secwatch.observer — SEC 8-K summary
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Issuer:     Star Equity Holdings, Inc. (STRR)
CIK:        0001210708
Form:       8-K
Filed at:   2023-03-30T23:59:59+00:00
Accession:  0001210708-23-000032
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 4.02
LLM model:  deepseek-v4-flash:cloud@v2

Hudson Global restates Q2 and Q3 2022 financials due to $5.8M revenue understatement
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- Error in accounting for a discretionary bonus payment paid on behalf of a customer.
- Revenue and direct contracting costs understated by $5.762 million for the affected periods.
- No impact on net income, cash flows, balance sheet, or non-GAAP metrics EBITDA/adjusted EBITDA.
- Company will file amendments to 10-Qs for Q2 and Q3 2022 to correct the error.
- Restatement does not affect the FY2022 annual report on Form 10-K.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1210708/000121070823000032/0001210708-23-000032-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1210708/000121070823000032/hson-20230330.htm
  HTML page:      https://secwatch.observer/filing/0001210708-23-000032

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