SECOND QUARTER 2024 FINANCIAL RESULTS Three months ended June 30,Six months ended June 30,For the2024202320242023(Stated in CDN $) Revenue870,3602,216,5781,601,9784,055,353Gross profit42,156807,705254,4311,550,221Adjusted EBITDA(1)(721,640)205,289(1,199,225)433,911Loss for the period(966,246)(501,777)(1,603,005)(676,645)Loss per share - basic and diluted(0.03)(0.02)(0.06)(0.02) As at June 30, 2024December 31, 2023(Stated in CDN $) Working capital (2)7,837,55611,844,178Total assets26,925,85127,125,820Total equity22,716,29124,357,652 (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, and gains and losses that are extraordinary or non-recurring.(2) Working capital is defined as total current assets less total current liabilities.
The purchase orders received by Questor in the second quarter, totalling approximately $1.5 million, are the result of a multi-year strategy of positioning Questor to be an indispensable solution for our clients in honouring their commitment to zero routine flaring by 2030 and cutting global methane emissions by at least 30% from 2020 levels by 2030.
Questor’s unaudited Condensed Consolidated Financial Statements and Management’s Discussion and Analysis for the quarter ended June 30, 2024, 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 and six months ended June 30, 2024, and June 30, 2023.
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