Revenue Performance - Revenue for Q2 2024 was $73.1 million, a decrease of $1.4 million, or 1.8%, compared to $74.5 million in Q2 2023[75] - For the first half of 2024, revenue was $145.8 million, down $2.8 million, or 1.9%, from $148.6 million in the same period of 2023[75] - The decline in revenue for Q2 2024 was primarily due to lower volumes from four customers, resulting in a revenue decrease of approximately $11 million[76] Profitability Metrics - Gross profit for Q2 2024 was $13.5 million, with a gross profit margin of 18.5%, compared to 18.1% in Q2 2023[79] - Adjusted EBITDA for Q2 2024 increased 2.1% to $5.1 million from $5.0 million in Q2 2023[91] - Adjusted EBITDA for Q2 2024 was $5.14 million, compared to $5.03 million in Q2 2023, reflecting an increase of 2.1%[93] - Adjusted net income for Q2 2024 was $0.7 million, down from $1.5 million in Q2 2023, representing a decline of 53.3%[94] Net Loss and Expenses - Net loss for Q2 2024 was $(1.5) million, compared to a net loss of $(0.9) million in Q2 2023[87] - Operating expenses for Q2 2024 were $11.8 million, slightly higher than $11.7 million in Q2 2023[81] - Selling, general, and administrative expenses increased to $9.4 million in Q2 2024 from $9.2 million in Q2 2023, primarily due to labor-related expenses[82] - Net loss for Q2 2024 was $(1.51) million, compared to a net loss of $(0.89) million in Q2 2023, indicating a deterioration in performance[94] Cash Flow and Liquidity - Cash and cash equivalents increased to $1.0 million as of June 30, 2024, up from $0.3 million at the end of 2023[95] - Net cash used in operating activities for the first half of 2024 was $(0.8) million, compared to net cash provided of $6.3 million in the same period of 2023[100] - Cash used in investing activities for the first half of 2024 was $(4.8) million, primarily for the purchase of compactors and related equipment[101] - Net cash provided by financing activities for the first half of 2024 was $6.3 million, mainly from borrowings of $4.0 million on the ABL Facility[102] - Working capital increased to $21.6 million as of June 30, 2024, compared to $15.7 million at the end of 2023[95] - The company expects existing cash and cash equivalents, along with borrowing availability, to be sufficient to fund operations for the next 12 months[98] - The company has no off-balance sheet debt or similar obligations[107] Taxation - The company recorded a provision for income tax of $684,113 for Q2 2024, significantly higher than $170,779 in Q2 2023[85] - Interest expense for Q2 2024 was $2.6 million, consistent with Q2 2023, reflecting increases in base interest rates[84]

THE COLONY, Texas, June 04, 2024 (GLOBE NEWSWIRE) -- Quest Resource Holding Corporation (NASDAQ:QRHC) ("Quest"), a national leader in environmental waste and recycling services, has announced the appointment of Perry W. Moss to the newly created position of Chief Revenue Officer. Moss, who joined Quest as Senior Vice President of Sales and Business Development nine months ago, brings over 30 years of broad business development experience to his new role. His track record at Quest includes bringing on a reco ...

The IDEAS Investor Conferences are held annually and are produced by Three Part Advisors, LLC. Additional information about the events can be located at www.IDEASconferences.com. If interested in participating or learning more about the IDEAS conferences, please contact Lacey Wesley at (817) 769 -2373 or lWesley@IDEASconferences.com. THE COLONY, Texas, May 30, 2024 (GLOBE NEWSWIRE) -- Quest Resource Holding Corporation (NASDAQ:QRHC) ("Quest"), a national leader in environmental waste and recycling services, ...

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. Quest's presentation is scheduled to begin at 10:00 AM ET. The presentation will be webcast and can be accessed through ...

Quest Resource Holding Corporation (NASDAQ:QRHC) Q1 2024 Results Conference Call May 9, 2024 5:00 PM ET Company Participants Dave Mossberg - Investor Relations, Three Part Advisors, LLC Ray Hatch - Chief Executive Officer Brett Johnston - Chief Financial Officer Conference Call Participants Aaron Spychalla - Craig-Hallum Gregg Kitt - Pinnacle Fund Nelson Obus - Wynnefield Capital Operator Good day, everyone, and welcome to the Quest Resource Holding Corp. First Quarter 2024 Earnings Call. At this time, all ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 Commission file number: 001-36451 Quest Resource Holding Corporation (Exact Name of Registrant as Specified in its Charter) Nevada 51-0665952 (State or other Jurisdiction of Incorporation or Organization) (I.R.S. Employer Identification No.) 3481 Plano Parkway, Suite 100 The Colony, Texas 7505 ...

Financial Performance - Revenue for Q1 2024 was $72.7 million, a 2.0% decrease compared to Q1 2023[5] - Gross profit increased by 11.1% to $14.0 million, with a gross margin of 19.3% compared to 17.0% in Q1 2023[5] - Adjusted EBITDA reached $5.1 million, reflecting a 28.4% increase from Q1 2023[5] - The company reported a net loss of $(0.03) per share, an improvement from $(0.10) per share in Q1 2023[5] Client Acquisition - A record number of new client wins were achieved, with two significant clients expected to generate eight figures in annual revenue[5] Technological Advancements - An automated accounts payable processing module enhanced by AI is currently processing approximately 50% of invoices[5] Financial Position - Total assets as of March 31, 2024, were $178.97 million, compared to $177.12 million as of December 31, 2023[18] - Total liabilities increased to $112.66 million from $110.84 million as of December 31, 2023[18] - Stockholders' equity slightly increased to $66.31 million from $66.28 million as of December 31, 2023[18] Credit Facilities - The company has extended the maturity dates for existing credit facilities[5]

Quest Resource Holding Corporation (NASDAQ:QRHC) Q4 2023 Earnings Conference Call March 12, 2024 5:00 PM ET Company Participants Dave Mossberg - Investor Relations, Three Part Advisors, LLC Ray Hatch - Chief Executive Officer Brett Johnston - Chief Financial Officer Conference Call Participants Aaron Spychalla - Craig-Hallum Capital Group LLC Gerard Sweeney - ROTH Capital Partners, LLC Greg Kitt - Pinnacle Fund Services George Melas-Kyriazi - MKH Management Company, LLC Nelson Obus - Wynnefield Capital, Inc ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM to Quest Resource Holding Corporation (Exact Name of Registrant as specified in its Charter) Nevada 51-0665952 (State or Other Jurisdiction of Incorporation or Organization) (I.R ...

Exhibit 99.1 Quest Resource Holding Corporation Reports Fourth Quarter and Fiscal Year 2023 Financial Results New Business Wins, Client Renewals, Revenue Growth, and Pipeline Growth Reflect Accelerated Momentum Across Business Completed Integrations of All Previously Announced Acquisitions; All Clients Onboarded Onto Quest's Platform in 2023 Investments in Technology Enabling Ef iciencies, Expansion in Vendor Network, Growth in Service Lines, and Improving Client Experience Board of Directors Retaining Fina ...