CALGARY, Alberta, May 21, 2026 (GLOBE NEWSWIRE) -- Questor Technology Inc. (“Questor” or the “Company”) (TSX-V: QST) announced today its financial and operating results for the first quarter ended March 31, 2026. Questor’s unaudited Condensed Consolidated Financial Statements and Management’s Discussion and Analysis for the quarter ended March 31, 2026, are available on the Company’s website at ww...
CALGARY, Alberta, May 21, 2026 (GLOBE NEWSWIRE) -- Questor Technology Inc. (“Questor” or the “Company”) (TSX-V: QST) announced today its financial and operating results for the first quarter ended March 31, 2026. Questor’s unaudited Condensed Consolidated Financial Statements and Management’s Discussion and Analysis for the quarter ended March 31, 2026, are available on the Company’s website at www.questortech.com/investors and at www.sedarplus.ca. Unless otherwise noted, all financial figures are presented in Canadian dollars, prepared in accordance with International Financial Reporting Standards and are unaudited for the three months ended March 31, 2026, and March 31, 2025. FIRST QUARTER 2026 FINANCIAL RESULTS For the three months ending March 31, 2026 2025 (Stated in CDN $) Revenue 499,308 2,359,287 Gross profit 55,952 1,179,892 Adjusted EBITDA(1) 177,861 475,652 Profit (loss) for the period (114,704 ) 350,179 Profit (loss) per share – basic and diluted(2) (0.004 ) 0.013 As at March 31, 2026 December 31, 2025 (Stated in CDN $) Working capital(3) 3,899,550 3,877,399 Total assets 22,219,441 22,726,153 Total equity 19,689,314 19,717,988 (1) Adjusted EBITDA is defined as net income or loss for the period less interest, taxes, depreciation and amortization, foreign exchange losses (gains), non-cash stock-based compensation, impairment charges and gains and losses that are extraordinary or non-recurring. (2) Effective March 31, 2026, the Company increased the precision of its earnings per share presentation to three decimal places from two, to provide greater transparency. (3) Working capital is defined as total current assets less total current liabilities. Total revenue for the three months ended March 31, 2026 has decreased by $1.9 million compared to the same period in 2025. The overall decrease in revenue was primarily driven by longer sales cycles for international projects and low utilization of the rental units. Commissioning of clean combustion units deliver...