Quest Resource reports Q1 revenue $74.1M (+3.6%), GAAP net loss $(0.10)/share

Quest Resource Holding Corp

2023-Q1 EPS reported -$0.10 revenue$74,113,703

Gross profit $12.6M (+12.3%); gross margin improved to 17.0% from 15.7%.
Adjusted EBITDA $4.0M (+6.7%); adjusted EPS $0.03 vs $0.06 in prior-year quarter.
Paid down $5M of Monroe Capital facility subsequent to quarter end.
Continues integration of RWS acquisition; expects improvement over next three quarters.
Revenue growth driven by new customer wins; commodity price headwinds partially offset.

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