Hudson Global Q2 revenue down 21% YoY; net income falls to $0.6M

Star Equity Holdings, Inc.

2023-Q2 EPS reported $0.30 revenue$87,969,000

Revenue of $44.9M decreased 20.8% YoY; adjusted net revenue $22.6M, down 17.2%.
Net income $0.6M ($0.18 diluted) vs $3.1M ($0.98) a year earlier; adjusted EPS $0.36 vs $1.25.
Americas revenue declined 40%; Asia Pacific up 1%; Europe down 34% in constant currency.
Completed $10M buyback; new $5M buyback authorized effective August 8, 2023.
Cash $23.0M; adjusted EBITDA $2.6M vs $5.7M in Q2 2022.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Star Equity Holdings, Inc. reported the second quarter ended June 30, 2023 results: revenue Revenue of $44.9 million, net income Net income was $0.6 million, or $0.18 per diluted share, EPS $0.18 per diluted share.

Period: the second quarter ended June 30, 2023
Revenue: Revenue of $44.9 million
Net income: Net income was $0.6 million, or $0.18 per diluted share
EPS: $0.18 per diluted share
Result: reported results

Exact text from the filing

a leading global total talent solutions company, announced today financial results for the second quarter ended June 30, 2023. 2023 Second Quarter Summary • Revenue of $44.9 million decreased 20.8% from the second quarter of 2022 and 17.7% in constant currency. • Adjusted net revenue of $22.6 million decreased 17.2% from the second quarter of 2022 and 15.4%

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Star Equity Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001210708-23-000083

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