Questor Technology (QST) AI Stock Analysis

• Market Cap: C$11.94M
• Dividend Yield: N/A
• Average Volume (3M): 30.89K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.28
• Revenue Growth: 87.15%
• EPS Growth: 47.74%
• Country: CA
• Employees: N/A
• Sector: Energy
• Sector Strength: 52
• Industry: Industrial - Pollution & Treatment Controls
• EPS (TTM): -0.05
• Shares Outstanding: 27,773,123
• 10 Day Avg. Volume: 46,026
• 30 Day Avg. Volume: 30,889
• PEG Ratio: 0.12
• Price to Book (P/B): 0.53
• Price to Sales (P/S): 2.46
• P/FCF Ratio: -1.74
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 45 Neutral
• Price Target: C$0.42 ▼(-12.71% Downside)

Questor Technology's overall stock score is primarily impacted by its weak financial performance, characterized by declining revenues and persistent losses. Technical analysis provides some short-term positive momentum, but the negative MACD suggests caution. Valuation remains challenging with a negative P/E ratio and no dividend yield, further weighing on the stock's attractiveness.

Positive Factors

Proprietary technology and niche positioning

Questor's patented combustion units create a durable competitive advantage in oil & gas waste management. Patents and specialized know‑how raise barriers to entry, support long-term contract wins with majors, and anchor recurring service demand and licensing opportunities.

Recurring service and energy‑monetization revenue streams

A revenue mix including leases, service contracts and energy revenue‑sharing generates recurring cash flows and aligns incentives with clients. Durable service revenue supports margin stability, higher lifetime customer value, and smoother revenues across project cycles.

Low financial leverage

Very low leverage provides financial flexibility to invest in R&D, deploy equipment, and weather oil & gas cyclicality without heavy interest burdens. This balance sheet strength reduces insolvency risk and supports longer runway for commercialization efforts.

Negative Factors

Negative free cash flow trends

Material negative FCF and weak cash conversion limit the firm's ability to fund operations and capital needs internally. Over months this forces reliance on external financing, dilutes shareholder value, and constrains capacity to scale installations or maintain service levels.

Sustained net losses and negative margins

Persistent net losses and a negative net margin indicate the business has not achieved profitable unit economics. Without margin recovery, long‑term reinvestment and R&D funding are impaired and the company risks capital depletion despite revenue streams.

Recent revenue decline

A year‑over‑period revenue decline signals challenges in sales execution or market penetration. If the trend persists, it undermines economies of scale, weakens pricing leverage, and lengthens the path to profitable scale in a capital‑intensive industrial market.

Questor Technology Business Overview & Revenue Model

Company Description

Questor Technology Inc. (QST) is a Canadian company specializing in innovative waste management and energy solutions. The company operates primarily in the oil and gas sector, providing advanced technology for the efficient and environmentally friendly combustion of waste gases. Questor's core products and services include their patented combustion units that reduce emissions and recover energy from waste, as well as consulting services related to waste management optimization.

How the Company Makes Money

Questor Technology generates revenue through the sale and leasing of its patented combustion units and associated technologies to clients in the oil and gas industry. The company also earns money through service contracts that include installation, maintenance, and consulting for waste management systems. Key revenue streams include the sale of equipment and technology solutions, recurring service fees, and potentially revenue-sharing agreements with clients that monetize the energy recovered from waste gases. Significant partnerships with major oil and gas companies and regulatory compliance initiatives further contribute to its earnings by enhancing market demand for efficient waste management solutions.

Questor Technology Financial Statement Overview

Summary

Questor Technology shows strong revenue growth but struggles with profitability and cash flow management. The balance sheet is stable with low leverage, but the company needs to improve its return on equity and cash flow generation.

Income Statement

Questor Technology's income statement shows a mixed performance. The TTM (Trailing-Twelve-Months) revenue growth rate is strong at 35.01%, indicating a positive trend in sales. However, profitability remains a concern with negative net profit and EBIT margins, suggesting ongoing operational challenges. The gross profit margin has improved to 45.16% in TTM, reflecting better cost management compared to previous periods.

Balance Sheet

The balance sheet is relatively stable with a low debt-to-equity ratio of 0.046, indicating conservative leverage. However, the return on equity remains negative, highlighting profitability issues. The equity ratio is healthy, suggesting a strong capital structure, but the company needs to improve its return on equity to enhance shareholder value.

Cash Flow

Cash flow analysis reveals significant challenges. The free cash flow growth rate is negative, and the free cash flow to net income ratio is concerning at -1.91 in TTM, indicating cash flow issues relative to earnings. The operating cash flow to net income ratio is below 1, suggesting inefficiencies in converting earnings into cash.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	7.84M	4.52M	7.19M	8.38M	5.50M	9.21M
Gross Profit	3.18M	1.23M	2.73M	2.03M	-999.21K	1.81M
EBITDA	342.14K	-1.47M	544.96K	-64.56K	-2.77M	496.75K
Net Income	-1.59M	-3.23M	-4.81M	-1.73M	-3.99M	-1.83M
Balance Sheet
Total Assets	23.48M	24.09M	27.13M	33.87M	35.05M	38.01M
Cash, Cash Equivalents and Short-Term Investments	5.25M	6.93M	12.51M	15.20M	14.66M	16.31M
Total Debt	895.20K	1.24M	826.65K	536.89K	623.60K	446.37K
Total Liabilities	2.77M	2.98M	2.77M	4.68M	4.57M	4.03M
Stockholders Equity	20.71M	21.11M	24.36M	29.19M	30.48M	33.99M
Cash Flow
Free Cash Flow	-1.13M	-6.38M	-2.47M	-144.92K	-1.76M	2.16M
Operating Cash Flow	574.23K	-1.84M	149.10K	1.52M	-1.13M	2.31M
Investing Cash Flow	-1.87M	2.24M	-4.12M	-7.90M	-601.84K	-142.01K
Financing Cash Flow	758.36K	472.36K	-621.33K	637.82K	87.54K	920.80K

Questor Technology Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.48
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:QST, the sentiment is Positive. The current price of 0.48 is above the 20-day moving average (MA) of 0.41, above the 50-day MA of 0.42, and above the 200-day MA of 0.44, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 54.48 is Neutral, neither overbought nor oversold. The STOCH value of 57.58 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:QST.

Questor Technology Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
GRN	63 Neutral	C$37.13M	15.67	10.00%	―	-30.45%	―
DST	47 Neutral	C$14.77M	-2.39	―	―	-27.49%	-32.97%
RGEN	47 Neutral	C$3.81M	-0.89	―	―	―	―
QST	45 Neutral	C$11.94M	-7.45	-7.42%	―	87.15%	47.74%
TMG	45 Neutral	C$25.71M	-500.00	-1.51%	―	-3.45%	-104.92%
SHRC	42 Neutral	C$13.13M	-3.35	―	―	14.18%	-29.19%

Questor Technology Corporate Events

Questor Technology Reports Mixed Q3 Results Amid International Expansion

Questor Technology Inc. reported its third-quarter financial results for 2025, revealing a decline in quarterly revenue compared to the previous year due to longer sales cycles and commissioning delays in international projects. Despite this, the company achieved significant revenue growth over the nine-month period, driven by international equipment sales and a focus on cost management. Questor is also progressing with the construction of a waste heat to power prototype and has secured a $9 million contract for clean combustion solutions in Mexico, which is expected to enhance its market position and contribute to environmental sustainability efforts.

The most recent analyst rating on (TSE:QST) stock is a Hold with a C$0.50 price target. To see the full list of analyst forecasts on Questor Technology stock, see the TSE:QST Stock Forecast page.