Quest Resource Holding Corporation Reports Fourth Quarter and Fiscal Year 2024 Financial Results
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 12 2025
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Source: Globenewswire
Financial Performance Overview: Quest Resource Holding Corporation reported a slight increase in revenue for Q4 2024, but experienced a net loss per share of $(0.46) and a decrease in gross profit compared to the previous year. The company also recognized a non-cash impairment loss of $5.5 million.
Strategic Developments: In 2024, Quest added eight new customers, refinanced its debt to reduce annual interest expenses, and announced leadership changes with Perry Moss as CEO. Additionally, the company is implementing operational efficiency measures, including a 15% headcount reduction to save approximately $3 million annually.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
