CALGARY, Alberta, April 16, 2025 (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, 2024. Questor’s audited Condensed Consolidated Financial Statements and Management’s Discussion and Analysis for the year ended December 31, 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 months ended December 31, 2024.
The Company continues to have a strong financial position at December 31, 2024 including cash and cash equivalents of $5.3 million, $1.7 million of highly liquid short-term investments, and working capital of $7.6 million.2024 HIGHLIGHTS AND SUBSEQUENT EVENTS In the fourth quarter of 2024, Questor received the final payment of $1,393,246 for the milestone one of the Waste Heat to Power project from Sustainable Development Technology Canada ("SDTC”).
The reduction for the twelve and three months ended December 31, 2024 compared to the prior periods is mainly due to a lower revenue, where the Company continues to incur fixed costs and due to the revenue and sales mix.
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