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

Latest Updates

Employees (est.) (Dec 2018)60(+72%)
Revenue (FY, 2019)$57.2 M(+2%)
Share Price (Nov 2019)$4.3 (-10%)
Cybersecurity ratingCMore

Key People/Management at Quest Solution

Shai Lustgarten

Shai Lustgarten

President and CEO
Andrew J. MacMillan

Andrew J. MacMillan

Independent Director
Eli Uziel

Eli Uziel

COO
Yaron Shalem

Yaron Shalem

Independent Director
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Quest Solution Office Locations

Quest Solution has offices in Eugene and Salt Lake City
Eugene, US (HQ)
860 Conger St
Salt Lake City, US
1865 2100 S #4
Show all (2)

Quest Solution Financials and Metrics

Quest Solution Revenue

Quest Solution's revenue was reported to be $57.20 m in FY, 2019
USD

Revenue (Q1, 2020)

13.8m

Gross profit (Q1, 2020)

3.0m

Gross profit margin (Q1, 2020), %

22%

Net income (Q1, 2020)

(2.9m)

EBIT (Q1, 2020)

(2.0m)

Market capitalization (8-Oct-2018)

9.6m

Closing stock price (8-Oct-2018)

4.8

Cash (31-Mar-2020)

3.3m

EV

18.8m
Quest Solution's current market capitalization is $9.6 m.
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Revenue

36.8k1.2k2.0k37.3m63.9m60.0m54.5m56.2m57.2m

Cost of goods sold

28.7m50.7m48.0m43.1m43.1m43.2m

Gross profit

8.6m13.2m12.1m11.4m13.1m14.0m

Gross profit Margin, %

23%21%20%21%23%25%
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Revenue

2.1k1.8k303.0362.0215.0261.0755.0804.09.6m7.4m9.1m10.7m13.6m16.7m18.4m18.9m13.6m14.4m13.5m13.0m15.2m13.8m13.4m18.6m14.1m13.1m13.8m

Cost of goods sold

7.3m5.7m7.1m8.3m10.2m13.5m14.6m14.9m10.9m11.4m10.7m10.1m12.0m10.9m10.7m14.0m10.5m10.8m

Gross profit

2.3m1.7m2.0m2.4m3.3m3.2m3.8m4.0m2.7m3.0m2.8m2.8m3.2m2.8m2.7m4.6m3.6m3.0m

Gross profit Margin, %

24%23%22%22%25%19%21%21%20%21%21%22%21%21%20%25%26%22%
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Cash

16.055.013.3k233.7k842.7k289.5k24.6k377.9k1.6m

Accounts Receivable

1.6k9.1m11.4m10.6m6.4m12.3m6.7m

Prepaid Expenses

76.0k191.5k730.6k272.9k476.8k169.5k362.0k

Inventories

606.2k2.7m531.6k439.7k1.8m1.9m
Show all financial metrics

Quest Solution Cybersecurity Score

Cybersecurity ratingPremium dataset

C

78/100

SecurityScorecard logo

Quest Solution Online and Social Media Presence

Embed Graph

Quest Solution News and Updates

Quest Solution Achieves Record Nine-Month Revenue of $45.8M; Gross Profit Increases 35% to Record $11.7M in First Nine Months

SALT LAKE CITY, Nov. 08, 2019 (GLOBE NEWSWIRE) -- Quest Solution, Inc. (OTCQB: QUES) (“Quest” or “the Company”), a provider of Supply Chain and Artificial Intelligence (AI)-based solutions, announced its financial results for the three and nine month periods ended September 30, 2019.

Quest Solution Announces Installation of SeeCube™ Vehicle Make and Color Recognition Solution, in a Large Scale Safe District Project

SALT LAKE CITY, Oct. 29, 2019 (GLOBE NEWSWIRE) -- Quest Solution, Inc. (OTCQB: QUES) (“Quest” or “the Company”), via its HTS division, announces that its recently launched Artificial Intelligence (“AI”) based, patented SeeCube™ solution has been selected to upgrade a major safe district security s…

Quest Solution Announces $2.3M in Orders for Mobile Android-Based Data Collection Equipment From Leading International Automotive Company

SALT LAKE CITY, Aug. 13, 2019 (GLOBE NEWSWIRE) -- Quest Solution, Inc. (OTCQB: QUES) (“Quest” or “the Company”), a provider of Supply Chain and Artificial Intelligence (AI)-based solutions, announced orders valued at $2.3 million for plant automation and inventory management equipment from one of …

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 (GLOBE NEWSWIRE) -- Quest Solution, Inc. (OTCQB: QUES) (“Quest” or “the Company”), 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.

