Quest Resource Stock Price, News & Analysis

Quest Resource Holding Corporation (Nasdaq: QRHC) announced its inclusion in the Russell Microcap® Index effective June 28, 2021. This recognition underscores the company's restoration of growth and profitability, enhancing its visibility among investors. Membership in this index, which persists for one year, signifies automatic inclusion in appropriate growth and value indexes, key for institutional investment strategies.

Russell indexes manage around $10.6 trillion in assets, serving as benchmarks for investment strategies.

Quest Resource Holding Corporation (Nasdaq: QRHC) has announced a definitive agreement to acquire an Atlanta-based environmental services company for $2.5 million. This amount will be paid in cash and through an earn-out structure. The assets being acquired, primarily customer contracts, generated an estimated Adjusted EBITDA of $0.5 million for the trailing twelve months ending March 31, 2021. The acquisition is expected to enhance Quest's presence in the multi-family housing market and is projected to be completed within 30 to 60 days, pending customary closing conditions.

Quest Resource Holding Corporation (Nasdaq: QRHC) will participate in the East Coast IDEAS Investor Conference on June 17, 2021. CEO Ray Hatch and CFO Laurie Latham will present, with the presentation available at 7:00 am CST via webcast. This conference, aimed at connecting quality companies with investment professionals, is distinct for being “SPONSORED BY INVESTORS. FOR INVESTORS.” Quest is recognized for its solutions in waste and recycling services, helping clients meet environmental goals. More details are available on Quest's website.

Quest Resource Holding Corporation (NASDAQ: QRHC) reported its first quarter financial results for 2021, showcasing a robust performance. Revenue reached $35.1 million, marking a significant 38.6% increase from the previous year. Gross profit also surged to $6.4 million, a 41.8% increase, with a gross margin of 18.3%. Notably, net income per share stood at $0.06, compared to a net loss of $(0.02) in Q1 2020. Adjusted EBITDA hit a record $2.6 million, reflecting a remarkable 390% increase. The company anticipates ongoing improvements driven by recovery in industrial activity.

Quest Resource Holding Corporation (NASDAQ: QRHC) announced it will release its first-quarter results for the period ending March 31, 2021, on May 17, 2021, after market close. A conference call will follow at 5:00 PM ET, led by CEO Ray Hatch and CFO Laurie Latham, to discuss financial results and future business outlook. Investors can join the call by phone or through a webcast available on the investor relations section of Quest’s website. The archived call will be accessible for 90 days post-event.

Quest Resource Holding Corporation (Nasdaq: QRHC) has launched Quest Proganics, a new process designed to significantly reduce organic waste in landfills. Annually, over 23.6 million tons of food waste from various industries contributes to landfill waste. The new service enables clients to achieve up to 100% diversion of organic waste and potentially reduce total landfill waste by over 70%. Quest Proganics offers a comprehensive, cost-efficient solution for handling various organic materials, repurposing them into compost, biofuel, or animal feed.

Quest Resource Holding Corporation (NASDAQ: QRHC) reported a 20.5% revenue increase to $27.7 million for Q4 2020 compared to Q4 2019. Gross profit rose 19.7% to $5.6 million, with a gross margin of 20.2%. Net income per share was $0.01, up from $0.00. For the year, total revenue was $98.7 million, down slightly from $99.0 million, but gross profit increased by 1.8% to $19.1 million. Adjusted EBITDA for the year grew 33.6% to $4.5 million. The company anticipates continued growth in 2021 despite ongoing COVID challenges.

Quest Resource Holding Corporation (NASDAQ: QRHC) will release its fourth quarter and fiscal year results for 2020 on March 11, 2021, after market close. A conference call will follow at 5:00 PM ET, led by CEO Ray Hatch and CFO Laurie Latham, to discuss financial results and outlook. Investors can join by phone or online. The call will be archived on Quest's investor relations website for 90 days. Quest is a leader in environmental waste and recycling services, helping businesses achieve their sustainability goals.

Quest Resource Holding Corporation (NASDAQ: QRHC) reported its Q3 2020 financial results, with revenues of $23.7 million, reflecting a 0.9% decline year-over-year. Gross profit fell 4.5% to $4.6 million, impacting gross margin, which decreased to 19.2%. Operating expenses decreased by 2.4% to $4.4 million. The company posted a net loss per share of $(0.02), while Adjusted EBITDA increased by 15.0% to $989,000. Year-to-date revenue was $71.0 million, a 6.6% decline, but net income improved to $0.04 per share.