{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-133257","form_type":"8-K","ticker":"MHH","cik":"0001437226","company_name":"Mastech Digital, Inc.","filed_at":"2023-05-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:38.865353+00:00","generated_at":"2026-06-16T00:49:43.818468+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Mastech Digital Q1 rev down 8% YoY to $55.1M; GAAP EPS drops to $0.02","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-133257","json":"https://secwatch.observer/filing/0001193125-23-133257.json","markdown":"https://secwatch.observer/filing/0001193125-23-133257.md","text":"https://secwatch.observer/filing/0001193125-23-133257.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1437226/000119312523133257/0001193125-23-133257-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1437226/000119312523133257/d238228d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-16T00:49:43.818468+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"43c352613edbc75dc0b288a9c2dce307c8584920","claim":"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.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1437226/000119312523133257/0001193125-23-133257-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended March 31, 2023"},{"label":"Revenue","value":"$55.1 million"},{"label":"Net income","value":"$261,000"},{"label":"EPS","value":"$0.02 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}