Hudson Global(HSON)

Search documents
Hudson Global(HSON) - 2022 Q4 - Annual Report
2023-04-14 20:32
Revenue Performance - Revenue for the year ended December 31, 2022, was $200.9 million, an increase of $31.7 million, or 19%, compared to $169.2 million in 2021[98]. - On a constant currency basis, revenue increased by $42.8 million, or 27%, driven by a 54% increase in RPO recruitment revenue and a 9% increase in contracting revenue[98]. - The Karani Acquisition contributed $8.3 million to revenue growth, accounting for 5 percentage points of the overall increase[99]. - Adjusted net revenue in the Americas for 2022 was $49.0 million, an increase of $21.9 million or 81% compared to 2021[107]. - Adjusted net revenue in the Asia Pacific for 2022 was $34.3 million, an increase of $7.6 million or 29% compared to 2021, with RPO recruitment adjusted net revenue rising by $6.9 million or 29%[116]. - In Europe, total revenue for 2022 was $31.1 million, an increase of $11.6 million or 60% compared to 2021, with RPO recruitment revenue increasing by $5.2 million or 45%[123]. Expenses and Profitability - SG&A and Non-Op expenses were $88.5 million for 2022, an increase of $25.2 million, or 40%, compared to $63.2 million in 2021[101]. - SG&A and Non-Op expenses in the Americas rose to $44.4 million, an increase of $19.1 million or 76% compared to 2021, while as a percentage of revenue, it decreased from 88% to 86%[109]. - SG&A and Non-Op expenses in Europe increased to $14.5 million, a rise of $4.1 million or 40% compared to 2021, while as a percentage of revenue, it decreased from 53% to 46%[127]. - EBITDA for 2022 was $10.8 million, compared to $4.9 million in 2021, reflecting an increase of $6.4 million on a constant currency basis[101]. - Operating income in the Americas for 2022 was $4.3 million, a growth of $2.6 million or 155% compared to 2021, with EBITDA reaching $4.9 million, up 171%[111]. - Operating income for the year ended December 31, 2022, was $1.7 million, a 47% increase from $1.2 million in 2021[129]. - EBITDA for the year ended December 31, 2022, was $1.5 million, representing a 68% increase from $0.9 million in 2021, and accounted for 5% of revenue[130]. Net Income and Cash Flow - Net income for the year ended December 31, 2022, was $7.1 million, an increase from $3.2 million in 2021, with a constant currency increase of $4.3 million[101]. - Net income increased to $7.1 million for the year ended December 31, 2022, compared to $3.2 million in 2021, with basic and diluted earnings per share of $2.37 and $2.27, respectively[136]. - Cash and cash equivalents totaled $27.5 million as of December 31, 2022, up from $22.1 million in 2021, with net cash provided by operating activities increasing to $9.5 million from $2.5 million[137][138]. - Net cash used in investing activities decreased to $1.3 million in 2022 from $6.3 million in 2021, primarily due to the acquisition of HnB[139]. Strategic Outlook and Risks - The company anticipates continued challenging market conditions into 2023 due to higher inflation and interest rates[91]. - The impact of COVID-19 and its variants continues to present significant risks, affecting operations and financial results[94]. - The Company is subject to various risks and uncertainties that could materially affect actual results, including global economic fluctuations and competition in the market[163]. - The Company has not provided quantitative disclosures about market risk as it qualifies as a smaller reporting company[164]. Tax and Compliance - The provision for income taxes was $2.3 million on $9.5 million of pre-tax income for 2022, with an effective tax rate of 24.6%[135]. - The Company has a gross liability for income taxes associated with uncertain tax positions amounting to $0.4 million as of December 31, 2022[156]. - The Company assesses tax positions and records tax benefits for all years subject to examination based on management's evaluation, recognizing the largest amount of tax benefit with greater than 50% likelihood of realization[158]. - The Company has provided 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[159]. Corporate Governance and Future Investments - The company is exploring strategic alternatives to maximize shareholder value, including potential acquisitions and share repurchases[88]. - The company expects to make capital expenditures of less than $1 million for the full year 2023, focusing on strategic investments for future growth[142]. - Corporate expenses decreased by 13% to $2.9 million in 2022 from $3.3 million in 2021, mainly due to lower professional fees and stock compensation expenses[131]. - Depreciation and amortization expense rose to $1.4 million in 2022 from $0.6 million in 2021, driven by amortization related to acquisitions[132]. - Business combinations are accounted for under the acquisition method, with goodwill recorded when the purchase price exceeds the net fair value of assets acquired[160].
