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Quarterhill and Indiana Department of Transportation Expand Partnership with $13 Million Weigh-in-Motion Projects

Quarterhill Secures $13M Indiana Contract as Backlog Holds Above $400M Amid Turnaround

By The Northwire Desk — AI Analysis Apr 28, 2026 · 07:00 QTRH · 1.53 QUARTERHILL INC.
Executive Summary
  • Quarterhill Inc. announced a partnership expansion with the Indiana Department of Transportation (INDOT) valued at approximately $13 million.
  • The contract covers four years from May 1, 2026, through April 30, 2030.
  • Scope includes deployment, maintenance, and enhancement of Weigh-in-Motion (WIM) and Virtual WIM systems across Indiana's highway network.
  • Technology involves ITHEIA AI-powered video-based classification for vehicle classification without in-road sensors.
  • This follows a series of contract wins announced in early 2026 including MassDOT ($6.4M), Caltrans ($2.4M), and NJDOT (multi-year service).
Material Impact
  • The $13 million contract represents approximately 8% of the company's full-year 2025 revenue run-rate ($155.2M) but is roughly 3% of the reported year-end backlog ($404.3M).
  • Given the consistent string of government contracts secured in Q1 2026 (MassDOT, Caltrans, NJDOT), this announcement aligns with established expectations rather than introducing a surprise catalyst.
  • The contract duration extends revenue visibility through 2030, supporting the company's stated goal of recurring revenue stability.
  • While positive for cash flow and backlog maintenance, it does not materially alter the fundamental valuation thesis compared to the Q4 2025 financial results which already signaled an operational turnaround (Q4 Adjusted EBITDA $4.4M).
QTRH · Price
Company Overview
  • Quarterhill Inc. operates through its subsidiary International Road Dynamics (IRD).
  • Flagship technology includes Weigh-in-Motion (WIM) systems, Virtual WIM (VWIM), and AI-powered vehicle classification (ITHEIA).
  • The company focuses on Intelligent Transportation Systems (ITS) for government agencies to monitor commercial vehicles, protect infrastructure, and improve safety.
  • Recent strategic focus has shifted towards SaaS models and recurring maintenance contracts alongside new deployments.
Read the original news release →

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