Quest Resource Holding Corp ( (QRHC) ) has released its Q1 earnings. Here is a breakdown of the information Quest Resource Holding Corp presented to its investors.
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Quest Resource Holding Corporation, a national leader in environmental waste and recycling services, provides tailored solutions to help businesses meet their sustainability goals.
In its first quarter of 2025, Quest Resource Holding Corporation reported financial results that align with expectations, despite a decrease in revenue and gross profit. The company has taken strategic steps to streamline operations and improve financial flexibility.
Key financial metrics for the quarter include a revenue of $68.4 million, marking a 5.8% decrease from the previous year, and a gross profit of $10.9 million, down by 22.1%. The company also reported a net loss per share of $(0.50), significantly higher than the $(0.03) loss per share in the same period last year. Quest completed the sale of a non-core business for $5 million, which contributed to debt reduction and is expected to save $3 million annually in costs.
Strategically, Quest has amended agreements with lenders to enhance financial flexibility and is focusing on performance culture and efficiency programs. The company has also welcomed a new CEO and Senior VP of Operations, who are expected to drive operational improvements.
Looking ahead, Quest Resource Holding Corporation remains committed to enhancing profitability and operational efficiency. The management’s focus on performance culture and strategic initiatives is expected to yield positive long-term results, positioning the company for growth in the environmental services sector.