Mastech Digital Q1 rev down 8% YoY to $55.1M; GAAP EPS drops to $0.02

Mastech Digital, Inc.

2023-Q1 EPS reported $0.02 revenue$55,063,000

GAAP diluted EPS $0.02 vs $0.19; non-GAAP diluted EPS $0.12 vs $0.28 in Q1 2022.
Data & Analytics rev $9.4M (-8% YoY, +3% sequentially); IT Staffing rev $45.7M (-8% YoY).
Client pullback due to recession fears and bank failures; financial services (~50% of billable base) hit hardest.
No bank debt; cash $9.1M; $31.5M borrowing availability; DSO 61 days.
Management notes D&A segment pipeline improvement; new CEO appointed for that segment.

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

Mastech Digital, Inc. reported first quarter ended March 31, 2023 results: revenue $55.1 million, net income $261,000, EPS $0.02 per diluted share.

Period: first quarter ended March 31, 2023
Revenue: $55.1 million
Net income: $261,000
EPS: $0.02 per diluted share
Result: reported results

Exact text from the filing

IT Services, announced today its financial results for the first quarter ended March 31, 2023. First Quarter 2023 Highlights: • Total consolidated revenues declined by 8% to $55.1 million, compared to revenues of $59.8 million in the first quarter of 2022; • The Company’s Data and Analytics Services segment reported revenues of $9.4 million, compared to $10.2

View on SEC.gov

Browse all earnings releases →

Mastech Digital, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-23-133257

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.