Mastech Digital Q2 revenue down 16% to $52.2M; GAAP EPS loss of ($0.19)

Mastech Digital, Inc.

2023-Q2 EPS reported -$0.16 revenue$107,267,000

Revenue $52.2M vs $62.1M YoY; Data & Analytics $8.8M (down 21%), IT Staffing $43.4M (down 15%).
GAAP net loss ($2.2M) or ($0.19) per diluted share vs $0.20 income in Q2 2022; includes $0.19 settlement charge.
Non-GAAP diluted EPS $0.11 vs $0.30 YoY; non-GAAP net income $1.3M vs $3.6M.
No bank debt, $18.6M cash on hand; repurchased 62,361 shares at avg $9.15 during Q2.
Data & Analytics bookings $10.1M, up $1.7M from prior quarter; gross margin improved to 45.6%.

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 0.98

Mastech Digital, Inc. reported the second quarter ended June 30, 2023 results: revenue $52.2 million, net income ($2.2 million), EPS ($0.19) per diluted share.

Period: the second quarter ended June 30, 2023
Revenue: $52.2 million
Net income: ($2.2 million)
EPS: ($0.19) per diluted share
Result: reported results

Exact text from the filing

IT Services, announced today its financial results for the second quarter ended June 30, 2023. Second Quarter 2023 Highlights: • Total consolidated revenues declined by 16% to $52.2 million, compared to revenues of $62.1 million in the second quarter of 2022; • The Company’s Data and Analytics Services segment reported revenues of $8.8 million, compared to $11.2

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Source: SEC EDGAR

accession 0001193125-23-201169

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