Harte Hanks Q4 2023 revenue down 9.7% YoY; net loss $2.0M; projects $6M cost cuts in 2024

HARTE HANKS INC

Q4 revenue $49.5M vs $54.8M YoY; operating loss $2.3M vs income $3.4M.
Net loss $2.0M ($0.27/sh) vs net income $21.8M ($2.81/sh) in Q4 2022, which included $19.8M tax benefit.
Full-year 2023 revenue $191.5M, down 7.2%; net loss $1.6M.
Ended 2023 with $18.4M cash, no debt, extended $25M credit line to June 2025.
Project Elevate expects $6M cost savings in 2024, $16M over two years; added new sales leaders.

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

HARTE HANKS INC reported the fourth quarter ended December 31, 2023 results: revenue $49.5 million, net income Net loss ... was $2.0 million, or $0.27 per basic and diluted share, EPS $0.27 per basic and diluted share.

Period: the fourth quarter ended December 31, 2023
Revenue: $49.5 million
Net income: Net loss ... was $2.0 million, or $0.27 per basic and diluted share
EPS: $0.27 per basic and diluted share
Result: reported results

Exact text from the filing

Fourth quarter revenues were $49.5 million, down 9.7% from $54.8 million in the fourth quarter of 2022

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Source: SEC EDGAR

accession 0000045919-24-000010

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