Harte Hanks Q1 revenue falls 4% to $47.1M; net loss of $0.8M; authorizes $6.5M share buyback

HARTE HANKS INC

2023-Q1 EPS reported -$0.11 revenue$47,120,000

Revenue $47.1M (down 4% YoY); net loss $0.8M vs net income $3.3M; diluted EPS ($0.11) vs $0.39.
Operating income $1.1M vs $3.9M; EBITDA $2.1M vs $4.5M.
Fulfillment & Logistics segment grew $3.1M to $21.5M, but lower-margin mix reduced EBITDA.
Customer Care revenue down $3.3M due to non-recurring pandemic projects; new streaming support win.
Board authorized $6.5M share repurchase (~10% of outstanding); no debt, cash $13.1M.

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

HARTE HANKS INC reported the first quarter ended March 31, 2023 results: revenue $47.1 million, net income Net loss of $0.8 million, EPS ($0.11) per diluted share.

Period: the first quarter ended March 31, 2023
Revenue: $47.1 million
Net income: Net loss of $0.8 million
EPS: ($0.11) per diluted share
Result: reported results

Exact text from the filing

to execute our strategy to maximize shareholder value and deliver sustainable profits,” concluded Linscott. First Quarter Financial Highlights ● Total revenues for Q1 2023 were $47.1 million, down 4%, compared to $49.1 million in Q1 2022. Included in 2023 was $2.8 million from InsideOut acquired in fourth quarter of 2022. ● Operating income was $1.1 million compared

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Source: SEC EDGAR

accession 0001437749-23-012259

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