Group 1 - Hudson Global, Inc. will release its first quarter financial results for the period ended March 31, 2025, before the market opens on May 13, 2025 [1] - A conference call to discuss the financial results will take place on the same day at 10:00 am ET [1] - The call will be accessible via dial-in and a simultaneous webcast on the company's investor relations website [1] Group 2 - Hudson Global, Inc. operates as a leading global total talent solutions provider under the brand name Hudson RPO [2] - The company offers customized recruitment outsourcing and total talent solutions to organizations worldwide [2] - Hudson Global focuses on developing tailored talent solutions to align with clients' strategic growth initiatives [2]

Revenue Performance - Revenue for the year ended December 31, 2024, was $140.1 million, a decrease of $21.3 million, or 13%, compared to $161.3 million in 2023[112]. - RPO revenue decreased by $10.6 million, or 14%, and contracting revenue decreased by $10.7 million, or 13%, on a constant currency basis[112]. - In the Americas, revenue decreased by $3.4 million, or 11%, with RPO revenue down by $5.7 million, or 19%, while contracting revenue increased by $2.3 million, or 240%[118]. - Adjusted net revenue in the Americas was $25.1 million for 2024, a decrease of $5.0 million, or 17%, compared to $30.1 million in 2023[119]. - Asia Pacific revenue decreased by $16.5 million, or 16%, to $86.7 million in 2024, with contracting revenue down by $12.9 million, or 18%[124]. - In Australia, revenue decreased by $21.3 million, or 23%, primarily due to a 20% decline in contracting revenue[125]. - EMEA revenue decreased by $1.4 million, or 5%, with RPO revenue down by $1.4 million, or 8%[135]. - Adjusted net revenue in EMEA decreased by $1.3 million, or 8%, driven by a 9% decline in RPO adjusted net revenue[138]. Financial Losses - EBITDA loss was $2.5 million for 2024, compared to EBITDA of $3.7 million for 2023, representing a decrease of $6.1 million on a constant currency basis[112]. - Net loss for the year ended December 31, 2024, was $4.8 million, compared to a net income of $2.2 million for 2023, a decrease of $7.1 million on a constant currency basis[112]. - Operating income in EMEA fell to $0.5 million in 2024 from $2.0 million in 2023, a decrease of 74%[143]. - Net loss for 2024 was $4.8 million, a decrease of $7.0 million compared to net income of $2.2 million in 2023[151]. Expenses and Cost Management - SG&A and Non-Op expenses were $72.6 million for 2024, a decrease of $4.0 million, or 5%, compared to $76.6 million in 2023[112]. - For the year ended December 31, 2024, SG&A and Non-Op in the Americas decreased by $6.2 million, or 20%, compared to 2023, with SG&A and Non-Op as a percentage of revenue decreasing from 100% to 90%[120]. - SG&A and Non-Op in Asia Pacific increased by $1.3 million, or 5%, with SG&A and Non-Op as a percentage of revenue rising to 33% in 2024 from 27% in 2023[131]. - Corporate expenses increased by $0.6 million, or 20%, to $3.6 million in 2024 from $3.0 million in 2023[145]. Cash Flow and Liquidity - Cash and cash equivalents decreased to $17.7 million as of December 31, 2024, down from $23.2 million in 2023[152]. - Net cash used in operating activities was $2.8 million in 2024, compared to a net cash provided of $0.3 million in 2023, a decline of $3.1 million[153]. - Net cash provided by investing activities was $1.1 million in 2024, contrasting with $2.2 million used in 2023, reflecting cash received from benefit payouts[154]. - Net cash used in financing activities increased to $3.1 million in 2024 from $2.5 million in 2023, primarily due to share repurchases of $2.8 million[155]. - The company believes it has sufficient liquidity to meet its needs for at least the next 12 months[158]. Market Conditions and Strategic Outlook - The company anticipates that challenging market conditions, including persistent inflation and higher interest rates, will continue into 2025[108]. - The company is exploring strategic alternatives to maximize shareholder value, including potential acquisitions and share repurchases[106]. Tax and Compliance - The effective tax rate for 2024 was negative 37.5%, compared to 14.4% in 2023, primarily due to pre-tax losses[150]. - As of December 31, 2024, the Company's gross liability for income taxes associated with uncertain tax positions was $0.1 million[171]. - The Company has provided for tax on all unremitted earnings of foreign subsidiaries, recognizing the tax on Global Intangible Low Taxed Income ("GILTI") as a period expense in the year incurred[174]. - The Company assesses tax positions and records tax benefits based on a greater than 50% likelihood of realization upon settlement with tax authorities[173]. - The Company believes its tax reserves reflect the probable outcome of known tax contingencies, although uncertainties may impact results[173]. Business Combinations and Accounting - Business combinations are accounted for under the acquisition method, with goodwill recorded when the purchase price exceeds the net fair value of assets acquired[175]. - Transaction costs in business combinations are expensed, while in asset acquisitions, they are considered part of the acquisition cost[175].

