Questar Technology (CVE:QST) Q2 2024 Earnings
Key Financial Results
Revenue: CA$870.4k (down 61% from Q2'23).
Net loss: CA$966.2k (loss widens 93% from 2Q23).
Loss of C$0.03 per share (worsening from a loss of C$0.018 in Q2'23).
Earnings and Revenue History
All figures shown in the chart above are for the trailing twelve month (TTM) period.
Quester Technology's sales and profits fall short of expectations
Revenues were 50% below analyst expectations, and earnings per share (EPS) were 200% below analyst expectations.
Looking ahead, revenues are expected to grow by an average of 36% over the next three years, while the Canadian energy services industry is expected to experience a decline of 5.5%.
Performance of Canada's energy services industry.
The company's shares are down 3.4% from a week ago.
Risk Analysis
What about risks? Every company has risks, and we've spotted 4 warning signs for Questor Technology (of which 1 shouldn't be ignored!) you should be aware of.
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This article by Simply Wall St is of general nature. We provide commentary based on historical data and analyst forecasts using only unbiased methodology, and our articles are not intended as financial advice. It is not a recommendation to buy or sell a stock, and does not take into account your objectives or financial situation. We aim to provide long-term analysis driven by fundamental data. Please note that our analysis may not take into account the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any of the stocks mentioned herein.
