secwatch.observer — SEC 8-K summary
======================================

Issuer:     Mastech Digital, Inc. (MHH)
CIK:        0001437226
Form:       8-K
Filed at:   2023-11-01T23:59:59+00:00
Accession:  0001193125-23-267748
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1437226/000119312523267748/0001193125-23-267748-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1437226/000119312523267748/d574411d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-267748

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer