Hudson Global Q1 revenue down 17% YoY; adjusted EBITDA falls to $1.1M from $5.2M

Star Equity Holdings, Inc.

2023-Q1 EPS reported $0.11 revenue$43,072,000

Revenue $43.1M (-17% YoY); adjusted net revenue $21.8M (-14.9%); net income $0.4M ($0.11 diluted EPS).
Americas revenue down 36% to $9.3M; Asia Pacific revenue down 8% to $27.3M; Europe up 16% to $6.5M.
Adjusted EBITDA $1.1M vs $5.2M Q1 2022; adjusted EPS $0.22 down from $1.23.
Cash $22.3M including restricted cash; $0.6M remaining under $10M share repurchase program.
NOL carryforward of $303M in U.S.; rights agreement limits beneficial ownership to 4.99%.

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 0.9

Star Equity Holdings, Inc. reported the first quarter ended March 31, 2023 results: revenue $43.1 million, net income $0.4 million, EPS $0.11 per diluted share.

Period: the first quarter ended March 31, 2023
Revenue: $43.1 million
Net income: $0.4 million
EPS: $0.11 per diluted share
Result: reported results

Exact text from the filing

Hudson Global, Inc. (Nasdaq: HSON) ("Hudson Global" or "the Company"), a leading global total talent solutions company, announced today financial results for the first quarter ended March 31, 2023. 2023 First Quarter Summary • Revenue of $43.1 million decreased 17.0% from the first quarter of 2022 and 13.4% in constant currency. • Adjusted net revenue of $21.8 million decreased 14.9% from the first quarter of 2022 and 12.2% in constant currency. • Net income was $0.4 million, or $0.11 per diluted share, compared to net income of $3.0 million, or $0.97 per diluted share, for the first quarter of 2022.

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Source: SEC EDGAR

accession 0001210708-23-000066

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