Kirk Davis
Kirk Davis departing the Company effective as of February 14, 2025
Highest-materiality recent filing
Harte Hanks to be acquired by Star Equity for $5.00/share, ~100% premium
Merger consideration: $5.00 per share cash (capped at ~$19.2M total) or 0.50 Star 10% Series A Preferred (liquidation value $10.00/share).
Harte Hanks Q1 revenue down 10.3% to $37.3M; operating loss widens to $768K
Net loss $0.6M ($0.08 per share) vs net loss $0.4M ($0.05 per share) in Q1 2025.
Harte Hanks Q4 revenue $39.9M (-15.4%); net income $2.2M vs loss; FY EBITDA positive
Q4 revenue down 15.4% to $39.9M from $47.1M; operating loss improved to $0.1M from $1.6M loss.
Harte Hanks Q2 revenue falls 14.2% to $38.6M; posts net loss of $0.3M
Total revenue $38.6M, down 14.2% YoY from $45.0M; operating income $34K vs $1.4M.
Harte Hanks appoints David Fisher as President and extends $25M credit line to 2028
David Fisher named President retroactive to June 2, 2025; previously Chief Transformation Officer since Jan 2024.
Harte Hanks enters cooperation agreement with 28.7% holder Rosenbach; standstill and voting pact
Gary and Susan Rosenbach beneficially own 2,118,635 shares (~28.7% of Harte Hanks common stock).
Harte Hanks Q1 revenue falls 8.6% to $41.6M; net loss widens to $0.4M
Revenue $41.6M, down 8.6% YoY; net loss $0.4M ($0.05/sh) vs prior year loss $0.2M.
Harte Hanks Q4 revenue falls 4.8% to $47.1M; full-year net loss $30.3M on $37.5M pension charge
Q4 2024 revenue $47.1M (-4.8% YoY); net loss $2.4M ($0.33/sh) vs net loss $2.0M ($0.27/sh) in Q4 2023.
CEO Kirk Davis departs Harte Hanks; David Fisher named Interim COO
Kirk Davis steps down as CEO effective Feb 14, 2025 for personal reasons; no disagreements with the company.
Harte Hanks Q3 revenue $47.6M (+1.1% YoY), net income $0.1M; Q4 revenue contraction expected
Total revenues $47.6M (+1.1% YoY); operating income $1.9M vs $2.9M in Q3 2023.
Harte Hanks Q2 2024 net loss $27.8M; names Sharona Sankar-King as Chief Customer and Data Officer
Q2 revenue $45.0M (-5.7% YoY); net loss $27.8M ($3.84/sh) including $38.2M pension termination charge.
Harte Hanks finalizes pension plan termination with $6.1M cash contribution, $71.9M asset transfer
On June 18, 2024, Harte Hanks signed commitment letters with Nationwide to provide pension benefits for Plan I members, effective August 2024.
Harte Hanks Q4 2023 revenue down 9.7% YoY; net loss $2.0M; projects $6M cost cuts in 2024
Q4 revenue $49.5M vs $54.8M YoY; operating loss $2.3M vs income $3.4M.
Harte Hanks Q3 revenue $47.1M (-12.6% YoY); net income $0.6M; announces Elevate transformation
Q3 revenue $47.1M, down 12.6% YoY; operating income $2.9M vs $3.8M.
Harte Hanks CFO Lauri Kearnes departs; David Garrison named Interim CFO
Kearnes steps down effective Oct 13, 2023; will advise through year-end; separation includes $350k severance, $120k bonus.
Harte Hanks Q2 revenue $47.8M, EPS $0.08 vs $0.52 YoY; net income down sharply
Total revenues $47.8M, down 1.6% YoY; Customer Care segment grew 11.9%, but Fulfillment & Logistics and Marketing Services declined.
Harte Hanks appoints Kirk Davis as CEO, replacing Brian Linscott effective June 19, 2023
Brian Linscott departed June 16, 2023; separation provides 18 months base salary and COBRA reimbursement.
