Quest Resource Holding Corp ( (QRHC) ) has released its Q3 earnings. Here is a breakdown of the information Quest Resource Holding Corp presented to its investors.
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Quest Resource Holding Corporation is a national provider of waste and recycling services, specializing in creating tailored programs for multi-location businesses across various industries. Headquartered in The Colony, Texas, the company offers comprehensive solutions for waste management and environmental sustainability.
In its latest earnings report for the quarter ended September 30, 2024, Quest Resource Holding Corporation reported a slight increase in revenue compared to the same quarter last year, with revenue of $72.8 million. Despite this growth, the company faced challenges, resulting in a net loss for the period.
Key financial highlights from the report include a gross profit of $11.7 million, a decrease from the previous year, primarily due to rising costs of revenue. Operating expenses increased slightly, impacting the overall operating income, which showed a loss of $940,315. The company’s interest expenses also rose, contributing to the net loss of $3.4 million for the quarter.
Quest Resource’s management remains focused on expanding its service offerings and improving operational efficiencies to meet the evolving needs of its clients. Despite current financial challenges, the company is committed to leveraging its comprehensive data reporting capabilities to enhance customer sustainability initiatives.
Looking ahead, Quest Resource Holding Corporation aims to navigate the financial landscape by focusing on strategic growth initiatives and addressing cost management, as reflected in its management’s ongoing efforts to optimize business operations and sustain long-term growth.
