secwatch.observer — SEC 8-K summary
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Issuer:     Quest Resource Holding Corp (QRHC)
CIK:        0001442236
Form:       8-K
Filed at:   2023-11-14T23:59:59+00:00
Accession:  0000950170-23-063665
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Quest Resource Q3 revenue down 4% to $70.4M; GAAP EPS $(0.10) vs $(0.09)
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- Revenue $70.4M (-4% YoY); gross profit $12.4M (+2% YoY); gross margin expanded to 17.7% from 16.6%.
- GAAP net loss per diluted share $(0.10) vs $(0.09); adjusted EPS $0.02 vs $0.04 in Q3 2022.
- Adjusted EBITDA $3.7M vs $3.8M; YTD adjusted EBITDA $12.7M vs $14.1M in prior year period.
- RWS integration caused ~$800K gross profit shortfall, including $500K cost adjustments and $400K billing adjustment.
- Company expects sequential gross profit growth in Q4; annualized cost savings of $1.7M from RWS efficiencies starting Q4.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1442236/000095017023063665/0000950170-23-063665-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1442236/000095017023063665/qrhc-20231114.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-063665

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