secwatch.observer — SEC 8-K summary
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Issuer:     HURCO COMPANIES INC (HURC)
CIK:        0000315374
Form:       8-K
Filed at:   2025-03-07T23:59:59+00:00
Accession:  0001558370-25-002462
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hurco Q1 net loss widens to $0.67/sh; sales up 3% but orders slump 20%
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- Net loss of $4.32M ($0.67 diluted loss) vs. $1.65M loss ($0.25) a year ago; includes $2.39M non-cash tax valuation allowance.
- Sales & service fees $46.4M (+3% YoY); Americas +9%, Europe -5%, Asia Pacific +18%.
- Orders fell 20% to $40.1M; Americas -30%, Europe -18%, Asia Pacific +3%.
- Gross margin contracted to 18% from 22% on unfavorable product mix and lower production volumes.
- Cash grew to $41.8M from $33.3M at Oct 2024; working capital $172.6M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/315374/000155837025002462/0001558370-25-002462-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/315374/000155837025002462/hurc-20250307x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-25-002462

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