By Robb M. Stewart Quarterhill's loss in the latest quarter narrowed as the Canadian transportation-technology company benefited from increased activity and growth in its enforcement and tolling businesses. The Toronto-based company recorded a net loss of 15.6 million Canadian dollars ($11.5 million), or C$0.14 a shares, in the fourth-quarter, compared with a year-earlier loss of C$20.1 million, or C$0.18. Revenue for the quarter was 46% higher at C$58.5 million, and Quarterhill said it had a revenue backlog worth more than $520 million as of the end of December. Write to Robb M. Stewart at robb.stewart@wsj.com Corrections & Amplifications This article was corrected at 07:41 a.m. ET to clarify that Quarterhill had a revenue backlog worth more than $520 million as of the end of December. An earlier article incorrectly said C$40.1 million.
2024-03-15 11:39:00 GMT
DJ Correction to Quarterhill Quarterly Loss Article
Quarterhill had a revenue backlog worth more than $520 million as of the end of December. "
Quarterhill Quarterly Loss Narrows With Stronger Revenue," at 07:03 ET, incorrectly said C$40.1 million.