Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q ⌧ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2021 Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and ...

Financial Performance - For the three months ended June 30, 2021, Hudson Technologies reported revenues of $60,548,000, a 27% increase from $47,677,000 in the same period of 2020[9]. - Gross profit for the same period was $21,828,000, representing a 72% increase compared to $12,681,000 in Q2 2020[9]. - Operating income for the three months ended June 30, 2021, was $14,363,000, up from $5,208,000 in Q2 2020, marking a 175% increase[9]. - Net income for the six months ended June 30, 2021, was $10,201,000, compared to a net loss of $499,000 in the same period of 2020[9]. - The company recorded a net income of $11.3 million for the three months ended June 30, 2021, compared to a net income of $2.4 million for the same period in 2020[54]. - Revenues for the three-month period ended June 30, 2021 were $60.5 million, an increase of $12.8 million or 26.8% from the $47.7 million reported during the comparable 2020 period[154]. - Revenues for the six-month period ended June 30, 2021 were $94.3 million, an increase of $10.3 million or 12.3% from the $84.0 million reported during the comparable 2020 period[160]. - Net income for the six-month period ended June 30, 2021 was $10.2 million, an increase of $10.7 million from the $0.5 million of net loss reported during the comparable 2020 period[165]. Assets and Liabilities - Total current assets increased to $94,624,000 as of June 30, 2021, up from $62,142,000 at the end of 2020, reflecting a 52% growth[8]. - Total liabilities rose to $139,485,000 as of June 30, 2021, compared to $121,027,000 at the end of 2020, representing a 15% increase[8]. - The company’s accumulated deficit decreased to $67,879,000 as of June 30, 2021, from $78,080,000 at the end of 2020, showing improvement in financial health[8]. - As of June 30, 2021, the company reported trade receivables of $35.1 million, with an allowance for doubtful accounts of $1.8 million, resulting in net accounts receivable of $33.3 million[29]. - The Company had working capital of $34.8 million at June 30, 2021, an increase of $10.4 million from $24.4 million at December 31, 2020[166]. - As of June 30, 2021, the company reported inventories of $48.3 million, an increase of $3.8 million from $44.5 million at December 31, 2020[167]. - Trade receivables increased to $33.3 million, up $23.5 million from $9.8 million at December 31, 2020, primarily due to increased sales[167]. Cash Flow and Financing - Cash and cash equivalents at the end of the period were $1,873,000, compared to $1,348,000 at the end of 2020, indicating a 39% increase[8]. - Net cash used in operating activities for the six-month period ended June 30, 2021 was $8.4 million, compared to net cash provided of $2.6 million for the same period in 2020[168]. - Net cash provided by financing activities for the six-month period ended June 30, 2021 was $9.4 million, compared to $3.3 million for the same period in 2020[170]. - The Company received a $2.475 million loan under the Paycheck Protection Program (PPP) with a fixed interest rate of 1% and a two-year term[124]. - The Company has applied for loan forgiveness for the PPP loan, but there are no assurances of full forgiveness based on current guidelines[124]. - The Company believes it can satisfy its working capital requirements from anticipated cash flows and available funds under the Wells Fargo Facility[123]. Debt and Covenants - Total short-term and long-term debt as of June 30, 2021 was $97.075 million, an increase from $87.290 million at December 31, 2020, indicating a rise of 11.5%[96]. - The Company must maintain minimum liquidity of at least $5 million under the Wells Fargo Facility, with at least $3 million derived from availability[102]. - The Fourth Amendment reset the maximum TLR covenant at various dates, with September 30, 2021, set at 6.08:1 and December 31, 2021, at 5.36:1[115]. - The Company was in compliance with all covenants under the Wells Fargo Facility and the Term Loan Facility as of June 30, 2021[122]. - The Fourth Amendment required a principal repayment of $14 million upon execution and increased scheduled quarterly principal repayments to $1.312 million effective December 31, 2020[116]. Operational Insights - Hudson Technologies continues to invest in advanced separation technology to enhance its refrigerant reclamation capabilities, supporting its commitment to sustainability[19]. - The company is actively monitoring the impact of COVID-19 on its operations and has not experienced material disruptions in product procurement or distribution as of the reporting date[22]. - The Company’s refrigerant sales could be adversely affected by sourcing challenges or price declines, impacting revenue and operating results[59]. - The Company faces potential adverse effects on revenue from refrigerant sales due to regulatory changes and supply chain issues[202]. - The Company's operating results are seasonal, with peak refrigerant sales occurring in the first nine months of each year[205]. Accounting and Valuation - The company applies the FASB's guidance on revenue recognition, recognizing revenue when performance obligations are satisfied, typically upon shipment of products[42]. - The company has established a valuation allowance of approximately $14.0 million as of June 30, 2021, due to uncertainty regarding the realization of deferred tax assets[52]. - The Company recorded a full valuation allowance for deferred tax assets as of June 30, 2021 due to uncertainty regarding future realization[164]. - The Company evaluates its estimates related to doubtful accounts and inventory reserves continuously, which could materially affect its financial position if actual results differ from estimates[57]. - The Company is currently assessing the impact of new accounting standards on its financial statements, including ASU 2020-06 and ASU 2016-13[62][65]. Shareholder Information - The weighted average number of diluted shares for the six months ended June 30, 2021, was 45,844,545, compared to 42,628,560 for the same period in 2020[54]. - As of June 30, 2021, there were 3,786,653 shares of common stock available under the Company's stock option and incentive plans for future grants[86]. - The intrinsic value of options outstanding at June 30, 2021 was $10.8 million, up from $0.7 million at December 31, 2020, representing a significant increase of 1,442.9%[93]. - The intrinsic value of options exercised during the six months ended June 30, 2021 was $1.6 million, compared to $0 for the same period in 2020[95]. - Share-based compensation expense for the six months ended June 30, 2021 was $0.4 million, compared to $0.3 million for the same period in 2020, reflecting a 33.3% increase[85].

