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Questor Announces Second Quarter Results
Globenewswire· 2025-08-28 11:00
Financial Performance - Questor Technology Inc. reported significant revenue growth in Q2 2025, with revenue reaching CAD 3,023,053 compared to CAD 870,360 in Q2 2024, representing a 247% increase [3] - Gross profit for the same period was CAD 1,589,838, up from CAD 42,156 in Q2 2024, resulting in a gross profit margin of 53% compared to 5% in the previous year [3][5] - Adjusted EBITDA improved to CAD 871,374 in Q2 2025 from a loss of CAD 721,640 in Q2 2024, indicating a positive shift in operational performance [3][6] - The company reported a profit of CAD 363,147 for the quarter, a turnaround from a loss of CAD 966,246 in Q2 2024 [3] Strategic Focus - The increase in revenue was primarily driven by growth in international equipment sales, aligning with the company's strategy to diversify revenue streams globally [4] - Questor is advancing its waste heat to power prototype, with commissioning expected to begin in Q3 2025 and field deployment anticipated in Q4 2025 [7] - The company is strategically positioned to capitalize on the evolving global regulatory landscape for emissions, which is driving interest in its technology solutions [10][16] Environmental Impact - Questor's technology aims to address significant environmental challenges associated with flaring and venting, which contribute to air pollution and climate change [11][12] - The company's ISO 14034-certified thermal oxidizer achieves 99.99% combustion efficiency, helping clients comply with emissions standards and reduce harmful pollutants [12] - Questor's solutions are designed to support major oil and gas producers in meeting their commitments to reduce emissions while achieving net-zero goals [13] Global Partnerships - Questor has established partnerships with key industry players in various regions, including Iraq, Nigeria, and Latin America, to enhance its market reach and support client engagements [15] - The company is focused on jurisdictions that prioritize environmental and social impacts in energy production, with plans to commission high-profile projects in the Middle East and North Africa [14] Future Outlook - Questor anticipates continued growth as global incentives for methane and VOC reduction increase, positioning itself as a partner for clients aiming to improve environmental performance [16] - The company is prepared to navigate potential political and economic uncertainties, supported by strategically positioned inventory and established supply chains across North America [16]
Questor Announces First Quarter Results
Globenewswire· 2025-05-21 11:00
Core Viewpoint - Questor Technology Inc. reported significant financial improvements in Q1 2025, driven by increased revenue from international equipment sales and a strategic focus on sustainable energy solutions [1][5][11]. Financial Results - Revenue for Q1 2025 reached CAD 2,359,287, a substantial increase of CAD 1.6 million compared to CAD 731,618 in Q1 2024 [3][5]. - Gross profit for the quarter was CAD 1,179,892, with a gross profit margin of 50%, up from 29% in the same period last year [3][6]. - Adjusted EBITDA improved to CAD 475,652 in Q1 2025, compared to a loss of CAD 477,583 in Q1 2024 [3][7]. - The company reported a profit of CAD 350,179 for the period, contrasting with a loss of CAD 636,759 in the previous year [3]. Operational Highlights - The construction of a 1500kW waste heat to power prototype is nearing completion, with commissioning expected in Q2 2025 [8]. - Questor secured CAD 1.7 million in committed equipment sales revenue anticipated for Q2 2025 [5]. - A CAD 0.9 million purchase order was announced for clean combustion solutions at Caltrax Inc.'s facility, alongside a CAD 2.4 million contract in Iraq [10]. Strategic Focus - The company emphasizes its commitment to reducing emissions and promoting sustainable energy development, aligning with global regulatory trends [11][12]. - Questor's technology solutions are designed to help clients meet environmental regulations and reduce harmful emissions, including methane and VOCs [13][14]. - The company has established partnerships in various regions, including Iraq and Nigeria, to enhance its market presence and support its technology adoption [16][18]. Market Position - Questor is positioned to benefit from increasing global incentives for methane and VOC reduction, making it an attractive partner for companies aiming to meet environmental commitments [18]. - The company’s multi-year strategy focuses on diversifying revenue streams in jurisdictions that prioritize environmental and social impacts [15].