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Quest Solution Reports $42M in Revenue for First Nine Months of 2018

By: | Tags: | Comments: 0 | November 20th, 2018

  • Sales up by approximately 4%
  • Cost savings of $0.7M or 29% in salary and employee benefits compared to Q3 2017
  • Higher margin outlook due to acquisition and new Artificial Intelligence (AI) solutions
  • Nine-month Adjusted EBITDA increased to $1.5M

Shai Lustgarten, CEO, commented, “We are pleased to have delivered a solid third quarter, reflected in 3.6% organic growth, increased adjusted EBITDA and a strong order backlog that we believe will drive continued momentum through the end of 2018 and into 2019.

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