07:00 AM EDT, 08/13/2025 (MT Newswires) -- Quarterhill ( QTRHF ) , a global provider of intelligent transportation system solutions, on Wednesday reported that it widened its second-quarter net loss despite higher revenues due to growth in the safety and enforcement business unit.

Net loss came in at US$6.8 million, or a loss of US$0.06 per share, widening from a loss of US$3 million, or a loss of US$0.03 per share.

Revenues amounted to US$43.1 million, up from US$41.5 million and beating the analyst consensus revenue estimate of US$40.7 million compiled by FactSet.

Adjusted EBITDA swung to a loss of US$2.7 million, or a loss of US$0.02 per share, from positive adjusted EBITDA of US$1.7 million, or US$0.01 per share.

The company's restructuring announced in July is expected to generate about US$12 million in annualized savings starting in the third quarter.

Quarterhill ( QTRHF ) also said it has made progress on one of the tolling contracts under negotiation, reducing costs related to the project and agreeing to enter a mediation process scheduled to start by the end of the month.