Yahoo Finance Questor Technology Full Year 2023 Earnings: Misses Expectations
Questor Technology (CVE:QST) Full Year 2023 Results
Key Financial Results
Revenue: CA$7.19m (down 14% from FY 2022).
Net loss: CA$4.81m (loss widened by 178% from FY 2022).
CA$0.17 loss per share (further deteriorated from CA$0.062 loss in FY 2022).
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 7.2%. Earnings per share (EPS) also missed analyst estimates by 13%.
The primary driver behind last 12 months revenue was the United States segment contributing a total revenue of CA$4.39m (61% of total revenue). Notably, cost of sales worth CA$4.46m amounted to 62% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to CA$3.71m (49% of total expenses). Explore how QST's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 9.5% decline forecast for the Energy Services industry in Canada.
Performance of the Canadian Energy Services industry.
The company's shares are up 1.6% from a week ago.
Risk Analysis
What about risks? Every company has them, and we've spotted 2 warning signs for Questor Technology (of which 1 can't be ignored!) you should know about.
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