secwatch.observer — SEC 8-K summary
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Issuer:     HURCO COMPANIES INC (HURC)
CIK:        0000315374
Form:       8-K
Filed at:   2024-09-06T23:59:59+00:00
Accession:  0001558370-24-012638
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hurco Q3 net loss $9.6M as sales drop 20%; orders rise 26% YoY
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- Net loss of $9,596,000 ($1.47 diluted EPS) vs net income of $260,000 ($0.04) in Q3 2023.
- Sales and service fees $42,651,000, down 20% YoY; Americas -16%, Europe -23%, Asia Pacific -15%.
- Global orders $52,815,000, up 26% YoY; orders outpaced sales by over $10M.
- Recorded $8,158,000 non-cash tax valuation allowance on U.S. deferred tax assets.
- Gross profit margin fell to 18% vs 25% prior year; cost reductions implemented in Q3.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/315374/000155837024012638/0001558370-24-012638-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/315374/000155837024012638/hurc-20240906x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-012638

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