Quest Solution, Inc. (QUES) saw its loss narrow to $0.33 million in the quarter ended compared with $1.50 million, a year ago.

Revenue during the quarter went down marginally by 2.94 percent to $14.44 million from $14.88 million in the previous year period. Gross margin for the quarter expanded 86 basis points over the previous year period to 20.72 percent. Operating margin for the quarter period stood at positive 0.61 percent as compared to a negative 4.85 percent for the previous year period.

Operating income for the quarter was $0.09 million, compared with an operating loss of $0.72 million in the previous year period.

However, the adjusted EBITDA for the quarter stood at $0.56 million compared to negative $0.11 million in the prior year second quarter. At the same time, adjusted EBITDA margin stood at 3.86 percent for the quarter compared to negative 0.73 percent in the last year period.

Shai Lustgarten, chief executive officer commented, "Q1 was a continuation of the improvement that began in Q4 with a renewed focus of the Company as a provider of supply chain and mobile solutions for the U.S. market. The results of the restructuring and consolidation programs are beginning to show up in improved company results and we believe this trend will continue throughout 2017. Sales activities with our large base of Fortune 500 enterprise accounts is strong and we are having early success with our new Route Edge software platform. In addition, the Company continues to show progress on the retiring of its supplier note, having reduced it by $1.6M or 17% during the quarter."