THIRD QUARTER 2024 FINANCIAL RESULTS Three months ended September 30,Nine months ended September 30,For the 2024 2023 2024 2023 (Stated in CDN $) Revenue1,142,710 1,690,390 2,744,688 5,745,743 Gross profit383,574 442,655 638,005 1,992,876 Adjusted EBITDA (1)(256,475)(97,666)(1,455,698)336,244 Loss for the period(589,599)(3,237,785)(2,192,604)(3,914,430)Loss per share - basic and diluted(0.02)(0.12)(0.08)(0.14) As at September 30, 2024December 31, 2023(Stated in CDN $) Working capital (2) 6,344,001 11,844,178 Total assets 26,498,234 27,125,820 Total equity 22,092,285 24,357,652 (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, impairment charges and gains and losses that are extraordinary or non-recurring. (2) Working capital is defined as total current assets less total current liabilities.
CALGARY, Alberta, Nov.26, 2024 (GLOBE NEWSWIRE) -- Questor Technology Inc.("Questor” or the "Company”) (TSX-V: QST) announced today its financial and operating results for the third quarter ended September 30, 2024. Questor’s unaudited Condensed Consolidated Financial Statements and Management’s Discussion and Analysis for the quarter ended September 30, 2024, are available on the Company’s website at 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 nine months ended September 30, 2024, and September 30, 2023.
THIRD QUARTER 2024 HIGHLIGHTS AND SUBSEQUENT EVENTS In the quarter, Questor announced a purchase order for $1 million to an energy company in Nigeria, and subsequently announced another purchase order for $1.7 million to a global energy services company in Libya in November.
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