Financial Data and Key Metrics Changes - For Q3 2024, the company reported revenue of $36.9 million, down 8% year-over-year in constant currency, while adjusted net revenue was $18.6 million, down 5% year-over-year in constant currency [6] - Adjusted EBITDA for Q3 was $0.8 million compared to $2 million a year ago [6] - The company reported a net loss of $0.8 million or $0.28 per diluted share, compared to net income of $0.5 million or $0.17 per diluted share in the same period last year [7] Business Line Data and Key Metrics Changes - Americas business revenue increased 6%, while adjusted net revenue decreased 3% year-over-year in constant currency, with adjusted EBITDA of $0.6 million, up from $0.3 million last year [8] - Asia Pacific business revenue decreased 15%, and adjusted net revenue decreased 11% year-over-year in constant currency, with adjusted EBITDA of $0.9 million compared to $2.3 million a year ago [8][9] - EMEA business revenue increased 7% year-over-year in constant currency, with adjusted net revenue increasing 5%, and adjusted EBITDA was flat at $0.2 million compared to the previous year [9] Market Data and Key Metrics Changes - The company ended the quarter with $16.5 million in cash, including $0.7 million of restricted cash, and generated $1.3 million in cash flow from operations, compared to a $0.7 million cash outflow from operations in Q3 2023 [10] - Days sales outstanding improved to 56 days at September 30, 2024, from 59 days at June 30, 2024 [10] Company Strategy and Development Direction - The company is focusing on enhancing geographical reach and service offerings through strategic hires, which have led to recognitions in the industry [11] - The "land and expand" strategy is showing incremental gains, with expansion into new geographies and territories with existing partners [12] - The company is committed to rightsizing its business to support client demands and provide necessary services [13] Management's Comments on Operating Environment and Future Outlook - Management noted that hiring volumes from existing clients have been significantly below expectations, particularly in the financial sector in Asia Pacific, but expects a return to normal levels next year [16][23] - The company is optimistic about client feedback and new business wins, indicating a robust sales pipeline and a bright future ahead [14] - Management highlighted the importance of a stable, pro-business environment for improving hiring levels, especially in the financial services sector [23] Other Important Information - The balance sheet reflects $5.8 million of goodwill and $2.8 million of net amortizable intangible assets as of September 30, 2024 [10] - The company has been actively buying back stock, with $2.5 million worth repurchased this year, and believes its stock is undervalued [27] Q&A Session Summary Question: Differences in activity across regions - Management noted growth in the Americas and EMEA, while Asia Pacific has seen lower hiring volumes, particularly in the financial sector [16][17] Question: Industry verticals leading activity - Life sciences and pharmaceuticals sectors remain stable, while financial services are underperforming, and technology is seeing incremental improvement [20] Question: Political ramifications on client demand - Management stated it is too early to assess political impacts but noted ongoing market uncertainties and the potential for a more stable environment to improve hiring [22][23] Question: Free cash flow and acquisition pipeline - The company is always looking at acquisition targets but prefers organic growth; no significant acquisitions are imminent, and they continue to buy back stock [25][27]

Q3 2024 Earnings Call N o v e m b e r 1 2 , 2 0 2 4 Forward Looking Statements 2 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 ...

Core Viewpoint - Hudson Global reported a quarterly loss of $0.13 per share, significantly missing the Zacks Consensus Estimate of $0.28, and down from earnings of $0.24 per share a year ago, indicating a negative earnings surprise of -146.43% [1] Financial Performance - The company posted revenues of $36.85 million for the quarter ended September 2024, missing the Zacks Consensus Estimate by 18.79% and down from $39.4 million in the same quarter last year [2] - Over the last four quarters, Hudson Global has surpassed consensus EPS estimates only once and has topped consensus revenue estimates just once [2] Stock Performance - Hudson Global shares have declined approximately 7% since the beginning of the year, contrasting with the S&P 500's gain of 25.8% [3] Future Outlook - The company's earnings outlook will be crucial for investors, particularly in light of the mixed trend in estimate revisions ahead of the earnings release [4][6] - The current consensus EPS estimate for the upcoming quarter is $0.35 on revenues of $43.82 million, while for the current fiscal year, it is -$0.03 on revenues of $158.8 million [7] Industry Context - The Outsourcing industry, to which Hudson Global belongs, is currently ranked in the bottom 19% of over 250 Zacks industries, indicating potential challenges ahead [8]

