Hurco reports Q1 net loss of $0.25 per share; revenue down 18% to $45.1M

HURCO COMPANIES INC

2024-Q1 EPS reported -$0.25 revenue$45,059,000

Net loss of $1.65M ($0.25/diluted share) vs net income of $1.33M ($0.20) a year ago.
Sales and service fees $45.1M, down 18% YoY; Americas -24%, Europe -20%, Asia Pacific +39%.
Orders $50.2M, down 6% YoY; Americas orders +6%, Europe -21%, Asia Pacific +61%.
Gross margin fell to 22% of sales from 23%, pressured by lower volume and fixed cost allocation.
Cash and equivalents $37.9M, down from $41.8M at Oct 31, 2023; working capital $196.3M.

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 0.98

HURCO COMPANIES INC reported first fiscal quarter ended January 31, 2024 results: revenue $45,059,000, net income net loss of $1,648,000, EPS $0.25 per diluted share.

Period: first fiscal quarter ended January 31, 2024
Revenue: $45,059,000
Net income: net loss of $1,648,000
EPS: $0.25 per diluted share
Result: reported results

Exact text from the filing

net income of $1,330,000, or $0.20 per diluted share, for the corresponding period in fiscal year 2023. Sales and service fees for the first quarter of fiscal year 2024 were $45,059,000, a decrease of $9,623,000, or 18%, compared to the corresponding prior year period, and included a favorable currency impact of $779,000, or 1%, when translating foreign sales to

View on SEC.gov

309 earnings releases filed in the last 30 days. Browse all earnings releases →

HURCO COMPANIES INC filing history →

Source: SEC EDGAR

accession 0001558370-24-002789

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.