Questor Technology Second Quarter 2024 Earnings: Misses Expectations

Questor Technology (CVE:QST) Second Quarter 2024 Results

Key Financial Results

• Revenue: CA$870.4k (down 61% from 2Q 2023).
• Net loss: CA$966.2k (loss widened by 93% from 2Q 2023).
• CA$0.03 loss per share (further deteriorated from CA$0.018 loss in 2Q 2023).

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 50%. Earnings per share (EPS) also missed analyst estimates by 200%.

Looking ahead, revenue is forecast to grow 36% p.a. on average during the next 3 years, compared to a 5.5% decline forecast for the Energy Services industry in Canada.

Performance of the Canadian Energy Services industry.

The company's shares are down 3.4% from a week ago.

Risk Analysis

You should learn about the 4 warning signs we've spotted with Questor Technology (including 1 which is a bit unpleasant).

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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.