Mastech Digital Q3 revenues fall 24% to $47.8M; GAAP EPS $0.01, non-GAAP $0.11

Mastech Digital, Inc.

2023-Q3 EPS reported -$0.15 revenue$155,046,000

Total revenues $47.8M, down 24% from $63.1M in Q3 2022; Data & Analytics $8.0M vs $10.1M.
GAAP diluted EPS $0.01 (Q3 2022: $0.20); Non-GAAP diluted EPS $0.11 (Q3 2022: $0.33).
IT Staffing revenues $39.8M, down from $53.1M; billable consultant count declined at slower rate.
Cash $15.9M, no bank debt, $25M revolver available; DSO 55 days.
Management cites economic uncertainty; expects continued cost reductions.

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 the third quarter ended September 30, 2023 results: revenue $47.8 million, net income GAAP net income for the third quarter of 2023 totaled $125,000 or $0.01 per diluted share, EPS $0.01 per diluted share.

Period: the third quarter ended September 30, 2023
Revenue: $47.8 million
Net income: GAAP net income for the third quarter of 2023 totaled $125,000 or $0.01 per diluted share
EPS: $0.01 per diluted share
Result: reported results

Exact text from the filing

announced today its financial results for the third quarter ended September 30, 2023. Third Quarter 2023 Highlights: • Total consolidated revenues declined by 24% to $47.8 million, compared to revenues of $63.1 million in the third quarter of 2022; • The Company’s Data and Analytics Services segment reported revenues of $8.0 million, compared to $10.1

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Source: SEC EDGAR

accession 0001193125-23-267748

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