Revenue Performance - Revenue for Q3 2024 was $36.9 million, a decrease of 6.5% from Q3 2023, and an 8.1% decrease in constant currency[2] - Adjusted net revenue for Q3 2024 was $18.6 million, down 4.0% from Q3 2023, with a 5.2% decrease in constant currency[2] - Total revenue for the three months ended September 30, 2024, was $36.853 million, with adjusted net revenue of $18.603 million[23] - Total revenue for Q3 2024 was $36,853,000, a decrease from $39,398,000 in Q3 2023, reflecting a constant currency revenue of $40,084,000[27] - Adjusted net revenue for Q3 2024 was $18,603,000, down from $19,370,000 in Q3 2023, with a constant currency adjusted net revenue of $19,624,000[27] Profitability and Loss - The net loss for Q3 2024 was $0.8 million, or $0.28 per diluted share, compared to a net income of $0.5 million, or $0.17 per diluted share, in Q3 2023[3] - Adjusted EBITDA for Q3 2024 was $0.8 million, a decrease from $2.0 million in Q3 2023[3] - The net loss for the three months ended September 30, 2024, was $846,000, while the net loss for the nine months was $4.185 million[23][24] - Adjusted EBITDA for the three months ended September 30, 2024, was a loss of $839,000, compared to a profit of $2.004 million for the same period in 2023[23] - Adjusted EBITDA for the nine months ended September 30, 2024, was $42,000, significantly lower than the $5.801 million reported for the same period in 2023[24] - Operating loss for Q3 2024 was $(457,000), a significant decline from an operating income of $1,277,000 in Q3 2023[27] - EBITDA loss for Q3 2024 was $(283,000), compared to an EBITDA of $1,247,000 in Q3 2023, showing a downward trend[27] - Net loss for Q3 2024 was $(846,000), resulting in a diluted loss per share of $(0.28)[28] - Adjusted net loss for Q3 2024 was $(389,000), leading to an adjusted diluted loss per share of $(0.13)[28] - In Q3 2023, the company reported a net income of $533,000, with an adjusted net income of $755,000, resulting in a diluted earnings per share of $0.24[29] Regional Revenue Breakdown - Americas revenue increased by 6% to $7.6 million in Q3 2024, while adjusted net revenue decreased by 3% to $6.6 million[7] - Asia Pacific revenue decreased by 15% to $22.6 million, with adjusted net revenue down 11% to $7.8 million in Q3 2024[8] - EMEA revenue increased by 7% to $6.7 million, and adjusted net revenue rose by 5% to $4.1 million in Q3 2024[9] Cash and Assets - The company ended Q3 2024 with total cash of $16.5 million, including $0.7 million in restricted cash[12] - Cash and cash equivalents decreased from $22.611 million on December 31, 2023, to $15.835 million by September 30, 2024[21] - Total assets decreased from $60.958 million at the end of 2023 to $57.154 million by September 30, 2024[21] - Total liabilities increased from $12.404 million at the end of 2023 to $14.214 million by September 30, 2024[21] - Stockholders' equity decreased from $48.554 million at the end of 2023 to $42.940 million by September 30, 2024[21] Share Repurchase and Tax Provision - The company repurchased $0.4 million of stock in Q3 2024, totaling $2.5 million year-to-date under the $5 million share repurchase program[4] - The company reported a provision for income taxes of $298,000 for the three months ended September 30, 2024[23] Foreign Currency Impact - The company experienced a significant foreign currency impact, with constant currency measures providing a clearer view of operational performance[26] - Management emphasizes the importance of constant currency measures to better represent underlying business trends and operational changes[26] Usable Net Operating Losses - As of December 31, 2023, Hudson Global had $302 million of usable net operating losses (NOL) in the U.S.[14]

Hudson Global (HSON) could be a solid choice for investors given its recent upgrade to a Zacks Rank #1 (Strong Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices. The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the syst ...

For those looking to find strong Business Services stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Hudson Global (HSON) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out. Hudson Global is a member of our Business Services group, which includes 316 different companies and currently sits at #6 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of ...

Hudson Global, Inc. (NASDAQ:HSON) Q2 2024 Earnings Conference Call August 8, 2024 10:00 AM ET Company Participants Jeff Eberwein - Chief Executive Officer Matt Diamond - Chief Financial Officer Jake Zabkowicz - Global Chief Executive Officer, Hudson RPO Conference Call Participants Marc Riddick - Sidoti Operator Good morning and welcome to the Hudson Global Conference Call for the Second Quarter of 2024. Our call today will be led by Chief Executive Officer, Jeff Eberwein; Chief Financial Officer, Matt Diam ...

Q2 2024 Earnings Call A u g u s t 8 , 2 0 2 4 Forward Looking Statements 2 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 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol Name of each exchange on which registered Common Stock, $0.001 par value HSON The NASDAQ Stock Market LLC Preferred Share Purchase Rights The NASDAQ Stock Market LLC FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 or ☐ TRANSITION REPORT PURSUANT T ...

Hudson Global (HSON) came out with quarterly earnings of $0.04 per share, beating the Zacks Consensus Estimate of a loss of $0.07 per share. This compares to earnings of $0.36 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 157.14%. A quarter ago, it was expected that this staffing company would post earnings of $0.26 per share when it actually produced a loss of $0.72, delivering a surprise of -376.92%. Over the last four qu ...