07:10 AM EDT, 08/09/2024 (MT Newswires) -- Quarterhill ( QTRHF ) , a provider of tolling and enforcement solutions in the Intelligent Transportation System industry, on Friday said its second-quarter net loss narrowed as revenue increased 7.5%.

The net loss came in at US$3 million, or US$0.03 per diluted share, narrowing from a loss of US$21.8 million, or US$0.19 per diluted share.

Revenue increased to US$41.5 million from US$38.6 million. Adjusted EBITDA fell to US$1.7 million from US$2.9 million.

The company appointed Vineet Khosla, the chief technology officer at the Washington Post, to its board, effective immediately.