secwatch / observer
8-K filed February 7, 2024, 6:59 PM ET ticker MHH CIK 0001437226
earnings confidence high sentiment negative materiality 0.70

Mastech Digital Q4 revenue falls 20%; GAAP EPS ($0.46) on goodwill impairment; bookings improve in data segment

Mastech Digital, Inc.

2023-FY EPS reported -$0.61 revenue$201,098,000

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Mastech Digital, Inc. reported full year ended December 31, 2023 results: revenue $201.1 million, net income ($7.1 million), EPS ($0.61) per diluted share.

Period
full year ended December 31, 2023
Revenue
$201.1 million
Net income
($7.1 million)
EPS
($0.61) per diluted share
Result
reported results
Exact text from the filing
and was reflective of clients’ desires to complete existing projects before the end of the 2023 calendar year. Full Year Results: Revenues for the full year of 2023 totaled $201.1 million, compared to $242.2 in 2022. Gross profits for 2023 were $51.0 million or 25.4% of total revenues, compared to $63.2 million or 26.1% of total revenues in 2022. GAAP net (loss)
View on SEC.gov
Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Mastech Digital, Inc. reported fourth quarter ended December 31, 2023 results: revenue $46.1 million, net income ($5.4 million), EPS ($0.46) per diluted share.

Period
fourth quarter ended December 31, 2023
Revenue
$46.1 million
Net income
($5.4 million)
EPS
($0.46) per diluted share
Result
reported results
Exact text from the filing
today its financial results for the fourth quarter and full year ended December 31, 2023. Fourth Quarter 2023 Highlights: • Total consolidated revenues declined by 20% to $46.1 million, compared to revenues of $57.2 million in the fourth quarter of 2022; • The Company’s Data and Analytics Services segment reported revenues of $8.2 million, compared to $9.1
View on SEC.gov

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Mastech Digital, Inc. filing history →

Source: SEC EDGAR
accession 0001193125-24-025943
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