secwatch.observer — SEC 8-K summary
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Issuer:     Mastech Digital, Inc. (MHH)
CIK:        0001437226
Form:       8-K
Filed at:   2024-05-08T23:59:59+00:00
Accession:  0001193125-24-133795
Event type: earnings
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1437226/000119312524133795/0001193125-24-133795-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1437226/000119312524133795/d741597d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-133795

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