5 million
International Road Dynamics, a wholly owned subsidiary of Ottawa-based Quarterhill, will provide full-service traffic monitoring services to the state of Oklahoma over the course of a five-year, mu
Local firm will contribute technology that will allow provincial officials to monitor and screen the weights and dimensions of commercial vehicles.
Quarterly revenues rise 16% to US$18.6 million
Network of vehicle identification technologies are designed to improve the efficiency of commercial vehicle traffic.