secwatch.observer — SEC 8-K summary
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Issuer:     TaskUs, Inc. (TASK)
CIK:        0001829864
Form:       8-K
Filed at:   2023-08-09T23:59:59+00:00
Accession:  0001829864-23-000100
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

TaskUs Q2 2023 revenue down 7% YoY to $229.2M, cuts full-year outlook
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- Q2 GAAP net income $10.1M ($0.10 diluted EPS); adjusted net income $31.8M ($0.32 adjusted EPS).
- Adjusted EBITDA $54.7M (23.8% margin); Free Cash Flow $28.7M, 52.6% conversion of EBITDA.
- Full-year revenue guidance revised to $900-910M (down ~5.8% YoY at midpoint); Q3 revenue forecast $220-222M.
- Repurchased 3.2M shares in Q2, returning $38M to shareholders; ended quarter with 47,000 teammates.
- Launched TaskGPT generative AI client pilot with MoneyLion; added new HealthTech clients.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1829864/000182986423000100/0001829864-23-000100-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1829864/000182986423000100/task-20230809.htm
  HTML page:      https://secwatch.observer/filing/0001829864-23-000100

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer