Questor Technology (QST) Q1 2025 earnings summary

Executive summary

• Q1 revenue rose to $2.36M from $0.73M YoY, with positive Adjusted EBITDA of $0.48M versus a $0.48M loss; net income was $0.35M.

• Growth was driven primarily by international equipment sales, supporting a strategy to diversify revenue globally.

Financial highlights

• Revenue was $2,359,287, up $1.6M YoY; gross profit increased to $1,179,892 from $212,275.

• Adjusted EBITDA was $475,652 versus negative $477,583 YoY; profit was $350,179 versus a $636,759 loss.

• Basic and diluted EPS was $0.01 versus negative $0.02 in Q1 2024.

Outlook and guidance

• $1.7M of committed equipment sales revenue was secured as of the release date, with fulfillment expected in Q2 2025.

• The 1,500 kW waste-heat-to-power prototype was nearing completion, with final testing underway; commissioning is scheduled for Q2 and field deployment expected in H2 2025.

• The Iraq Q5000 unit is expected to treat 2.1 MMSCFD during its pilot phase, then an additional 1.2–2 MMSCFD of low-pressure gas.