---
schema_version: "secwatch.filing_event.v1"
accession: "0001210708-23-000066"
form_type: "8-K"
ticker: "STRR"
cik: "0001210708"
company_name: "Star Equity Holdings, Inc."
filed_at: "2023-05-10T23:59:59+00:00"
generated_at: "2026-06-15T05:54:59.392235+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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%.

## SEC filing metadata
- accession: 0001210708-23-000066
- form_type: 8-K
- ticker: STRR
- cik: 0001210708
- company_name: Star Equity Holdings, Inc.
- filed_at: 2023-05-10T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1210708/000121070823000066/0001210708-23-000066-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1210708/000121070823000066/hson-20230510.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001210708-23-000066
- JSON: https://secwatch.observer/filing/0001210708-23-000066.json
- Plain text: https://secwatch.observer/filing/0001210708-23-000066.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1210708/000121070823000066/0001210708-23-000066-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.