08:37 AM EDT, 05/15/2025 (MT Newswires) -- Quarterhill ( QTRHF ) , a provider of tolling and enforcement solutions in the Intelligent Transportation System industry, reported its net loss widening in the first quarter.

The net loss was US$8.4 million, or US$0.07 per diluted share for the three-months ended March 31, compared with US$4.2 million, or US$0.04 per share, a year earlier.

Revenue decreased to US$$33.9 million in Q1 compared with US$$34.9 million, a year-ago, due to the timing of revenues received from certain tolling contracts, and offset, in part, by revenue growth from the enforcement operations.

"While performance was impacted by our seasonally slow first quarter and the two tolling contracts that are in renegotiation, we continue to make meaningful progress on our turnaround strategy, positioning us for long-term success," said Quarterhill ( QTRHF ) Chief Executive Chuck Myers. "In addition, we remain actively engaged in renegotiating the two tolling contracts that negatively impacted our Adjusted EBITDA by $3.2 million this quarter, with the goal of securing a favorable outcome that would improve our financial performance in future quarters."

Shares of the company closed down 2.5% to $1.59 on Wednesday.