Questor Technology Full Year 2023 Earnings: Misses Expectations

Questor Technology (CVE:QST) Full Year 2023 Results

Key Financial Results

• Revenue: CA$7.19m (down 14% from FY 2022).
• Net loss: CA$4.81m (loss widened by 178% from FY 2022).
• CA$0.17 loss per share (further deteriorated from CA$0.062 loss in FY 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Questor Technology Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 7.2%. Earnings per share (EPS) also missed analyst estimates by 13%.

Looking ahead, revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 9.7% decline forecast for the Energy Services industry in Canada.

Performance of the Canadian Energy Services industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

Before we wrap up, we've discovered 2 warning signs for Questor Technology (1 shouldn't be ignored!) that you should be aware of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.