secwatch.observer — SEC 8-K summary
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Issuer:     HURCO COMPANIES INC (HURC)
CIK:        0000315374
Form:       8-K
Filed at:   2023-06-02T23:59:59+00:00
Accession:  0001558370-23-010748
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/315374/000155837023010748/0001558370-23-010748-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/315374/000155837023010748/hurc-20230602x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-010748

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