Hudson Global Q1 revenue down 21% to $33.9M; net loss $2.9M vs year-ago profit of $0.4M

Star Equity Holdings, Inc.

2024-Q1 EPS reported -$0.95 revenue$33,891,000

Revenue $33.9M down 21.3% YoY; adjusted net revenue $16.3M down 25%.
Net loss $2.9M ($0.95 diluted loss) vs net income $0.4M ($0.11) in Q1 2023; adjusted EPS loss $0.72 vs income $0.22.
Adjusted EBITDA loss $1.5M vs positive $1.1M a year ago.
CEO expects recovery in Q2/H2 2024 citing new business wins and cost reductions; two small UAE acquisitions announced.
Cash $21.0M; share repurchase program has $4.0M remaining.

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 0.95

Star Equity Holdings, Inc. reported first quarter ended March 31, 2024 results: revenue $33.9 million, net income Net loss was $2.9 million, or $0.95 per diluted share.

Period: first quarter ended March 31, 2024
Revenue: $33.9 million
Net income: Net loss was $2.9 million, or $0.95 per diluted share
Result: reported results

Exact text from the filing

Company"), a leading global total talent solutions company, announced today financial results for the first quarter ended March 31, 2024. 2024 First Quarter Summary • Revenue of $33.9 million decreased 21.3% from the first quarter of 2023 and 20.1% in constant currency. • Adjusted net revenue of $16.3 million decreased 25.0% from the first quarter of 2023 and 24.6% in

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Source: SEC EDGAR

accession 0001210708-24-000030

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