Financial Data and Key Metrics Changes - In Q4 2024, the company reported revenue of $33.6 million, down 2% year over year in constant currency, while adjusted net revenue was $17.6 million, up 5.7% year over year in constant currency [7] - Adjusted EBITDA for Q4 2024 was $0.9 million, an increase from $0.1 million a year ago [7] - The company reported a net loss of $0.6 million, or $0.20 per diluted share, compared to net income of $0.7 million, or $0.23 per diluted share in the same period last year [8] Business Line Data and Key Metrics Changes - Revenue for the Americas business increased 18%, with adjusted net revenue increasing 5% year over year in constant currency, and adjusted EBITDA rose to $0.5 million from $0.2 million a year ago [10] - Asia Pacific revenue decreased 10%, while adjusted net revenue increased 6% year over year in constant currency, with adjusted EBITDA remaining flat at $0.9 million [11] - EMEA revenue increased 7% versus the prior quarter in constant currency, with adjusted net revenue up 5%, but adjusted EBITDA decreased to $0.2 million from $0.6 million a year ago [12] Market Data and Key Metrics Changes - The company generated $2.0 million of cash flow from operations in Q4 2024, down from $3.3 million in Q4 2023 [13] - The working capital, excluding cash, was $11.9 million compared to $12.0 million at December 31, 2023 [13] Company Strategy and Development Direction - The company focused on restructuring and repositioning for growth in 2024, investing $3.4 million in sales, marketing, and technology to enhance future growth [6][15] - A digital division was launched, and a Chief Digital Officer was hired to improve digital capabilities and deliver innovative talent solutions [17] - The company aims to expand its geographical reach and service offerings, with a focus on organic growth and enhancing market share with existing partners [27][29] Management's Comments on Operating Environment and Future Outlook - Management noted a modest improvement in the demand environment, with some hesitation and uncertainty affecting hiring initiatives [24] - The sales pipeline is encouraging, and management believes they are well-positioned to convert this pipeline into actual sales once market conditions improve [20] - The company anticipates that as attrition rates normalize, hiring lines will pick up, positively impacting overall business [60] Other Important Information - The company ended the year with $17.7 million in cash, including $0.7 million of restricted cash [13] - The company has a goal to reach 60,000 annual hires over the next three years and to grow RPO clients by 50% [62] Q&A Session Summary Question: Demand environment post-election - Management observed an uptick in client behavior and hiring activity, though uncertainty remains in the market affecting hiring volumes [24] Question: Investments for future growth in 2025 - The growth strategy includes M&A for geographical and product portfolio expansion, as well as enhancing the sales team [27][29] Question: Cash usage and acquisition pipeline - Internal growth projects are prioritized, with a focus on high ROI investments over acquisitions [35][38] Question: Lead time trends with RPO - The sales cycle remains consistent, with expectations for more decisions in 2025 as previous initiatives were put on hold [44] Question: Growth targets in America and EMEA - Both markets are seen as significant growth opportunities, with heavy investments being made [51] Question: New logo wins and renewals - Management is optimistic about increasing new logo wins as the market picks up, alongside strong renewals and expansions [56] Question: Attrition rates and hiring lines - The company is beginning to see attrition normalize, which is expected to lead to increased hiring [60] Question: Share repurchase goals for 2025 - The company aims for a soft goal of significant stock buybacks, contingent on market conditions and opportunities [70][72]

Hudson Global (HSON) came out with a quarterly loss of $0.05 per share versus the Zacks Consensus Estimate of a loss of $0.06. This compares to earnings of $0.04 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 16.67%. A quarter ago, it was expected that this staffing company would post earnings of $0.28 per share when it actually produced a loss of $0.13, delivering a surprise of -146.43%.Over the last four quarters, the compa ...

