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Questor Technology
(QST)
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Rating:48Neutral
Price Target:
C$0.26
▼(-35.75% Downside)
Action:Reiterated
Date:10/27/26
The score is held back primarily by deteriorating TTM financial performance (sharp revenue decline, negative margins, and renewed cash burn) despite a strong low-debt balance sheet. Technicals are also a drag with the stock below key longer-term moving averages and negative MACD, while valuation is constrained by ongoing losses (negative P/E) and no indicated dividend yield.
Positive Factors
Low leverage
Very low leverage gives Questor meaningful financial flexibility and reduces refinancing pressure while it works through operating volatility. A lightly leveraged balance sheet can preserve the ability to fund projects, absorb weak periods, and avoid having interest obligations compound its current earnings challenges.
Negative Factors
Sharp revenue contraction
The steep TTM revenue decline indicates that customer activity or project conversion has not been dependable recently. Sustained top-line weakness can reduce operating leverage, limit reinvestment capacity, and make it harder for Questor to spread fixed costs across a growing revenue base.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage
Very low leverage gives Questor meaningful financial flexibility and reduces refinancing pressure while it works through operating volatility. A lightly leveraged balance sheet can preserve the ability to fund projects, absorb weak periods, and avoid having interest obligations compound its current earnings challenges.
Read all positive factors
Questor Technology (QST) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$7.50M
Dividend YieldN/A
Average Volume (3M)23.45K
Price to Earnings (P/E)―
Beta (1Y)1.08
Revenue Growth-74.07%
EPS Growth-251.51%
CountryCA
Employees25
SectorGeneral
Sector StrengthN/A
IndustryIndustrial - Pollution & Treatment Controls
Share Statistics
EPS (TTM)-0.12
Shares Outstanding27,773,123
10 Day Avg. Volume37,351
30 Day Avg. Volume23,446
Financial Highlights & Ratios
PEG Ratio0.13
Price to Book (P/B)0.56
Price to Sales (P/S)1.62
P/FCF Ratio11.03
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)-0.02
Revenue Forecast (FY)C$4.30M
Questor Technology Business Overview & Revenue Model
Company Description
Questor Technology Inc. is an environmental solutions provider dedicated to minimizing emissions. The company engineers, produces, and maintains advanced waste gas combustion systems, which it also offers for rental. Its operations span Canada and...
Questor Technology Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
76
Positive
Cash Flow
34
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.15M | 6.80M | 4.52M | 7.19M | 8.38M | 5.50M |
| Gross Profit | -379.66K | 2.57M | 1.23M | 2.73M | 2.03M | -999.21K |
| EBITDA | -2.97M | -322.01K | -1.47M | 544.96K | -64.56K | -2.77M |
| Net Income | -3.23M | -1.62M | -3.23M | -4.81M | -1.73M | -3.99M |
Balance Sheet | ||||||
| Total Assets | 21.43M | 22.73M | 24.09M | 27.13M | 33.87M | 35.05M |
| Cash, Cash Equivalents and Short-Term Investments | 5.01M | 4.21M | 6.93M | 12.51M | 15.20M | 14.66M |
| Total Debt | 761.46K | 849.96K | 1.24M | 826.65K | 1.02M | 623.60K |
| Total Liabilities | 2.47M | 3.01M | 2.98M | 2.77M | 4.68M | 4.57M |
| Stockholders Equity | 18.96M | 19.72M | 21.11M | 24.36M | 29.19M | 30.48M |
Cash Flow | ||||||
| Free Cash Flow | -1.66M | 1.00M | -6.38M | -2.47M | -144.92K | -1.76M |
| Operating Cash Flow | -1.47M | 1.18M | -1.84M | 149.10K | 1.52M | -1.13M |
| Investing Cash Flow | -2.23M | -2.52M | 2.24M | -4.12M | -7.90M | -601.84K |
| Financing Cash Flow | 1.48M | -568.62K | 472.36K | -621.33K | 637.82K | 87.54K |
Questor Technology Technical Analysis
Positive
0.40
Price Trends
0.28
Negative
0.27
Negative
0.30
Negative
Market Momentum
>-0.01
Negative
55.57
Neutral
50.98
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:QST, the sentiment is Positive. The current price of 0.4 is above the 20-day moving average (MA) of 0.25, above the 50-day MA of 0.28, and above the 200-day MA of 0.30, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 55.57 is Neutral, neither overbought nor oversold. The STOCH value of 50.98 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:QST.
