OverviewSuggest Edit

Quest Solution is a specialty systems integrator that offers field and supply chain mobility solutions throughout the United States. The Company is also an established manufacturer and distributor of barcode labels, tags, and ribbons, as well as RFID labels and tags.

TypePublic
Founded1994
HQEugene, US
Websitequestsolution.com
Employee Ratings3.1

Latest Updates

Employees (est.) (Sep 2016)151
Revenue (FY, 2017)$54.5 M(-9%)

Key People/Management at Quest Solution

Shai Lustgarten

Shai Lustgarten

President and CEO
Andrew J. MacMillan

Andrew J. MacMillan

Independent Director
Neev Nissenson

Neev Nissenson

Independent Director
Yaron Shalem

Yaron Shalem

Independent Director
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Quest Solution Office Locations

Quest Solution has an office in Eugene
Eugene, US (HQ)
860 Conger St
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Quest Solution Financials and Metrics

Quest Solution Revenue

Quest Solution's revenue was reported to be $54.46 m in FY, 2017
USD

Revenue (Q3, 2018)

13.4m

Gross profit (Q3, 2018)

2.7m

Gross profit margin (Q3, 2018), %

20.1%

EBIT (Q3, 2018)

(387.4k)

Market capitalization (8-Oct-2018)

9.6m

Cash (30-Sep-2018)

56.1k

EV

15.9m
Quest Solution's current market capitalization is $9.6 m.
Annual
USDFY, 2013FY, 2015FY, 2016FY, 2017

Revenue

4.1k63.9m60.0m54.5m

Cost of goods sold

50.7m48.0m43.1m

Gross profit

13.2m12.1m11.4m

Gross profit Margin, %

21%20%21%
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Revenue

804.09.6m7.4m9.1m13.6m16.7m18.4m18.9m13.6m14.4m13.5m13.0m15.2m13.8m13.4m

Cost of goods sold

7.3m5.7m7.1m10.2m13.5m14.6m14.9m10.9m11.4m10.7m10.1m12.0m10.9m10.7m

Gross profit

2.3m1.7m2.0m3.3m3.2m3.8m4.0m2.7m3.0m2.8m2.8m3.2m2.8m2.7m

Gross profit Margin, %

24%23%22%25%19%21%21%20%21%21%22%21%21%20%
Annual
USDFY, 2013FY, 2015FY, 2016FY, 2017

Cash

13.3k842.7k289.5k24.6k

Accounts Receivable

1.6k11.4m10.6m6.4m

Inventories

2.7m531.6k439.7k

Current Assets

192.9k17.0m13.1m8.1m
Annual
USDFY, 2013FY, 2015FY, 2016FY, 2017

Net Income

(1.1m)(1.7m)(7.5m)(2.4m)

Depreciation and Amortization

2.7m1.8m1.8m

Inventories

(538.1k)

Accounts Payable

5.8m8.9m2.7m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Net Income

(527.8k)246.4k(15.9k)47.0k(707.5k)(1.5m)(5.8m)(331.2k)(779.6k)(1.7m)(949.0k)(3.4m)(4.3m)

Depreciation and Amortization

1.5k1.5k(1.4k)45.9k69.9k495.6k1.0m1.3m442.4k883.9k1.3m486.7k872.6k1.3m

Accounts Payable

3.0m

Cash From Operating Activities

(32.7k)(657.5k)233.8k1.1m1.6m2.9m1.5m2.6m5.4m4.1m4.9m5.9m(40.1k)(21.1k)262.8k
USDY, 2018

EV/EBIT

-41.1 x

EV/CFO

60.5 x

Financial Leverage

-43.8 x
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Quest Solution Online and Social Media Presence

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Quest Solution News and Updates

Quest Solution Receives a $1.8 Million Purchase Order From a Multinational Third Party Logistics Firm

SALT LAKE CITY, Utah, April 30, 2019 (GLOBE NEWSWIRE) -- Quest Solution, Inc. (QUES) (“Quest” or “the Company”), a provider of Supply Chain and Artificial Intelligence (AI)-based solutions, announced today that it has received a $1.8 million purchase order from a large third party logistics firm f…

Quest Solution to Present at ThinkEquity Conference in New York City

SALT LAKE CITY, April 23, 2019 (GLOBE NEWSWIRE) -- Quest Solution, Inc. (QUES) (“Quest” or “the Company”), a provider of Supply Chain and Artificial Intelligence (AI)-based solutions, announced today that Shai Lustgarten, President & Chief Executive Officer, will present at the ThinkEquity Con…

Quest Solution Integrates AI-Based Vehicle Recognition System with Law Enforcement Department Database for Community Safety and Crime Prevention

