• Quarterhill management commentary reported a third-quarter 2026 net loss of USD 16.46 million, widening from USD 4.73 million a year earlier.
• Operating expenses rose to USD 23.62 million, primarily reflecting acquisition-related charges, higher stock-based compensation and other increased costs, management said.
• Gross margin increased to 28.6% from 26.3%, attributed to restructuring, improved tolling contract margins and strong safety and enforcement performance.
• Revenue reached USD 43.16 million on overall business growth; adjusted EBITDA increased to USD 3.9 million, reflecting revenue, margin and expense changes.
• Management attributed debt covenant noncompliance primarily to proposed Conduent acquisition charges; the lender subsequently waived the breach on November 6, 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Quarterhill Inc. published the original content used to generate this news brief on November 10, 2026, and is solely responsible for the information contained therein.