Questor Technology Inc V.QST

Lets see what happens Monday morning???

[Angles]

Here is the forecast. “Positive one cent earnings. Sales of just under $2 million.”

 

Release Date	Period End	EPS	/  Forecast	Revenue	/  Forecast
Aug 16, 2022	06/2022	--	/  0.01	--	/  2.9M
May 30, 2022	03/2022	--	/  0.01	--	/  1.9M
Apr 13, 2022	12/2021	-0.06	/  -0.03	1.13M	/  1.85M
Nov 15, 2021	09/2021	-0.02	/  -0.03	1.64M	/  1M
Aug 16, 2021	06/2021	-0.03	/  -0.03	1.18M	/  1.97M
May 17, 2021	03/2021	-0.03	/  -0.01	1.55M	/  2.58M

Not sure if there is, anyway, they can beat it, but that would be what I need to re-enter as a shareholder.

I note they have reported 7 consecutive quarters of losses prior to this upcoming earnings report for a total loss of $0.21 per share, along with only one previous quarter over $2 million in sales. And with no positive forecast!!! Again, I further note the forecast for the second quarter calls for sales of almost three million in revenue. That would be good.

However, what has been discussed many, many times before, is we really need to hear about higher rental income, more and different types of service income coming in and a real good future positive sale forecast. I don’t want to hear a rosy scenario painted by Audrey about the world methane macro picture and some crazy $3 billion fix that is never going to come about. I want to see positive proof something is happening and has been accomplished at Questor Technology, before I ever come back in.

I am not sure who is handling their rental sales placements, but they have done a HORRIBLE JOB to date and this needs to be the first major correction done to get this company back on track! With a replacement value of well over $30,000,000, the 120+ rental fleet must start yielding positive income, not just rust away in high cost storage yards. I also note the total market capital of the company is only approximately the same as this replacement value for their rental units and trailers. So, what is that saying about the rest of the company???

All comments and opinions are welcome.

Lets see what happens Monday morning???
 
Angles
 
Forecast obtaining from Investing.com

[Daudau11]

Thanks for posting these estimates.  I really hope they have gotten some of their rental business back now if not idk what when if ever they will.  I also agree that stating how $3 billion dollar fix won't do any good... we need real progress/results not just rosy talk about the future.  GLTA.

[Angles]

Hi everyone; While it is a miss on profits (just barely) but a hit on sales, I too like what I read. Good to hear things are starting to pick up. Clearing up the old things (Mexico) and working on many more new things (new technologies coming into play faster, services, quoting and orders). However, I wish they could address the rental issue faster and more strongly. Not sure what I am going to

[AlbertaBLE]

Question and observation Question - Do they publish their rental fleet stats?  Number of units, Number of units rented, etc? Observation - I see a word used twice - "Significantly".  Used once in the YoY compare, and more importantly about the companies reaching out for solotions.  Now those interests need to turn into orders

[Angles]

To: AlbertaBLE I will attempt to answer the great questions you bring up, as best I can.   Do they publish their rental fleet stats: I really wish they would, but they are probably too embarrassed currently to do so? In the good times, we heard about their super high utilization rates and the need to expand the rental fleet. Remember, this was their largest source of income and PROFITS that

[laurencelefou]

I agree with Angles analysis.   According to my notes, at the end of 2018, Questor had 81 units.  73 were classified as having a rental revenue capacity. Looking at note 3 Property and Equipment, the cost of rental incinerators and trailers at the end of 2018 was $16,759,000.  I am not sure if there is a trailer for every incinerator. 2018-12-31 $16