Hudson Global(HSON) - 2022 Q4 - Earnings Call Transcript
2023-03-30 17:22
Hudson Global, Inc. (NASDAQ:HSON) Q4 2022 Earnings Conference Call March 30, 2023 10:00 AM ET Company Participants Jeff Eberwein - Chief Executive Officer Matt Diamond - Chief Financial Officer Conference Call Participants Marc Riddick - Sidoti & Company Ignacio Bernaldez - EF Hutton Operator Good morning, and welcome to the Hudson Global Conference Call for the Fourth Quarter of 2022. Our call today will be led by Chief Executive Officer, Jeff Eberwein and Chief Financial Officer, Matt Diamond. Please be ...
Hudson Global(HSON) - 2022 Q4 - Earnings Call Presentation
2023-03-30 14:17
US$ in Millions, except EPS US$ in Millions, except EPS US$ in Millions Q4 2022: Hudson Asia Pacific 6 (1) + / - indicates whether the caption was higher (+) or lower (-) than the comparison period. (2) CC represents constant currency. (3) Excludes stock compensation expense. (4) Adjusted EBITDA and Adjusted Diluted EPS are non-GAAP financial measures. Please reference slide 13 of this presentation for a reconciliation of these non-GAAP measures. Europe 18% Europe 15% Asia Pacific 39% Americas 43% Contracti ...
Hudson Global(HSON) - 2022 Q3 - Earnings Call Transcript
2022-11-13 17:54
Hudson Global, Inc. (NASDAQ:HSON) Q3 2022 Earnings Conference Call November 10, 2022 10:00 AM ET Company Participants Jeffrey Eberwein - CEO Matthew Diamond - CFO Conference Call Participants Edward Reilly - EF Hutton Marc Riddick - Sidoti & Company Walter Schenker - MAZ Partners Operator Good morning, and welcome to the Hudson Global Conference Call for the Third Quarter of 2022. Our call today will be led by Chief Executive Officer Jeff Eberwein and Chief Financial Officer Matt Diamond. Please be advised ...
Hudson Global(HSON) - 2022 Q3 - Quarterly Report
2022-11-10 21:58
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 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, 2022 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: 001-38704 HUDSON GLOBAL, INC. (Exact name of registrant as specified in its charter) Delaware 59-3547281 (State or other jurisdiction of ...
Hudson Global (HSON) Investor Presentation - Slideshow
2022-09-23 15:47
… a leading global total talent solutions provider Nasdaq: HSON Investor Presentation SEPTEMBER 2022 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 presentation, ...
Hudson Global(HSON) - 2022 Q2 - Quarterly Report
2022-08-11 21:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 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 June 30, 2022 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: 001-38704 HUDSON GLOBAL, INC. (Exact name of registrant as specified in its charter) Delaware 59-3547281 (State or other jurisdiction of incor ...
Hudson Global(HSON) - 2022 Q2 - Earnings Call Transcript
2022-08-11 18:56
Hudson Global, Inc. (NASDAQ:HSON) Q2 2022 Earnings Conference Call August 11, 2022 10:00 AM ET Company Representatives Jeff Eberwein - Chief Executive Officer Matt Diamond - Chief Financial Officer Conference Call Participants Walter Schenker - MAZ Partners Marc Riddick - Sidoti Edward Riley - EF Hutton Operator Good morning, and welcome to the Hudson Global Conference Call for the Second Quarter of 2022. Our call today will be led by Chief Executive Officer, Jeff Eberwein; and Chief Financial Officer, Matt ...
Hudson Global(HSON) - 2022 Q2 - Earnings Call Presentation
2022-08-11 15:45
Hudson Global, Inc. Q2 2022 Earnings Call August 11, 2022 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 presentation, including statements regarding the Company ...
Hudson Global(HSON) - 2022 Q1 - Earnings Call Transcript
2022-05-14 20:10
Hudson Global, Inc. (NASDAQ:HSON) Q1 2022 Results Conference Call May 10, 2022 12:00 PM ET Company Participants Jeff Eberwein - Chief Executive Officer Matt Diamond - Chief Financial Officer Conference Call Participants Walter Schenker - MAZ Partners Marc Riddick - Sidoti Operator Good afternoon, and welcome to the Hudson Global Conference Call for the First Quarter of 2022. Our call this afternoon will be led by Chief Executive Officer, Jeff Eberwein; and Chief Financial Officer, Matt Diamond. Please be ad ...