Mastech Digital Q3 revenues $63.2M (+6% YoY); GAAP EPS $0.20; cyber event reserve $450K

Mastech Digital, Inc.

2022-Q3 EPS reported $0.59 revenue$185,022,000

Revenue $63.2M (+6% YoY from $59.5M); GAAP diluted EPS $0.20 vs $0.28; non-GAAP $0.33 vs $0.38.
IT Staffing revenue $53.1M (+8% YoY); Data & Analytics down to $10.1M vs $10.5M.
Cyber-security breach of one employee email; $450K reserve for advisory & potential losses; two clients impacted.
Data & Analytics segment closing Singapore/Ireland ops; $120K severance; $0.3M fixed price project over-run.
Early paid $7.6M of term loan; cash $3.5M, bank debt $2.2M, $36.4M revolver availability.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Mastech Digital, Inc. reported the third quarter ended September 30, 2022 results: revenue $63.2 million, net income $2.4 million, EPS $0.20 per diluted share.

Period: the third quarter ended September 30, 2022
Revenue: $63.2 million
Net income: $2.4 million
EPS: $0.20 per diluted share
Result: reported results

Exact text from the filing

announced today its financial results for the third quarter ending September 30, 2022. Third Quarter 2022 Financial Highlights: • The Company delivered consolidated revenues of $63.2 million in the third quarter of 2022, which represented organic growth of 6% over revenues of $59.5 million in the 2021 third quarter; • The Company’s Data and Analytics Services segment

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Source: SEC EDGAR

accession 0001193125-22-275467

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