earnings
confidence high
sentiment negative
materiality 0.70
Quest Resource Q3 revenue up 3.3% to $72.8M; GAAP net loss widens to $(3.4)M
Quest Resource Holding Corp
2024-Q3 EPS reported
-$0.27
revenue$218,561,988
- Revenue $72.8M (+3.3% YoY); gross margin 16.1% vs 17.7% on higher transition costs.
- GAAP net loss $(3.4)M ($(0.16)/share) vs $(2.1)M loss a year ago; Adjusted EBITDA $2.5M vs $3.7M.
- New client onboarding added ~$16M revenue; growth partly offset by weaker industrial demand and client attrition.
- Implementation of new vendor management system temporarily increased cost of revenue and SG&A.
- Company on track to refinance debt by year-end, expecting significant reduction in interest expense.