Quest Solution To Host Conference Call To Discuss Second Quarter 2019 Results

SALT LAKE CITY, Aug. 02, 2019 (GLOBE NEWSWIRE) -- Quest Solution, Inc. (OTCQB: QUES) (“Quest” or “the Company”), a provider of Supply Chain and Artificial Intelligence (AI)-based solutions, will host a conference call and webcast on Wednesday, August 7, 2019 at 11:00 a.m. Eastern Time to discuss t…

Quest Solution First Quarter Revenue Increases 23% to $18.6M; Company Achieves Significantly Improved Margins and Operating Profitability

SALT LAKE CITY, June 28, 2019 (GLOBE NEWSWIRE) -- Quest Solution, Inc. (OTCQB: QUES) (“Quest” or “the Company”), a provider of Supply Chain and Artificial Intelligence (AI)-based solutions, announced its financial results for the three months ended March 31, 2019.
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Quest Solution Blogs

OMNIQ Reports Full Year 2019 Revenue Increases to $57.2 Million; Gross Profit Increases to $14.0 Million

• Company Continues Transformation to AI-Machine Vision Object Recognition Leader • Launches Multiple Innovative Machine Vision Solutions As Result of Accelerated R&D Efforts; R&D investment increased […] The post OMNIQ Reports Full Year 2019 Revenue Increases to $57.2 Million; Gross Profit…

OMNIQ Corp Receives $1.5 Million Purchase Order from Leading U.S. Supermarket Chain for Handheld Touch Screen Computers

• Second significant purchase order received within one week Salt Lake City, UT, March 23, 2020 – OMNIQ Corp. (OTCQB: OMQS) (“OMNIQ” or “the Company”), a […] The post OMNIQ Corp Receives $1.5 Million Purchase Order from Leading U.S. Supermarket Chain for Handheld Touch Screen Computers appeared firs…

OMNIQ Corp. Acquires Eyepax USA’s Intellectual Property and Technology to Establish Leadership in Multi-Billion Dollar Automated Parking Solutions Market

OMNIQ is now positioned as a Prime Contractor within the $5.2 billion ticketless parking vertical OMNIQ to expand its service offering beyond its AI-based Machine Vision […] The post OMNIQ Corp. Acquires Eyepax USA’s Intellectual Property and Technology to Establish Leadership in Multi-Billion Dolla…

HTS is Pleased to Introduce Our Newly Designed SeeDOT II Solution for CVE

We have recently deployed our fist system for KYDOT in cooperation with University of Kentucky to enhance their commercial vehicle enforcement solutions. HTS, doing our small […] The post HTS is Pleased to Introduce Our Newly Designed SeeDOT II Solution for CVE appeared first on Quest Solutions.

Omniq welcomes our HTS LPR team to our Salt Lake City offices for a great FY 2020 kickoff!

We had a great 2020 planning kickoff in Salt Lake City this week. Amazing crew! The post Omniq welcomes our HTS LPR team to our Salt Lake City offices for a great FY 2020 kickoff! appeared first on Quest Solutions.

OMNIQ, Via its HTS Division Has Now Deployed Their Mobile License Plate Inventory (MLPI) Solution at Over Fifteen Airports

Airports are the most demanding and challenging parking application for LPR as they require high accuracy, quick read rates and recognition of license plates from all […] The post OMNIQ, Via its HTS Division Has Now Deployed Their Mobile License Plate Inventory (MLPI) Solution at Over Fifteen Airpor…
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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 Eli Uziel.

  • How many employees does Quest Solution have?

    Quest Solution has 60 employees.

  • What is Quest Solution revenue?

    Latest Quest Solution annual revenue is $57.2 m.

  • What is Quest Solution revenue per employee?

    Latest Quest Solution revenue per employee is $953.3 k.

  • Who are Quest Solution competitors?

    Competitors of Quest Solution include CLASQUIN, Reibel and Estes Express Lines.

  • Where is Quest Solution headquarters?

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

  • Where are Quest Solution offices?

    Quest Solution has offices in Eugene and Salt Lake City.

  • How many offices does Quest Solution have?

    Quest Solution has 2 offices.