Q4 2024 Earnings Call M a r c h 1 4 , 2 0 2 5 Forward-Looking Statements This presentation contains statements that the Company believes to be "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact included in this press release, including statements regarding the Company's future f ...

Revenue Performance - Revenue for Q4 2024 was $33.6 million, a decrease of 1.1% from Q4 2023, or 2.0% in constant currency[5] - For the full year 2024, revenue was $140.1 million, a decrease of 13.2% from 2023, or 13.2% in constant currency[5] - Total revenue for the year ended December 31, 2024, was $140,056 million, a decrease of 13.2% from $161,338 million in 2023[33] - In Q4 2024, total revenue was $33,600 million, slightly down from $33,971 million in Q4 2023[37] - The Americas region reported Q4 2024 revenue of $7.3 million, an increase of 18% compared to Q4 2023[8] - Asia Pacific revenue for Q4 2024 was $20.0 million, a decrease of 10%, while adjusted net revenue increased by 6% to $7.4 million[10] - EMEA revenue for Q4 2024 was $6.3 million, an increase of 7%, with adjusted net revenue rising by 5% to $3.8 million[12] - The Americas region reported a revenue of $27,894 million in 2024, down 10.8% from $31,254 million in 2023[40] - Asia Pacific revenue for 2024 was $86,704 million, a decrease of 16.5% from $103,857 million in 2023[40] Adjusted Net Revenue - Adjusted net revenue for Q4 2024 was $17.6 million, an increase of 6.4% from Q4 2023, or 5.7% in constant currency[5] - Adjusted net revenue for the full year 2024 was $70.2 million, a decrease of 12.6% from 2023, or 12.8% in constant currency[5] - Adjusted net revenue for 2024 was $70,152 million, down 12.6% from $80,267 million in 2023[33] - Adjusted net income for the year ended December 31, 2023, was $2.69 million, translating to a diluted income per share of $0.86[42] Net Loss and Earnings - The net loss for Q4 2024 was $0.6 million, or $0.20 loss per diluted share, compared to a net income of $0.7 million, or $0.23 income per diluted share in Q4 2023[5] - The company reported a net loss of $4,770 million for 2024, compared to a net income of $2,198 million in 2023[33] - For the three months ended December 31, 2024, Hudson Global reported a net loss of $585,000, resulting in a diluted loss per share of $0.20[42] - For the year ended December 31, 2024, the net loss was $4.77 million, with a diluted loss per share of $1.59[42] - The adjusted net loss for the three months ended December 31, 2024, was $147,000, resulting in a diluted loss per share of $0.05[42] Operating Expenses - Total operating expenses for the three months ended December 31, 2024, were $33,725,000, down 4.3% from $35,238,000 in the prior year[24] - SG&A expenses for the year 2024 totaled $72,600 million, a decrease of 6.1% from $77,417 million in 2023[40] - Operating loss for 2024 was $3,809 million, compared to an operating income of $1,383 million in 2023[40] Cash and Assets - Cash and cash equivalents decreased to $17,011,000 as of December 31, 2024, from $22,611,000 a year earlier[27] - Total assets decreased to $52,583,000 as of December 31, 2024, down from $60,958,000 in 2023[27] - Total stockholders' equity decreased to $40,428,000 as of December 31, 2024, down from $48,554,000 in the previous year[27] Tax and Provisions - The company reported a provision for income taxes of $837,000 for the three months ended December 31, 2024, compared to a benefit from income taxes of $(778,000) in the same period of 2023[29] - The company incurred non-recurring severance and professional fees of $2.18 million (after tax) for the year ended December 31, 2024[42] - The company reported a non-recurring severance and professional fees impact of $(617,000) (after tax) for the three months ended December 31, 2023[42] Shares Outstanding - The weighted-average shares outstanding for basic shares was 2,974,000 for the three months ended December 31, 2024, compared to 3,072,000 in the prior year[24] - The total outstanding diluted shares for the three months ended December 31, 2024, were 2,974,000[42] - The total outstanding diluted shares for the year ended December 31, 2023, were 3,140,000[42] Investment and Future Growth - The company invested approximately $3.4 million in sales, marketing, and technology in 2024 to enhance future growth[5] - As of December 31, 2024, the company had $240 million of usable net operating losses (NOL) in the U.S.[18]

