Saturday, May 25, 2024

Questor Technology Posts Q1 Financial Dip – TipRanks.com

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Questor Technology (TSE:QST) has released an update.

Questor Technology Inc. reports a significant decrease in first quarter revenue and gross profit for 2024, citing timing differences in project and rental start dates as the main reason. Despite a quarterly loss, the company maintains a strong financial position with $4.1 million in cash and $7.2 million in short-term investments. Questor is also advancing the construction of a new waste heat to power unit and has implemented a Normal-course issuer bid to purchase shares for cancellation.

For further insights into TSE:QST stock, check out TipRanks’ Stock Analysis page.

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