earnings
confidence high
sentiment negative
materiality 0.70
Harte Hanks Q3 revenue $47.6M (+1.1% YoY), net income $0.1M; Q4 revenue contraction expected
HARTE HANKS INC
2024-Q3 EPS
reported -$3.83
vs consensus $0.10
▼ miss
(-3892.1%)
- Total revenues $47.6M (+1.1% YoY); operating income $1.9M vs $2.9M in Q3 2023.
- Net income $0.1M ($0.02 EPS) vs $0.6M ($0.09 EPS) in prior year quarter.
- Adjusted EBITDA $4.1M vs $4.2M; restructuring charges of $0.8M for Project Elevate.
- CEO expects low to mid-single-digit Q4 revenue contraction due to customer program changes.
- Cash $5.9M at Sep 30, 2024; no debt; $24M credit line available.