secwatch.observer — SEC 8-K summary
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Issuer:     Quest Resource Holding Corp (QRHC)
CIK:        0001442236
Form:       8-K
Filed at:   2024-11-07T23:59:59+00:00
Accession:  0000950170-24-123235
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Quest Resource Q3 revenue up 3.3% to $72.8M; GAAP net loss widens to $(3.4)M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1442236/000095017024123235/0000950170-24-123235-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1442236/000095017024123235/qrhc-20241107.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-123235

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