Mastech Digital Q1 revenue $46.8M (-15% YoY); GAAP EPS ($0.01), non-GAAP $0.06

Mastech Digital, Inc.

2024-Q1 EPS reported -$0.01 revenue$46,823,000

Revenue $46.8M, down 15% YoY from $55.1M, but up 2% sequentially from Q4 2023.
GAAP net loss of $161K ($0.01 diluted loss); non-GAAP net income $0.8M ($0.06 diluted EPS).
IT Staffing billable consultant base grew 6% sequentially; Data & Analytics orders $9.6M.
Cash $19.4M, no bank debt; borrowing availability $24.2M under revolving credit facility.
Gross margin improved to 25.9% vs 24.5% a year ago; S,G&A expenses down 3% YoY.

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 first quarter ended March 31, 2024 results: revenue $46.8 million, net income ($161,000), EPS ($0.01) per diluted share.

Period: first quarter ended March 31, 2024
Revenue: $46.8 million
Net income: ($161,000)
EPS: ($0.01) per diluted share
Result: reported results

Exact text from the filing

IT Services, announced today its financial results for the first quarter ended March 31, 2024. First Quarter 2024 Highlights: • Total consolidated revenues declined by 15% to $46.8 million, compared to revenues of $55.1 million in the first quarter of 2023. However, total consolidated revenues during the first quarter of 2024 were 2% higher sequentially from the

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Source: SEC EDGAR

accession 0001193125-24-133795

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