---
schema_version: "secwatch.filing_event.v1"
accession: "0000707388-24-000019"
form_type: "8-K"
ticker: null
cik: "0000707388"
company_name: "STAR EQUITY HOLDINGS, INC."
filed_at: "2024-03-22T23:59:59+00:00"
generated_at: "2026-06-04T09:21:12.196348+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Star Equity Q4 revenue down 19.8% but net income improves; cash quadruples to $18.9M

## Summary
- Q4 2023 revenue $14.1M (-19.8% YoY); net income from continuing ops $1.8M ($0.11 EPS) vs $0.9M.
- FY 2023 revenue $45.8M (-19.9% YoY); net loss from continuing ops $1.9M ($0.12 loss) improved from $5.8M loss.
- Construction gross margin for FY 2023 improved to 26.5% from 22.2% due to pricing and mix.
- Cash and equivalents grew to $18.9M at year-end from $4.5M; generated $2.7M cash from continuing ops.
- Closed Big Lake Lumber bolt-on acquisition in Q4; maintained $0.25 quarterly preferred dividend.

## SEC filing metadata
- accession: 0000707388-24-000019
- form_type: 8-K
- cik: 0000707388
- company_name: STAR EQUITY HOLDINGS, INC.
- filed_at: 2024-03-22T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/707388/000070738824000019/0000707388-24-000019-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/707388/000070738824000019/strr-20240322.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000707388-24-000019
- JSON: https://secwatch.observer/filing/0000707388-24-000019.json
- Plain text: https://secwatch.observer/filing/0000707388-24-000019.txt

## Key facts
- Earnings Releases
  STAR EQUITY HOLDINGS, INC. reported the fourth quarter (Q4) and fiscal year (FY) ended December 31, 2023 results: revenue $14.1 million, net income $1.8 million, EPS $0.11 income per basic and diluted share.
  - Period: the fourth quarter (Q4) and fiscal year (FY) ended December 31, 2023
  - Revenue: $14.1 million
  - Net income: $1.8 million
  - EPS: $0.11 income per basic and diluted share
  - Result: reported results
  source text: continuing operations, which currently include two divisions: Construction and Investments. Q4 2023 Financial Highlights vs. Q4 2022 (unaudited) • Revenues decreased by 19.8% to $14.1 million from $17.6 million. • Gross profit decreased by 47.0% to $2.9 million from $5.4 million. • Net income from continuing operations was $1.8 million (or $0.11 income per basic and
  evidence_url: https://www.sec.gov/Archives/edgar/data/707388/000070738824000019/0000707388-24-000019-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.