The company serves commercial buildings, mixed-use apartment complexes, shopping centers, and heavy industries while pursuing acquisition and expansion in the Industrial, Oil and Gas, and Utility sectors. In fiscal year 2024, the company reported strong financial results with net income of $266,780, compared to a net loss of $4.2 million in 2023, demonstrating operational turnaround momentum.
Cyborg Score Rationale
The company has a micro-cap market capitalization of approximately $1.1 million with extremely thin trading liquidity. While profitability has improved, the OTC listing, minimal analyst coverage, and substantial dependence on parent company Fusion Fuel create operational and liquidity constraints.
Top Insights
Parent company Fusion Fuel (NASDAQ: HTOO) acquired controlling stake in November 2024, providing strategic alignment and sector expertise while QIND operates as independent SEC-reporting entity
Fiscal 2024 showed sharp profitability turnaround with net income of $266,780 versus $4.2M loss in 2023, driven by Al Shola Gas operations
LPG distribution spans both bulk and cylinder formats serving ~40,000 clients across commercial, industrial, and residential sectors
In January 2026, authorized shares increased from 200M to 450M to support debt restructuring, financing initiatives, and Al Shola Gas restructuring
Named Competitors
Propane Distribution Services — Regional propane and LPG distribution and supply
Industrial Gas Solutions — Large-scale propane distribution and retail
Specialty Industrial Machinery — Industrial equipment and machinery supply
Recent Developments
(March 2026) Announced fiscal year 2025 financial results
(January 2026) Stockholders approved increase in authorized common stock from 200M to 450M shares
(April 2025) Reported fiscal year 2024 results showing 31.1% year-over-year revenue growth in Al Shola Gas subsidiary
(November 2024) Fusion Fuel Green PLC acquired controlling stake in QIND
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