secwatch.observer — SEC 8-K summary
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Issuer:     HURCO COMPANIES INC (HURC)
CIK:        0000315374
Form:       8-K
Filed at:   2022-01-07T23:59:59+00:00
Accession:  0001558370-22-000116
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/315374/000155837022000116/0001558370-22-000116-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/315374/000155837022000116/hurc-20220107x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-22-000116

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