Questor management says Q2 2026 earnings slide on postponed Iraq commissioning, low rental fleet utilization
Reuters2026/08/28 12:54- Questor management commentary flagged weak Q2 2026 results, with revenue at CDN 239,880, gross loss of CDN 260,139, net loss of CDN 780,287.
- Performance tied to longer international sales cycles, low rental fleet utilization, deferred Iraq unit commissioning into Q3 due to project slippage.
- Adjusted EBITDA fell to negative CDN 535,896, reflecting lower revenue, steady operating costs, higher legal and professional fees tied to governance disputes.
- Cash recoveries of about CDN 1.4 million from Emission Rx litigation, NRC funding of CDN 200,000, partly offset cost pressure in the period.
- Management pointed to idle North American rentals as a key drag, describing execution and deployment focus as the main near-term fix.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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