QRHC News & Events

Reports Q3 revenue $63.34M, consensus $59.83M. "The impact of the strategic and proactive actions we are taking to address critical issues and to drive efficiencies across the operations are leading to improvements in the business and the early benefits of these activities can be seen in the third quarter," said Dan M. Friedberg, Chairman of the Company's Board of Directors. "We are on more solid footing as a result of targeted cost actions and cash generation efforts, and our results are consistent with our stated expectation for an improved trajectory of the performance of the business. Looking ahead, we are confident in our ability to continue to drive improvements in the business and maintain this momentum as we finish 2025 and head into 2026."

Reports Q2 revenue $59.54M, consensus $72.56M. The company said, "We experienced a host of issues last year. These include a number of operational issues, an industrial sector slowdown, and client attrition; as well as challenges related to adding a record number of new clients and systems integration. We took decisive, well-documented actions to address these issues. These include reductions and additions to the management team, making cost reductions, selling an underperforming business line, and resetting financial covenants with our lenders. Since then, we have launched an intensive set of initiatives focused on driving short-term improvements and long-term operating and financial performance."