Quest Resource Holding Corp's Q3 2024 results showed mixed topline performance, with revenue up 3% YoY but gross profits down 5.7% due to billing and vendor issues. Despite winning new contracts, the company's valuation remains elevated. The company faces significant debt risks, with high-interest expenses and no revenue or profit growth in the past two years.
New client onboarding progressing as expected, with third-quarter revenue run rate from new client wins secured during 2024 achieving approximately 60% of expected fully ramped run rate
Quest Resource Holding's 2Q24 results showed a revenue decline of 2.4% YoY, despite new contract wins and customer expansions. The company trades at high valuation multiples, with a 25x EV/NOPAT, limiting upside potential and justifying a Hold rating. SG&A expenses increased slightly due to investments in technology and sales team expansion, while debt levels rose with extended maturities to Ap...
THE COLONY, Texas, Aug. 16, 2024 (GLOBE NEWSWIRE) -- Quest Resource Holding Corporation (Nasdaq: QRHC) (“Quest”), a national leader in environmental waste and recycling services, today announced Ray Hatch, Chief Executive Officer and Brett Johnston, Chief Financial Officer will present at the Midwest IDEAS Investor Conference on August 29th, 2024, at The Gwen in Chicago, IL. Quest's presentatio...
On track for double-digit growth in gross profit and adjusted EBITDA during 2024 and 2025 Significant new client win and multiple program expansion wins with existing clients Added to the Russell 2000 and 3000 Indexes THE COLONY, Texas, Aug. 08, 2024 (GLOBE NEWSWIRE) -- Quest Resource Holding Corporation (Nasdaq: QRHC) (“Quest” or the “Company”), a national leader in environmental waste and rec...
THE COLONY, Texas, May 30, 2024 (GLOBE NEWSWIRE) -- Quest Resource Holding Corporation (Nasdaq: QRHC) (“Quest”), a national leader in environmental waste and recycling services, today announced Ray Hatch, Chief Executive Officer and Brett Johnston, Chief Financial Officer will present at the East Coast IDEAS Investor Conference on June 13th, at Jay Conference – Bryant Park in New York, NY. Ques...
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