Canada's Questor Q2 revenue drops on project delays

Questor Technology

28/08/2026 12:10

Overview
Canada emissions tech firm's Q2 revenue dropped sharply yr/yr on delayed international projects
Company posted a gross loss and negative adjusted EBITDA due to lower sales and ongoing costs
Questor signed non-binding LOI to acquire Emission Rx for up to C$3 mln, subject to conditions

Outlook
Questor targets annual revenue of C$10 mln in 2027 and C$15 mln in 2029
Company plans to redeploy fleet in North America and pursue international contracts as conditions allow
Decision on advancing ORC program expected in Q3 2026 following independent review

Result Drivers
INTERNATIONAL PROJECT DELAYS - Co said longer sales cycles and postponed commissioning in Iraq drove revenue decline
LOW RENTAL UTILIZATION - Co said most rental units remained idle in Q2, hurting revenue
FIXED COSTS AND LEGAL FEES - Co said steady operating costs and increased legal/professional fees contributed to gross loss and negative adjusted EBITDA

Company press release: ID:nGNX8CN8CQ

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
 
C$239,880
 
Q2 Loss Per Basic Share
 
C$0.03
 

Analyst Coverage
The one available analyst rating on the shares is "hold"
The average consensus recommendation for the environmental services & equipment peer group is "buy."
Wall Street's median 12-month price target for Questor Technology Inc is C$0.45, about 9.8% above its August 27 closing price of C$0.41
The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 7 three months ago

Reuters Recommended Reads
Aug 25 - Canada's SHARC Energy Q2 revenue falls 68% on project timing; names interim CEO, CFO
Aug 27 - Canada's BQE Water Q2 revenue falls on absence of one-time sale
Aug 27 - Canada's EverGen infrastructure Q2 revenue rises on higher tipping, carbon credit sales

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)