Questor Technology (TSE:QST) recently announced its financial performance for the first quarter of 2024, revealing a significant decrease in revenue and gross profit compared to the same period last year. The company attributed this decline to timing differences in project and rental start dates.
Despite the quarterly loss, Questor remains financially stable, with $4.1 million in cash and $7.2 million in short-term investments. The company is currently constructing a new waste heat to power unit and has also initiated a Normal-course issuer bid to purchase shares for cancellation.
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