Picture of Questor Technology logo

QST Questor Technology News Story

0.000.00%
ca flag iconLast trade - 00:00
IndustrialsAdventurousMicro CapNeutral

Clean-air technology firm Questor's Q3 revenue falls on sales delays

Overview

Questor Q3 revenue declined yr/yr due to longer sales cycles and commissioning delays

Adjusted EBITDA for Q3 was negative, reflecting lower sales and rental activity

Company secured C$9 mln contract in Mexico for clean combustion solutions

Outlook

Questor plans to scale rental-fleet capacity to meet global demand efficiently

Company aims to expand international presence through strategic partnerships

Questor focuses on integrating energy recovery for emissions reduction and power generation

Result Drivers

LONGER SALES CYCLES - Q3 revenue decline attributed to extended sales cycles for international projects and commissioning delays in Mexico

INTERNATIONAL SALES GROWTH - Nine-month revenue increase driven by growth in international equipment sales

FIXED COST PRESSURE - Negative Q3 gross profit margin due to consistent fixed operating costs amid lower sales volumes

Key Details

MetricBeat/MissActualConsensus Estimate
Q3 Basic EPS-C$0.05
Analyst Coverage The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell" 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$0.78, about 40.6% above its November 18 closing price of C$0.46 The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 18 three months ago Press Release: ID:nGNX69FkBY For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com. (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.)

Recent news on Questor Technology

See all news