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Bullboard - Stock Discussion Forum Questor Technology Inc V.QST

Alternate Symbol(s):  QUTIF

Questor Technology Inc. is a Canada-based environmental emissions reduction technology company. The Company is focused on clean air technologies that improve air quality, support energy efficiency and greenhouse gas emission reductions. The Company designs, manufactures and services high efficiency clean combustion systems that destroy harmful pollutants, including Methane, Hydrogen Sulfide gas... see more

TSXV:QST - Post Discussion

Questor Technology Inc > treading wate......
View:
Post by Possibleidiot01 on Apr 18, 2024 7:57am

treading wate......

Results look Grim when you look at first , especially with NO increase in sales

As at         December 31, 2023     December 31, 2022  
(Stated in CDN $)        
Working capital (1)     11,844,178   15,005,682  
Total assets     27,125,820   33,872,553  
Total equity     24,357,652   29,194,788  

But basically it's a writedown of mothballed equipment -"During the twelve months ended December 31, 2023, the Company’s net asset value was greater than its market capitalization resulting in an impairment test being performed in accordance with IFRS. An impairment charge of $3.6 million was taken on non-financial assets resulting in an increase in the loss for the twelve months ended December 31, 2023, compared to 2022. The loss for the twelve months ended December 31, 2023, was also impacted by $0.1 million of termination payments, a $0.2 million signing bonus and $0.8 million of deferred tax valuation allowance.


Q3

"The Company continues to have a strong financial position at September 30, 2023 including cash and cash equivalents of $3.7 million, $9.6 million of highly liquid short-term investments and working capital of $12.5 million."

Q4

"The Company continues to have a strong financial position at December 31, 2023, including cash and cash equivalents of $4.3 million, $8.2 million of highly liquid short-term investments and working capital of $11.8 million.'

Liquidating some of those highly liquid short term investments to increase cash , buyback shares and pay one time items , termination payouts and signing bonuses.

So the company limps on using approximately $700 - 800,000 in cash over one quarter. Of note , as of April 16, 2024 under the current NCIB and the instructions in place with the broker, Questor purchased for cancellation 113,500 shares for the weighted average of $0.57.

Not tempted to buy back in ; no sales increase.



Comment by zrobertson on Apr 19, 2024 10:43am
Seems like the bottom is in on the share price. Another set of horrid results but no plunge this time around. 
Comment by mlmack66 on Apr 19, 2024 10:59am
I think it's the $60 million in international proposals they have sent out recently that is holding the price up. If they land even a small proportion of these we're off to the races. I first invested in this company when they won the $5 million contract in China over 10 years ago, stock took a big jump back then.
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