08:32 AM EDT, 03/23/2026 (MT Newswires) -- Quarterhill ( QTRHF ) Monday reported a swing to a fourth-quarter net loss.

Net loss for the quarter was US$34.5 million or US$0.29 per diluted share, compared with net income of US$0.3 million or nil per share in the same period last year.

Revenues dipped slightly, to US$38.5 million, from US$38.9 million over the same period. An analyst polled by FactSet had expected US$39.7 million.

Quarterhill ( QTRHF ) reported a revenue backlog of US$404.3 million at Dec. 31, 2025.

"As we move into 2026, the focus is on accelerating growth and scaling the business. We are winning new work, expanding our customer relationships, and increasing the mix of higher-margin, software and recurring revenue across our platform," said chief executive Chuck Myers.