Hudson Global provides investor update; highlights $22M cash, $303M NOLs, new $5M buyback

Star Equity Holdings, Inc.

Cash $22.0M, zero debt; $303M usable NOL carryforwards as of Dec 31, 2022.
Acquired Hudson Singapore in Nov 2023; adds 30-year track record in SE Asia.
Adj. EBITDA (RPO) margin target 25% of adj. net revenue; Q2 2023 rolling 4Q margin 13.9%.
New $5M stock buyback program announced Aug 8, 2023; shares reduced ~12% since 12/31/18.
Board & management own ~18% of shares outstanding.

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