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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].