SALT LAKE CITY, April 22, 2019 (GLOBE NEWSWIRE) -- Quest Solution, Inc. (QUES) (“Quest” or “the Company”), a provider of Supply Chain and Artificial Intelligence (AI)-based solutions, announced today that it has integrated its Vehicle Recognition (VR) solution with the database of a municipal law …

Quest Solution, Inc. Announces $5 Million Private Placement

SALT LAKE CITY, April 04, 2019 (GLOBE NEWSWIRE) -- Quest Solution, Inc. (OTCQB: QUES) ("Quest" or the "Company"), a provider of Supply Chain and Artificial Intelligence (AI)-based Machine Vision solutions, announced it has entered into a securities purchase agreement with institutional and accredi…

Quest Solution Announces the U.S. Launch of AI-Based Smart Ticketless Parking Solution

SALT LAKE CITY, April 02, 2019 (GLOBE NEWSWIRE) -- Quest Solution, Inc. (OTCQB: QUES), (“Quest” or “the Company”) a provider of Supply Chain and Artificial Intelligence (AI)-based Machine Vision solutions, today announced the U.S. launch of its AI-based Machine Vision Automatic Vehicle Recognition…

Quest Solution Awarded $7 Million Project From Leading U.S. Supply Chain & Logistics Firm

SALT LAKE CITY, March 06, 2019 (GLOBE NEWSWIRE) -- Quest Solution, Inc. (OTCQB: QUES), (“Quest” or “the Company”) a provider of Supply Chain and Artificial Intelligence (AI)-based Machine Vision solutions, announced it has been awarded a project from a leading supply chain and logistics provider i…
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Quest Solution Blogs

Zebra Unveils Perfect Device for Migrating to Android Handheld Computing

In 2019, many companies will be upgrading their handheld mobile computers for two big reasons: The Windows Embedded Handheld operating system is reaching its end of […] The post Zebra Unveils Perfect Device for Migrating to Android Handheld Computing appeared first on Quest Solutions.

Quest Solution Awarded Additional $1.8M in Purchase Orders for Data Collection Equipment from Food Distributor Servicing the U.S. and Canada

Orders from this leading customer amount to $5.8M in 2019. Quest to provide mobility devices enabling data collection and analysis for supply chain and logistics management. […] The post Quest Solution Awarded Additional $1.8M in Purchase Orders for Data Collection Equipment from Food Distributor Se…

Quest Solution Integrates AI-Based Vehicle Recognition System with Law Enforcement Department Database

Quest Solution, Inc. announced today that it has integrated its Vehicle Recognition (VR) solution with the database of a municipal law enforcement department in a major […] The post Quest Solution Integrates AI-Based Vehicle Recognition System with Law Enforcement Department Database appeared first …

Quest Solution in the News – AI Stands Guard for the Future: How AI Is Being Used in Security

Excerpt from Investorideas.com Article Investorideas.com, a global investor news source covering security and Artificial Intelligence issues a special edition of The AI Eye, looking at how […] The post Quest Solution in the News – AI Stands Guard for the Future: How AI Is Being Used in Security appe…

Quest Solution Awarded a U.S. Patent for Cloud-Based Automatic License Plate Recognition (ALPR) Management

Cloud enables scalable growth and quicker deployment Enables faster response to School Safety issues Cloud-based patent follows U.S. patent for color, make and model capabilities announced […] The post Quest Solution Awarded a U.S. Patent for Cloud-Based Automatic License Plate Recognition (ALPR) Ma…

HTS/Quest Solution is exhibiting at the Parking Industry Expo in Booth #722 March 11-14th in Rosemont, IL

Come visit us in booth 722 at the Hyatt Regency in Rosemont, IL on March 11th through the 14th. HTS/Quest Solution sets the standard as a […] The post HTS/Quest Solution is exhibiting at the Parking Industry Expo in Booth #722 March 11-14th in Rosemont, IL appeared first on Quest Solutions.
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Quest Solution Frequently Asked Questions

  • When was Quest Solution founded?

    Quest Solution was founded in 1994.

  • Who are Quest Solution key executives?

    Quest Solution's key executives are Shai Lustgarten, Andrew J. MacMillan and Neev Nissenson.

  • How many employees does Quest Solution have?

    Quest Solution has 151 employees.

  • What is Quest Solution revenue?

    Latest Quest Solution annual revenue is $54.5 m.

  • What is Quest Solution revenue per employee?

    Latest Quest Solution revenue per employee is $360.7 k.

  • Who are Quest Solution competitors?

    Competitors of Quest Solution include AIReS, bpost and Tiger Global.

  • Where is Quest Solution headquarters?

    Quest Solution headquarters is located at 860 Conger St, Eugene.

  • Where are Quest Solution offices?

    Quest Solution has an office in Eugene.

  • How many offices does Quest Solution have?

    Quest Solution has 1 office.