earnings
confidence high
sentiment negative
materiality 0.80
Hurco reports Q4 net loss of $1.44M; full-year sales down 18% to $186.6M
HURCO COMPANIES INC
- Q4 net loss $1.44M ($0.23/share) vs net income $2.42M ($0.36/share) a year ago.
- Full-year net loss $16.6M ($2.56/share) includes $8.6M non-cash tax valuation allowance.
- Q4 sales $53.7M (-19% YoY); gross margin fell to 23% from 26% on lower volumes and pricing.
- Asia Pacific orders up 103% in Q4 and 54% for full year; Americas and Europe orders down.
- Cash and equivalents $33.3M vs $41.8M; working capital $180.8M down from $193.3M.