secwatch.observer — SEC 8-K summary
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Issuer:     HUDSON TECHNOLOGIES INC /NY (HDSN)
CIK:        0000925528
Form:       8-K
Filed at:   2023-05-03T23:59:59+00:00
Accession:  0001104659-23-055497
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hudson Tech Q1 revenue down 8% to $77.2M; net income drops to $15.5M
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- Revenue $77.2M (-8% YoY); gross margin 39% vs 54% in Q1 2022.
- Operating income $22.7M (vs $38.3M); net income $15.5M ($0.34 basic EPS) vs $29.6M ($0.66).
- Total debt reduced from $46.8M to $43.6M; stockholders' equity improved to $191.5M.
- Cash flow from operations in Q1 2023 was two times greater than Q1 2022.
- Management cites AIM Act HFC phasedown as driver for increased demand for reclaimed refrigerants.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/925528/000110465923055497/0001104659-23-055497-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/925528/000110465923055497/tm2314276d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-055497

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