Quest Resource Q2 revenue $73.1M (-1.8% YoY); net loss widens, but adjusted EBITDA grows

Quest Resource Holding Corp

2024-Q2 EPS reported -$0.11 revenue$145,796,573

Revenue $73.1M, down 1.8% YoY; gross profit flat at $13.5M, margin improved to 18.5% from 18.1%.
GAAP net loss $(1.5)M ($0.07 loss per share) vs $(0.9)M loss a year ago; adjusted EBITDA $5.1M vs $5.0M.
YTD gross profit up 5.5% to $27.6M; adjusted EBITDA up 13.7% to $10.3M.
Onboarded 7 new clients in 2024; signed 3 expansion agreements each expected to add seven-figure annual revenue.
Added to Russell 2000 and 3000 Indexes; promoted Perry Moss to Chief Revenue Officer.

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