Quest Solution Achieves Record First Half Results; Revenues Increase 13% to $32.7M and Gross Profit Increases 37% to Record $8.2M
SALT LAKE CITY, Aug. 06, 2019 — Quest Solution, Inc. a provider of Supply Chain and Artificial Intelligence (AI)-based solutions, announced its record financial results for the three and six month periods ended June 30, 2019. Shai Lustgarten, CEO, commented, “2019 is shaping up to be a record and breakthrough fiscal year for Quest. In the first half of the year we achieved over $32.7M in sales, a 13% growth over the first six months of 2018 and during the second quarter we delivered substantially enhanced record gross margin of 26% up from 21% in the same quarter last year, reflecting the shift in our revenue mix towards higher margin AI- Machine Vision solutions. This in turn was reflected in record gross profits of $8.2M.”
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