Post by
Possibleidiot01 on Nov 26, 2024 7:27am
Q3
Worse continues.
"The reduction is mainly attributed to a strategic shift in Questor’s business focus towards the international equipment sales. Questor’s USA sales team has been hired in the past quarter with a focus on rebuilding rental and sales revenue lost primarily due to merger and acquisition activity combined with regulatory changes in the space over the past few years."
As in having lost the local market .... shift international.
Not expected to get better.
"As at the date of this press release, the Company has secured $2.7 million of committed equipment sales revenue, expected to be fulfilled in Q4 2024 and Q1 2025."
Comment by
colourama on Nov 26, 2024 6:48pm
The working capital seems to be depleting rapidly: Q4 2023: $11.8 million Q1 $10.6 million Q2 $7.8 million Q3 $6.3 million "Questor’s USA sales team has been hired in the past quarter with a focus on rebuilding rental and sales revenue" ... why are they doing that just now? Shouldn't they have done that about 3 or 4 years ago?