Harte Hanks Q1 revenue falls 4% to $47.1M; net loss of $0.8M; authorizes $6.5M share buyback
Revenue $47.1M (down 4% YoY); net loss $0.8M vs net income $3.3M; diluted EPS ($0.11) vs $0.39.
Harte Hanks FY2022 revenue up 6% to $206.3M; operating income +98%; guidance for continued growth
Revenue $206.3M (+6% YoY); operating income $15.1M (+98%); EBITDA $17.8M (+75%).
Harte Hanks completes repurchase of all Series A Convertible Preferred shares from Wipro
Paid $9.926M cash (held in escrow since June 30) plus 100,000 common shares to retire all 9,926 preferred shares.
Harte Hanks acquires InsideOut Solutions for $7.5M; targets 3-4x EBITDA valuation
Purchase price $7.5M: $5.75M cash at closing, $1M escrow, $0.75M in HHS common stock.
Harte Hanks Q3 revenue rises 8.7% to $53.9M; diluted EPS $0.83
Revenue $53.9M (+8.7% YoY); net income $7.2M vs $4.4M, including $2.5M IP sale gain.
Harte Hanks selected as exclusive Middle Mile logistics manager for Quiet Platforms (AEO)
Quiet Platforms is wholly owned by American Eagle Outfitters (NYSE: AEO) and serves brands including Peloton, Steve Madden, Saks Off Fifth.
Harte Hanks Q2 operating income surges 179.5% to $4.0M; EPS $0.52
Revenue $48.6M, down 1.4% YoY; Fulfillment & Logistics grew 24.3%, offsetting pandemic-related project declines.
Repurchasing all 9,926 Series A Convertible Preferred Shares from Wipro; these are convertible into ~16% of common stock fully diluted.
Harte Hanks Q1 revenue up 12% to $49M; EPS $0.39 vs -$0.28 YoY; net income $3.3M
Revenue $49.0M, +12% YoY; all segments grew, Fulfillment & Logistics +28%.
Harte Hanks reports Q4 rev $52M (+10% YoY), full-year EPS $1.76 vs $(0.34) loss in 2020
Q4 operating income $2.9M vs loss of $0.4M; EBITDA improved to $3.5M from $0.3M.
Harte Hanks enters $25M revolving credit facility with Texas Capital Bank; matures 2024
New three-year asset-based revolving credit facility of up to $25M, secured by substantially all assets.
Harte Hanks uplists to Nasdaq Global Market; trading under HHS starts Dec 1
Common stock approved for listing on Nasdaq Global Market; trading begins December 1, 2021.
Harte Hanks Q3 2021: EPS $0.52, revenue up 4% to $49.6M, net income $4.4M
Diluted EPS $0.52 vs ($0.27) loss a year ago; net income $4.4M vs loss $1.6M.
Kirk Davis departing the Company effective as of February 14, 2025
appointing David Fisher to serve as the Interim Chief Operating Officer, effective as of this date
Harte Hanks, Inc. (the “Company”) announced today that David Garrison who has been serving as Interim Chief Financial Officer was appointed to role of permanent Chief Financial Officer ("CFO") of the Company, effective as of January 29, 2024.
On December 29, 2023, the Board of Directors (the “Board”) of Harte Hanks appointed Elizabeth Ross as a member of the Board, effective as of January 2, 2024.
Lauri Kearnes departing the Company as of October 13, 2023
appointing David Garrison as the Interim CFO, effective as of October 23, 2023
Brian Linscott departing the Company as of June 16, 2023
appointing Kirk Davis as Chief Executive Officer and nominating Mr. Davis to the Board, effective as of June 19, 2023
On September 24, 2021, Harte Hanks, Inc. (the “Company”) announced that Albert V. Tobia Jr. will resign as a director on the Board of Directors (the “Board”) of the Company.
Max materiality 0.90 · Median 0.65 · Most common event earnings