Core Insights - Hudson Global, Inc. reported financial results for Q4 and full year 2024, indicating modest improvement in the fourth quarter compared to the previous year, with the Americas region showing the strongest performance [4][6][8]. Financial Performance - **Fourth Quarter 2024**: - Revenue was $33.6 million, a decrease of 1.1% from Q4 2023, or 2.0% in constant currency [6]. - Adjusted net revenue increased by 6.4% to $17.6 million, or 5.7% in constant currency [6]. - Net loss was $0.6 million, translating to a loss of $0.20 per diluted share, compared to a net income of $0.7 million, or $0.23 per diluted share in Q4 2023 [6]. - Adjusted EBITDA rose to $0.9 million from $0.1 million in Q4 2023 [6]. - **Full Year 2024**: - Total revenue decreased by 13.2% to $140.1 million, with adjusted net revenue down 12.6% to $70.2 million [6][8]. - The net loss for the year was $4.8 million, or $1.59 per diluted share, compared to a net income of $2.2 million, or $0.70 per diluted share in 2023 [6]. - Adjusted EBITDA for the year was $0.9 million, down from $5.9 million in 2023 [6]. Regional Highlights - **Americas**: - Q4 revenue was $7.3 million, an increase of 18% year-over-year, with adjusted net revenue up 5% to $6.4 million [7]. - Full year revenue decreased by 11% to $27.9 million, with adjusted net revenue down 17% to $25.1 million [8]. - **Asia Pacific**: - Q4 revenue was $20.0 million, a decrease of 10%, while adjusted net revenue increased by 6% to $7.4 million [9]. - Full year revenue decreased by 16% to $86.7 million, with adjusted net revenue down 12% to $29.4 million [10]. - **EMEA**: - Q4 revenue increased by 7% to $6.3 million, with adjusted net revenue up 5% to $3.8 million [11]. - Full year revenue decreased by 5% to $25.5 million, with adjusted net revenue down 8% to $15.6 million [12]. Corporate Costs and Liquidity - Corporate costs for Q4 2024 were $0.6 million, down from $0.7 million in Q4 2023 [13]. - For the full year, corporate costs were $3.4 million, compared to $3.7 million in 2023 [14]. - The company ended Q4 2024 with $17.7 million in cash, generating $2.0 million in cash flow from operations, down from $3.3 million in Q4 2023 [15]. Share Repurchase Program - The company approved a $5 million share repurchase program in August 2023, purchasing 154,084 shares for $2.5 million in 2024, leaving $2.1 million remaining [16]. Net Operating Loss (NOL) Carryforward - As of December 31, 2024, Hudson Global had $240 million of usable NOL in the U.S., which is considered a valuable asset for stockholders [17].

OLD GREENWICH, Conn., March 07, 2025 (GLOBE NEWSWIRE) -- Hudson Global, Inc. (NASDAQ:HSON), a leading global talent solutions company, will issue its fourth quarter financial results for the period ended December 31, 2024, before the market opens on Friday, March 14, 2025. The company will host a conference call to review its results that same day at 10:00 am ET (7:00 am PT). If you wish to join the conference call, please use the dial-in information below: Toll-Free Dial-In Number: 1-833-816-1383Internatio ...

