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Savers might have seen higher returns on their balances when the Federal Reserve started raising rates again. At its September meeting, the central bank increased the federal-funds rate by 25 basis points, its first rate hike since 2023. While it voted to hold the rate steady at its October meeting, it’s projected to raise it…

Third-quarter revenue rose 20% to $8.9 million, driven by early GenesisX and Synchrony sales, while the net loss remained $6.5 million. Management expects more consistent system sales and recurring revenue, targeting profitability in 2027.

Quarterhill posted its strongest quarterly revenue since 2022, up 9% year over year to $43.2 million, and its fifth consecutive quarter of positive adjusted EBITDA. Adjusted EBITDA rose to $3.9 million as gross margin improved to 29% from 26%.