Questor Technology Third Quarter 2024 Earnings: Misses Expectations

Questor Technology (CVE:QST) Third Quarter 2024 Results

Key Financial Results

• Revenue: CA$1.14m (down 32% from 3Q 2023).
• Net loss: CA$589.6k (loss narrowed by 82% from 3Q 2023).
• CA$0.02 loss per share (improved from CA$0.12 loss in 3Q 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 40%. Earnings per share (EPS) also missed analyst estimates by 100%.

Looking ahead, revenue is forecast to grow 43% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Energy Services industry in Canada.

Performance of the Canadian Energy Services industry.

The company's shares are down 5.0% from a week ago.

Risk Analysis

Be aware that Questor Technology is showing 3 warning signs in our investment analysis and 2 of those are potentially serious...

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