---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-010748"
form_type: "8-K"
ticker: "HURC"
cik: "0000315374"
company_name: "HURCO COMPANIES INC"
filed_at: "2023-06-02T23:59:59+00:00"
generated_at: "2026-06-14T08:37:52.261465+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Hurco Q2 net income drops to $0.06 EPS from $0.30; revenue down 14%

## Summary
- Net income $377K ($0.06 diluted) vs $2.0M ($0.30) in Q2 2022; six-month net income $1.7M ($0.26).
- Sales $53.8M, down 14% YoY; unfavorable FX impact of $1.5M (2%). Asia Pacific sales fell 42%.
- Gross margin 23% of sales vs 25% prior year; SG&A 22% of sales vs 20%.
- Orders $60.2M, up 2% YoY (FX-adjusted -1%); Europe orders grew 18%.
- Cash $52.2M at April 30, 2023, down from $63.9M at Oct 31, 2022.

## SEC filing metadata
- accession: 0001558370-23-010748
- form_type: 8-K
- ticker: HURC
- cik: 0000315374
- company_name: HURCO COMPANIES INC
- filed_at: 2023-06-02T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/315374/000155837023010748/0001558370-23-010748-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/315374/000155837023010748/hurc-20230602x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-010748
- JSON: https://secwatch.observer/filing/0001558370-23-010748.json
- Plain text: https://secwatch.observer/filing/0001558370-23-010748.txt

## Key facts
- Earnings Releases
  HURCO COMPANIES INC reported second fiscal quarter ended April 30, 2023 results: revenue $53,819,000, net income $377,000, EPS $0.06 per diluted share.
  - Period: second fiscal quarter ended April 30, 2023
  - Revenue: $53,819,000
  - Net income: $377,000
  - EPS: $0.06 per diluted share
  - Result: reported results
  source text: net income of $5,564,000, or $0.83 per diluted share, for the corresponding period in fiscal year 2022. ​ Sales and service fees for the second quarter of fiscal year 2023 were $53,819,000, a decrease of $9,006,000, or 14%, compared to the corresponding prior year period, and included an unfavorable currency impact of $1,503,000, or 2%, when translating foreign sales
  evidence_url: https://www.sec.gov/Archives/edgar/data/315374/000155837023010748/0001558370-23-010748-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.