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Keep Your Eyes on Stock News: Quest Resource Holding Corporation (NASDAQ:QRHC)

On Friday, Quest Resource Holding Corporation (NASDAQ:QRHC) traded with change of -2.64% on volume of 0 shares in the last session as compared to average volume of 53984 shares. During last trade its minimum price was $2.09 and it gained highest price of $2.33. QRHC has total market capitalization of $33923500. Its closing value stands at $2.21.

On Nov. 14, 2019, Quest Resource Holding Corporation (NASDAQ:QRHC) a national leader in environmental reuse, recycling, and waste disposal services, revealed financial results for the third quarter ended September 30, 2019.

Third Quarter 2019 Highlights

  • Revenue was $23.9 million, a 7.7% decrease compared with the third quarter of 2018.
  • Gross profit was $4.8 million, a 6.7% increase compared with the third quarter of 2018.
  • Gross margin increased 270 basis points to 19.9% compared with 17.2% of revenue for the third quarter of 2018.
  • Net income per share was $0.00, an improvement compared with a net loss per share of $(0.04) during the third quarter of 2018.
  • Adjusted EBITDA was $860,000, a 27.5% increase compared with the third quarter of 2018.
  • September 30, 2019 Year-to-Date Highlights
  • Revenue was $76.0 million, a 3.2% decrease compared with the same period of 2018.
  • Gross profit was $14.1 million, a 13.0% increase compared with the same period of 2018.
  • Gross margin increased 270 basis points to 18.5% compared with 15.8% of revenue for the same period of 2018.
  • Net loss per share improved to $(0.01), including $248,000, or $0.02 per share, of expenses related to our April 2019 equity offering by selling shareholders, compared to $(0.17) during the same period of 2018.
  • Year-to-date Adjusted EBITDA was $2.5 million, a 58.2% increase compared to the same period of 2018.

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