secwatch.observer — SEC 8-K summary
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Issuer:     HURCO COMPANIES INC (HURC)
CIK:        0000315374
Form:       8-K
Filed at:   2024-03-08T23:59:59+00:00
Accession:  0001558370-24-002789
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/315374/000155837024002789/0001558370-24-002789-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/315374/000155837024002789/hurc-20240308x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-002789

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