secwatch.observer — SEC 8-K summary
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Issuer:     HURCO COMPANIES INC (HURC)
CIK:        0000315374
Form:       8-K
Filed at:   2024-06-07T23:59:59+00:00
Accession:  0001558370-24-008987
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hurco reports Q2 net loss of $3.9M; sales down 16% YoY as market softens
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- Net loss $0.61 per diluted share vs net income $0.06 in Q2 last year; six-month loss $0.86.
- Sales $45.2M, down 16% YoY; orders $44.2M, down 27% YoY.
- Gross profit margin fell to 18% from 23% due to lower volume and price cuts to reduce inventories.
- European sales dropped 24%, Americas -8%, Asia Pacific flat; six-month Europe -22%, Americas -17%.
- Cash & equivalents $37.5M; working capital $187.6M; management emphasizes cost controls and R&D investment.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/315374/000155837024008987/0001558370-24-008987-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/315374/000155837024008987/hurc-20240607x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-008987

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