earnings
confidence high
sentiment neutral
materiality 0.70
Quest Resource Q2 revenue up 7.6% to $64.1M; net loss widens to $12.2M on $11M goodwill impairment
Quest Resource Holding Corp
- Revenue $64.1M (+7.6% YoY); gross margin 16.3% vs 18.5% YoY.
- GAAP net loss $(12.2)M includes $11.0M non-cash goodwill impairment; EPS loss $(0.57) vs $(0.09) YoY.
- Adjusted EBITDA $2.8M vs $2.7M YoY; operating cash flow $4.5M.
- Secured four new share-of-wallet wins, including a large national automotive parts retailer.
- Voluntary debt reduction of $2.0M in Q2, $4.0M YTD; SG&A down 11% YoY.