secwatch.observer — SEC 8-K summary
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Issuer:     HARTE HANKS INC (HHS)
CIK:        0000045919
Form:       8-K
Filed at:   2024-03-18T23:59:59+00:00
Accession:  0000045919-24-000010
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/45919/000004591924000010/0000045919-24-000010-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/45919/000004591924000010/hhs-20240314.htm
  HTML page:      https://secwatch.observer/filing/0000045919-24-000010

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer