The chart below shows how HSON performed 10 days before and after its earnings report, based on data from the past quarters. Typically, HSON sees a +1.47% change in stock price 10 days leading up to the earnings, and a +0.08% change 10 days following the report. On the earnings day itself, the stock moves by -0.88%. This data can give you a slight idea of what to expect for the next quarter's release.
Positive
Revenue Decline Analysis: For the third quarter of 2024, we reported revenue of $36.9 million, down 8% year-over-year in constant currency, while our adjusted net revenue was $18.6 million, down 5% year-over-year in constant currency.
EBITDA Decline Analysis: Our adjusted EBITDA for the third quarter was $0.8 million versus adjusted EBITDA of $2 million a year ago.
Quarterly Cash Position: We ended the quarter with $16.5 million in cash, including $0.7 million of restricted cash.
Cash Flow Improvement: The company generated $1.3 million in cash flow from operations during the third quarter of 2024 compared to a $0.7 million cash outflow from operations in the third quarter of 2023.
Net Loss Comparison: We reported a net loss of $0.8 million or $0.28 per diluted share versus net income of $0.5 million or $0.17 per diluted share in the same period of last year.
Negative
Revenue Decline Analysis: For the third quarter of 2024, we reported revenue of $36.9 million, down 8% year-over-year in constant currency, while our adjusted net revenue was $18.6 million, down 5% year-over-year in constant currency.
EBITDA Decline Analysis: Our adjusted EBITDA for the third quarter was $0.8 million versus adjusted EBITDA of $2 million a year ago.
Net Loss Comparison: We reported a net loss of $0.8 million or $0.28 per diluted share versus net income of $0.5 million or $0.17 per diluted share in the same period of last year.
Net Loss Per Share: Q3 2024 adjusted net loss per share was $0.13 compared to net income per diluted share of $0.24 in the third quarter of last year.
Asia Pacific Revenue Decline: Revenue for our Asia Pacific business decreased 15% and adjusted net revenue decreased 11% year-over-year in constant currency.
Hudson Global, Inc. (HSON) Q3 2024 Earnings Call Transcript
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