Quest Resource Q2 revenue $74.5M, net loss $0.04/share; sees double-digit gross profit growth

Quest Resource Holding Corp

2023-Q2 EPS reported -$0.15 revenue$148,610,998

Revenue $74.5M, down 3.1% YoY; gross profit $13.5M, down 7.9% YoY but up 6.9% sequentially.
GAAP net loss per diluted share $(0.04) vs. income $0.05 in Q2 2022; adjusted EPS $0.07 vs. $0.19.
Adjusted EBITDA $5.0M, down from $6.6M YoY but up 26.2% sequentially from Q1 2023.
Year-to-date revenue $148.6M, flat YoY; gross margin 17.6% vs. 17.5%.
CEO expects double-digit gross profit growth in 2023; Q2 debt paydown $2M, total $7M reduction for year.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Quest Resource Holding Corp reported the second quarter ended June 30, 2023 results: revenue $74.5 million, net income GAAP net loss per diluted share attributable to common stockholders was $(0.04), EPS $(0.04) per diluted share.

Period: the second quarter ended June 30, 2023
Revenue: $74.5 million
Net income: GAAP net loss per diluted share attributable to common stockholders was $(0.04)
EPS: $(0.04) per diluted share
Result: reported results

Exact text from the filing

leader in environmental waste and recycling services, today announced financial results for the second quarter ended June 30, 2023. Second Quarter 2023 Highlights • Revenue was $74.5 million, a 3.1% decrease compared with the second quarter of 2022. • Gross profit was $13.5 million, a 7.9% decrease compared with the second quarter of 2022 and a 6.9% sequential

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Source: SEC EDGAR

accession 0000950170-23-042361

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