Questor Technology (TSE:QST) has released an update.
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Questor Technology Inc. reported a decrease in revenue and an increase in gross profit for the year ended December 31, 2023, while also facing a larger annual loss due to impairment charges. Despite decreased equipment sales, the company saw improved rental revenue and maintains a strong financial position with significant working capital and liquid assets. Questor is also advancing with the development of a prototype for a new waste heat to power unit, with testing expected to start in 2024.
For further insights into TSE:QST stock, check out TipRanks’ Stock Analysis page.