CALGARY, Alberta, April 18, 2024 (GLOBE NEWSWIRE) -- Questor Technology Inc.("Questor” or the "Company”) (TSX-V: QST) announced today its financial and operating results for the fourth quarter and year ended December 31, 2023. Questor’s audited Condensed Consolidated Financial Statements and Management’s Discussion and Analysis for the year ended December 31, 2023 are available on the Company’s website at and at 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 December 31, 2023.
With regulator endorsements, ISO 14034 certification on our technology performance and a strong track record, Questor is in a great position to support its clients in this demanding regulatory environment.1 article titled "Leading crude oil importers worldwide in 2022”; August 29, 20232 ec.europa.eu, article titled "Crude oil imports and prices: changes in 2022”; March 28, 2023 3 ec.europa.eu, article titled "EU imports of energy products continued to drop in Q2, 2023”; September 25, 20234 article titled: India is now Europe’s largest supplier of refined fuels: Kplr; May 1, 2023 FORWARD LOOKING STATEMENTS Certain information in this news release constitutes forward-looking statements.
FOURTH QUARTER AND 2023 CONSOLIDATED FINANCIAL RESULTS Three months ended December 31, Twelve months ended December 31, For the2023 2022 2023 2022 (Stated in CDN $) Revenue 1,445,128 1,664,962 7,190,871 8,380,827 Gross profit 738,031 486,695 2,730,907 2,033,774 Loss for the period (891,982)(890,370)(4,806,412)(1,726,212)Loss per share - basic and diluted (0.03)(0.03)(0.17)(0.06) 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 Revenue for the three and twelve months ended December 31, 2023, has decreased by $0.2 million and $1.2 million compared to the same periods in 2022.
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