Harte Hanks Q1 revenue down 3.5% to $45.4M; net loss narrows to $0.2M

HARTE HANKS INC

2024-Q1 EPS reported -$0.02 vs consensus -$0.04 ▲ beat (+50.5%)

Revenue $45.4M (down 3.5% YoY); net loss $0.2M ($0.02/sh) vs loss $0.8M a year ago.
Operating income $0.4M vs $1.1M; adjusted EBITDA $2.8M flat YoY.
Customer Care revenue +7% to $12.4M; Sales Services +67% to $4.7M; Fulfillment & Logistics -9.5% to $19.4M; Marketing Services -20.6% to $8.9M.
Cash $11.5M, no debt; $24M credit line; $0.9M restructuring charge from Project Elevate.
New senior leadership team; Chief Customer Officer to be added; pipeline growing in SMB sector.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

HARTE HANKS INC reported the first quarter ended March 31, 2024 results: revenue $45.4 million, net income $0.2 million, or $0.02 per basic and diluted share, EPS $0.02 per basic and diluted share.

Period: the first quarter ended March 31, 2024
Revenue: $45.4 million
Net income: $0.2 million, or $0.02 per basic and diluted share
EPS: $0.02 per basic and diluted share
Result: reported results

Exact text from the filing

Company ended the quarter with a cash balance of $11.5 million at March 31, 2024. • Executing, as planned, the termination of Pension Plan 1. • Total revenues for Q1 2024 were $45.4 million, down 3.5% compared to $47.1 million in Q1 2023. • Operating income was $0.4 million compared to operating income of $1.1 million in the same quarter in the prior year. • Harte

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Source: SEC EDGAR

accession 0000045919-24-000024

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