Hudson Technologies, Inc. (NASDAQ:HDSN) Q2 2021 Earnings Conference Call August 4, 2021 5:00 PM ET Company Participants John Nesbett – Institutional Marketing Services, Inc. Brian Coleman – President and Chief Executive Officer Nat Krishnamurti – Chief Financial Officer Conference Call Participants Ryan Sigdahl – Craig-Hallum Operator Good afternoon, ladies and gentlemen, and welcome to the Hudson Technologies Second Quarter 2021 Earnings Call. At this time all participants have been placed on a listen-only ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2021 OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to ____________ Commission file number 1-13412 If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended tra ...

Hudson Technologies, Inc.'s (NASDAQ:HDSN) Q1 2021 Earnings Conference Call May 5, 2021 5:00 PM ET Company Participants Jennifer Bella - Investor Relations Brian Coleman - Chairman of the Board, President and Chief Executive Officer Nat Krishnamurti - Chief Financial Officer Conference Call Participants Ryan Sigdahl - Craig-Hallum Capital Group Gerard Sweeney - ROTH Capital Partners Operator Good afternoon, ladies and gentlemen, and welcome to the Hudson Technologies First quarter 2021 Earnings Call. At this ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to ____________ Commission file number 1-13412 Hudson Technologies, Inc. (Exact name of registrant as specified in its charter) New York 13-3641539 (State or Oth ...

Hudson Technologies, Inc. (NASDAQ:HDSN) Q4 2020 Earnings Conference Call March 3, 2021 5:00 PM ET Company Participants John Nesbett - IMS Investor Relations Brian Coleman - Chairman of the Board, President and Chief Executive Officer Nat Krishnamurti - Chief Financial Officer Conference Call Participants Ryan Sigdahl - Craig-Hallum Capital Group Gerard Sweeney - ROTH Capital Partners James Giunchi - RBH Global Wealth Partners Operator Good afternoon, ladies and gentlemen, and welcome to the Hudson Technolog ...

¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2020 OR For the transition period from ____________ to ____________ Commission file number 1-13412 Hudson Technologies, Inc. (Exact name of registrant as specified in its charter) New York 13-3641539 (State ...

Hudson Technologies Inc. (NASDAQ:HDSN) Q3 2020 Earnings Conference Call November 5, 2020 5:00 PM ET Company Participants Jennifer Belodeau - Institutional Marketing Services Brian Coleman - President & Chief Executive Officer Nat Krishnamurti - Chief Financial Officer Conference Call Participants Craig Hoagland - Anderson Hoagland Operator Good day, ladies and gentlemen and welcome to the Hudson Technologies Third Quarter 2020 Earnings Call. All lines have been placed on a listen-only mode. [Operator Instru ...

Hudson Technologies Inc. (NASDAQ:HDSN) Q2 2020 Earnings Conference Call August 5, 2020 5:00 PM ET Company Participants Nat Krishnamurti - CFO Brian Coleman - President & COO Jennifer Belodeau - Institutional Marketing Services Conference Call Participants Gerard Sweeney - ROTH Capital Partners Ryan Sigdahl - Craig-Hallum Capital Group Operator Hello, everyone, and thank you for joining today's Hudson Technologies Second Quarter 2020 Earnings Report. [Operator instructions] To get us started with opening rem ...