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Questor Announces Second Quarter Results
Globenewswire· 2025-08-28 11:00
CALGARY, Alberta, Aug. 28, 2025 (GLOBE NEWSWIRE) -- Questor Technology Inc. (“Questor” or the “Company”) (TSX-V: QST) announced today its financial and operating results for the second quarter ended June 30, 2025. Questor’s unaudited Condensed Consolidated Financial Statements and Management’s Discussion and Analysis for the quarter ended June 30, 2025, are available on the Company’s website at www.questortech.com/investor-relations and at www.sedarplus.ca. Unless otherwise noted, all financial figures are ...
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].