Core Insights - Hudson RPO has appointed Stephanie Edwards as the new Chief Digital Officer and Global Head of Enterprise Solutions, aiming to enhance its digital capabilities and enterprise strategies [1][3][4] Group 1: Leadership Appointment - Stephanie Edwards brings a decade of experience from Korn Ferry, where she held senior roles, including APAC President of Digital and Managing Director of RPO for Australia and New Zealand [2] - Edwards has a proven track record in integrating advanced technology into global talent solutions, delivering measurable outcomes for clients [2] Group 2: Strategic Focus - As Chief Digital Officer, Edwards will lead the design and deployment of a next-generation digital suite to address complex talent acquisition and management challenges [3] - The focus will also be on developing a cohesive strategy for global partnerships, streamlining processes, and driving client-centric innovation [3] Group 3: Company Vision - Hudson RPO's CEO emphasized the importance of expanding digital capabilities to become a leading talent acquisition partner globally [4] - The commitment to developing a world-class digital suite is expected to solidify Hudson RPO's position as a premier choice for organizations seeking innovative and cost-efficient talent strategies [4]

Financial Performance - For the three months ended September 30, 2024, operating income was $0.2 million, compared to an operating loss of $0.2 million in 2023, and EBITDA was $0.4 million, compared to EBITDA of $0.0 million in 2023[166]. - For the nine months ended September 30, 2024, operating loss was $0.7 million, compared to an operating loss of $1.4 million in 2023, and EBITDA loss was $0.1 million, compared to EBITDA loss of $0.9 million in 2023[167]. - For the nine months ended September 30, 2024, operating income was $0.6 million, a decrease of 60% from $1.5 million in 2023[201]. - Net loss for the nine months ended September 30, 2024, was $4.2 million, compared to net income of $1.5 million for the same period in 2023, marking a decrease of $5.7 million[208]. - Basic and diluted loss per share for the nine months ended September 30, 2024, were both $1.39, compared to earnings per share of $0.48 in 2023[208]. Revenue Changes - For the three months ended September 30, 2024, revenue in the Asia Pacific region decreased by $4.1 million, or 15%, compared to the same period in 2023, with contracting revenue decreasing by $3.3 million, or 18%[169]. - In Australia, revenue decreased by $6.1 million, or 25%, for the three months ended September 30, 2024, primarily driven by a decline in contracting revenue of $3.6 million, or 21%[170]. - In Asia, revenue increased by $1.9 million, or 86%, for the three months ended September 30, 2024, primarily due to the acquisition of Hudson Global Resources (Singapore) Pte. Ltd., contributing 83 percentage points to revenue growth[171]. - In the U.K., revenue for the nine months ended September 30, 2024, decreased by $2.7 million, or 13%, driven by an 18% decline in RPO revenue[189]. - In Continental Europe, total revenue for the nine months ended September 30, 2024, was $1.7 million, an increase of $0.7 million, or 61%, primarily due to new client wins[189]. - For the three months ended September 30, 2024, adjusted net revenue in Continental Europe increased by $0.3 million, or 112%, compared to 2023[192]. - In the Middle East, total revenue for the nine months ended September 30, 2024, was $0.1 million, consistent with the same period in 2023[190]. SG&A and Non-Op Expenses - For the three months ended September 30, 2024, SG&A and Non-Op decreased by $0.6 million, or 9%, compared to the same period in 2023, with SG&A and Non-Op as a percentage of revenue decreasing from 97% to 83%[164]. - For the nine months ended September 30, 2024, SG&A and Non-Op decreased by $6.2 million, or 24%, compared to the same period in 2023, with SG&A and Non-Op as a percentage of revenue decreasing from 101% to 93%[165]. - SG&A and Non-Op in the Asia Pacific region increased by $0.7 million, or 10%, for the three months ended September 30, 2024, compared to the same period in 2023, primarily due to the Singapore Acquisition[183]. - SG&A and Non-Op expenses for the nine months ended September 30, 2024, decreased by $0.8 million, or 7%, compared to the same period in 2023[197]. Adjusted Net Revenue - For the nine months ended September 30, 2024, total adjusted net revenue as a percentage of revenue was 33% for both periods, with adjusted net revenue in Asia increasing by $3.2 million, or 72%[182]. - Adjusted net revenue for the nine months ended September 30, 2024, decreased by $1.4 million, or 11%, with RPO revenue declining by $1.5 million, or 12%[193]. EBITDA Performance - For the three months ended September 30, 2024, EBITDA was $0.3 million, or 1% of revenue, compared to EBITDA of $1.9 million, or 7% of revenue, in 2023, reflecting a decline in adjusted net revenue[185]. - For the nine months ended September 30, 2024, an EBITDA loss of $0.1 million compared to EBITDA of $5.4 million in 2023[186].