secwatch.observer — SEC 8-K summary
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Issuer:     Mastech Digital, Inc. (MHH)
CIK:        0001437226
Form:       8-K
Filed at:   2023-08-02T23:59:59+00:00
Accession:  0001193125-23-201169
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1437226/000119312523201169/0001193125-23-201169-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1437226/000119312523201169/d528232d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-201169

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