23:20:15 EDT Fri 17 May 2024
Enter Symbol
or Name
USA
CA



Questor Technology Inc
Symbol QST
Shares Issued 28,033,441
Close 2023-11-24 C$ 0.76
Market Cap C$ 21,305,415
Recent Sedar Documents

Globe says Acumen's Reynolds keeps Questor at "buy"

2023-11-24 07:36 ET - In the News

The Globe and Mail reports in its Friday, Nov. 24, edition that Acumen Capital analyst Trevor Reynolds has reaffirmed his "buy" recommendation for Questor. The Globe's David Leeder writes that Mr. Reynolds cut his share target back by a dime to $1. Analysts on average target the shares at $1.07. Mr. Reynolds sees the revenue outlook for Questor remaining "uncertain" given uncertainty surrounding the timing of international sales, which has been a key focus in recent quarters. Mr. Reynolds says in a note: "With little clarity or guidance on when expected sales will materialize our estimates are heavily reliant on news flow. If successful, the sales do have the potential to materially change our outlook." The company designs and manufacturers highly efficient waste gas incinerators for both sale and rental. It reported third quarter results that fell short of expectations. Revenue of $1.7-million was in line year-over-year but missed both Mr. Reynolds's $2.2-million estimate and the consensus forecast of $2.1-million as "marginal improvements in rentals and service/repair were offset by a decline in sales." An earnings per share loss of 12 cents was higher than the analyst's projection of a two-cent loss.

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