Questor Technology Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | C$25.65M | 31.91 | 16.53% | ― | 16.89% | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
49 Neutral | C$27.96M | -6.43 | -18.95% | ― | 5.01% | -3122.22% | |
48 Neutral | C$7.50M | -2.32 | -16.34% | ― | -74.07% | -251.51% | |
47 Neutral | C$6.98M | -1.68 | -52.24% | ― | ― | ― | |
43 Neutral | C$14.04M | -3.92 | 109.61% | ― | -21.35% | 12.15% |
* General Sector Average
TSE:QST
Questor Technology
0.27
-0.22
-45.45%
TSE:SHRC
Sharc International Systems Inc
0.09
<0.01
6.25%
TSE:TMG
Thermal Energy International
0.15
0.02
20.00%
TSE:GRN
Greenlane Renewables Inc
0.18
-0.09
-32.69%
TSE:RGEN
Delta Cleantech
0.06
>-0.01
-8.33%
Questor Technology Corporate Events
Business Operations and StrategyExecutive/Board ChangesShareholder Meetings
Questor Brings Back Veteran CEO Mascarenhas as New Board Targets Renewed Growth
Positive
Oct 27, 2026
Questor Technology has reinstated long-time executive Audrey Mascarenhas as president and chief executive officer, replacing interim CEO Mike Lindsay and signaling a return to experienced leadership in its clean combustion and emissions reduction ...
Business Operations and StrategyExecutive/Board Changes
Questor advances global rollout of clean combustion fleet and deepens Mexico strategy
Positive
Sep 4, 2026
Questor Technology has reported strong progress on its Phase III shareholder value creation plan, aligning a 109-unit clean combustion fleet for rental and international sale and minimizing cross-border logistics constraints. The company’s s...
Business Operations and StrategyFinancial DisclosuresLegal ProceedingsPrivate Placements and Financing
Questor hit by revenue slump and delays but wins funding for heat-to-power push
Negative
Aug 28, 2026
Questor Technology reported a sharp decline in second-quarter 2026 revenue to $0.2 million from $3.0 million a year earlier, swinging to a gross loss and net loss as international sales cycles lengthened, rental unit utilization remained low, and ...
Business Operations and StrategyPrivate Placements and Financing
Questor Secures Final NRC IRAP Funding for 1,500 kW Waste-Heat Power Project
Positive
Aug 27, 2026
Questor Technology has secured the final $305,060 funding tranche from the National Research Council of Canada’s Industrial Research Assistance Program to support development of its 1,500 kW Organic Rankine Cycle heat-to-power system. This b...
Business Operations and StrategyLegal ProceedingsM&A Transactions
Questor Moves to Acquire Emission Rx in Waste Gas Combustion Push
Positive
Aug 20, 2026
Questor Technology has signed a non‑binding letter of intent to acquire privately held Emission Rx Ltd., a Calgary waste gas combustion service provider, in a deal that would also secure fabrication capabilities through Emission Rx’s r...
Business Operations and StrategyShareholder Meetings
Questor Sharpening Growth Plan as It Brings in Roth for Strategic Review
Positive
Aug 17, 2026
Questor Technology has outlined the next phase of its refreshed strategy and shareholder value creation plan, emphasizing a capital-disciplined approach to redeploying its existing emissions reduction fleet in North American and international mark...
Business Operations and StrategyExecutive/Board ChangesLegal ProceedingsShareholder Meetings
Questor Board Urges Support for Growth Plan in High-Stakes Shareholder Vote
Negative
Aug 11, 2026
Questor Technology has issued a letter to shareholders and filed its management information circular ahead of its September 9 annual meeting, framing the vote as a decisive choice over the company’s future direction. Following the April 2026...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.