Questor management says Q2 2026 earnings slide on postponed Iraq commissioning, low rental fleet utilization

Reuters2026/08/28 12:54

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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: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Questor Technology Inc. published the original content used to generate this news brief on August 28, 2026, and is solely responsible for the information contained therein.

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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Questor management says Q2 2026 earnings slide on postponed Iraq commissioning, low rental fleet utilization

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