News Events Media

QuestAir Reports First Quarter 2007 Results

QuestAir Technologies Inc. (“QuestAir” or “the Company”) (TSX:QAR)(AIM:QAR) reported today its unaudited financial and operational results for the first quarter of fiscal 2007 (“FY07″), ended December 31, 2006. All amounts are in Canadian dollars unless otherwise noted. First Quarter Highlights – Revenues of $1.6 million for the quarter, increased by 89% compared to Q1 FY06. QuestAir’s sales order backlog at quarter end was $5.8 million, increased by 15% from $5.0 million at September 30, 2006. – Cash used in operations and capital expenditures of $4.1 million (Q1 FY06: $2.3 million), increased due to changes in non-cash working capital which are expected to reverse in subsequent quarters.
Every Home Needs an Air and Water PurifierPurifiers for your life

This entry was posted on Wednesday, February 21st, 2007 at 9:35 am and is filed under General. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.