Quisitive Technology Solutions, Inc. (CVE:QUIS) About To Shift From Loss To Profit

With the business potentially at an important milestone, we thought we'd take a closer look at Quisitive Technology Solutions, Inc.'s (CVE:QUIS) future prospects. Quisitive Technology Solutions, Inc., through its subsidiaries, provides Microsoft solutions primarily in North America. The company’s loss has recently broadened since it announced a US$8.4m loss in the full financial year, compared to the latest trailing-twelve-month loss of US$11m, moving it further away from breakeven. Many investors are wondering about the rate at which Quisitive Technology Solutions will turn a profit, with the big question being “when will the company breakeven?” Below we will provide a high-level summary of the industry analysts’ expectations for the company.

View our latest analysis for Quisitive Technology Solutions

According to the 8 industry analysts covering Quisitive Technology Solutions, the consensus is that breakeven is near. They anticipate the company to incur a final loss in 2023, before generating positive profits of US$7.6m in 2024. So, the company is predicted to breakeven approximately a year from now or less! How fast will the company have to grow to reach the consensus forecasts that anticipate breakeven by 2024? Working backwards from analyst estimates, it turns out that they expect the company to grow 117% year-on-year, on average, which signals high confidence from analysts. Should the business grow at a slower rate, it will become profitable at a later date than expected.

We're not going to go through company-specific developments for Quisitive Technology Solutions given that this is a high-level summary, however, keep in mind that generally a high forecast growth rate is not unusual for a company that is currently undergoing an investment period.

One thing we’d like to point out is that The company has managed its capital judiciously, with debt making up 35% of equity. This means that it has predominantly funded its operations from equity capital, and its low debt obligation reduces the risk around investing in the loss-making company.

Next Steps:

There are too many aspects of Quisitive Technology Solutions to cover in one brief article, but the key fundamentals for the company can all be found in one place – Quisitive Technology Solutions' company page on Simply Wall St. We've also put together a list of pertinent aspects you should further research:

1. Valuation: What is Quisitive Technology Solutions worth today? Has the future growth potential already been factored into the price? The intrinsic value infographic in our free research report helps visualize whether Quisitive Technology Solutions is currently mispriced by the market.
2. Management Team: An experienced management team on the helm increases our confidence in the business – take a look at who sits on Quisitive Technology Solutions’s board and the CEO’s background.
3. Other High-Performing Stocks: Are there other stocks that provide better prospects with proven track records? Explore our free list of these great stocks here.

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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.