Hurco posts Q4 net income of $2.1M vs loss of $3.6M YoY; sales up 55%

HURCO COMPANIES INC

Net income of $2.1M ($0.31 diluted EPS) vs net loss of $3.6M ($0.54 loss) in Q4 2020.
Full-year net income of $6.8M ($1.01 EPS) vs loss of $6.2M ($0.93 loss) in FY2020.
Sales and service fees $69.0M in Q4, up 55% YoY; FY2021 sales $235.2M, up 38%.
Orders in Q4 $75.7M (+55% YoY); FY2021 orders $265.4M (+59% YoY).
Gross margin improved to 25% in Q4 (21% prior year); operating income $3.1M vs operating loss of $5.7M.

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