TAMPA, Fla., May 01, 2024 (GLOBE NEWSWIRE) -- Hudson RPO ("Hudson"), a leading global total talent solutions company owned by Hudson Global, Inc. (NASDAQ:HSON), today announced that Rachel Marshalsea has joined the firm as Director of Client Solutions, EMEA. In this role, Marshalsea is focused on expanding Hudson's client base in the region and enhancing the services and offerings the Hudson teams bring to clients. Most recently she was a Partner for a London-based executive search firm, where her role incl ...

Class Outstanding on 03/01/2024 DOCUMENTS INCORPORATED BY REFERENCE UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 001-38704 HUDSON GLOBAL, INC. (Exact name of registrant as specified in its charter) Delaware 59-3547281 (State ...

2023 Full-Year Summary Jeff Eberwein, Chief Executive Officer at Hudson Global, said, "Our fourth quarter financial results continued to reflect the year-over-year impact of the slowdown in the US technology sector and as well as fourth quarter hiring delays at certain clients, which we expect to recover beginning in the second quarter of 2024. In addition, we made significant reductions to our cost structure in the second half of 2023 and first quarter of 2024 while retaining the ability to deliver excelle ...

Revenue Performance - Revenue for Q3 2023 was $39.4 million, a decrease of $9.3 million or 19.1% compared to Q3 2022, primarily driven by declines in the Americas and Australia [170]. - Adjusted net revenue for Q3 2023 was $19.4 million, down $4.8 million or 20.0% from Q3 2022, mainly due to a decrease in RPO adjusted net revenue of $4.6 million or 20.1% [170]. - Revenue for the nine months ended September 30, 2023, was $127.4 million, a decrease of $30.0 million or 19.0% compared to the same period in 2022 [176]. - Total revenue for Q3 2023 was $39.4 million, a decrease of 19% compared to $48.7 million in Q3 2022 [177]. - For the nine months ended September 30, 2023, total revenue was $127.4 million, down 19% from $157.3 million in the same period of 2022 [177]. - For the three months ended September 30, 2023, Asia Pacific revenue was $26.1 million, a decrease of $2.7 million, or 9%, compared to the same period in 2022 [191]. - For the nine months ended September 30, 2023, Asia Pacific revenue was $81.8 million, down $4.8 million, or 6%, compared to the same period in 2022 [191]. - Revenue in Europe for the three months ended September 30, 2023, was $6.6 million, a decrease of $0.5 million or 8% compared to the same period in 2022 [208]. - For the nine months ended September 30, 2023, total revenue in the U.K. decreased by $3.5 million or 15% compared to the same period in 2022 [211]. Income and Expenses - SG&A and Non-Op expenses for Q3 2023 were $18.1 million, a decrease of $4.4 million or 19.7% compared to Q3 2022, with SG&A as a percentage of revenue at 46.0% [170]. - EBITDA for Q3 2023 was $1.2 million, down $0.4 million from $1.6 million in Q3 2022 [170]. - Net income for Q3 2023 was $0.5 million, a decrease of $0.4 million compared to net income of $1.0 million in Q3 2022 [171]. - Adjusted net revenue for the nine months ended September 30, 2023, was $63.7 million, down $13.3 million or 17.3% from the same period in 2022 [176]. - SG&A and Non-Op for the nine months ended September 30, 2023, was $60.3 million, a decrease of $7.0 million or 10.4% compared to the same period in 2022 [176]. - EBITDA for the nine months ended September 30, 2023, was $3.4 million, down $6.3 million from $9.7 million in the same period in 2022 [176]. - Net income for the nine months ended September 30, 2023, was $1.5 million, a decrease of $5.6 million compared to net income of $7.1 million in the same period in 2022 [176]. - For the three months ended September 30, 2023, the operating loss was $0.2 million, compared to operating income of $0.6 million in 2022, and EBITDA was $0.0 million, down from $0.8 million in 2022 [189]. - For the nine months ended September 30, 2023, the operating loss was $1.4 million, compared to operating income of $5.0 million in 2022, and EBITDA loss was $0.9 million, down from $5.5 million in 2022 [190]. Regional Performance - RPO revenue in the Americas decreased by $5.1 million, or 42%, in Q3 2023 compared to Q3 2022 [182]. - Contracting revenue in the Americas decreased by $0.3 million, or 56%, in Q3 2023 compared to Q3 2022 [182]. - For the three months ended September 30, 2023, adjusted net revenue in Asia Pacific was $8.7 million, an increase of $0.7 million, or 8%, compared to the same period in 2022 [196]. - For the nine months ended September 30, 2023, operating income in Asia Pacific was $6.3 million, compared to $6.1 million in 2022, with EBITDA at $5.5 million, or 7% of revenue [206]. - Adjusted net revenue for the three months ended September 30, 2023, was $3.8 million, a decrease of $0.4 million or 10% compared to the same period in 2022 [213]. - Operating income for the three months ended September 30, 2023, was $0.1 million, a decrease of $0.2 million or 59% compared to the same period in 2022 [219]. Cash Flow and Liquidity - Cash and cash equivalents totaled $22.0 million as of September 30, 2023, down from $27.5 million as of December 31, 2022 [229]. - Net cash used by operating activities for the nine months ended September 30, 2023, was $3.0 million, compared to $5.1 million of net cash provided in the same period in 2022 [230]. - For the nine months ended September 30, 2023, net cash used in investing activities was $0.1 million, a decrease from $1.3 million in 2022, primarily due to lower capital expenditures and a prior year acquisition payment of $0.8 million [231]. - Net cash used in financing activities for the nine months ended September 30, 2023, was $2.2 million, compared to $2.0 million in 2022, with the increase attributed to higher loan repayments of $0.6 million related to the Karani Acquisition [232]. - As of September 30, 2023, the Company had cash and cash equivalents of $21.6 million, with an additional borrowing capacity of 4 million Australian dollars under the NAB Facility Agreement [234]. - The Company believes it has sufficient liquidity to meet its needs for at least the next 12 months based on its financial position as of September 30, 2023 [234]. Compliance and Contingencies - The Company had no off-balance sheet arrangements that could materially affect its financial condition as of September 30, 2023 [236]. - The Company did not have any reserves for legal, regulatory, or other contingent liabilities as of September 30, 2023 [239]. - The Company is subject to various compliance audits and potential claims, but believes that none will have a material adverse effect on its financial condition [237].

Forward-Looking Statements | --- | --- | --- | --- | --- | --- | |---------------------------|-------------|-------|---------|--------------|------------| | | '+ / - (1) | | CC (2) | YTD \n2023 | YTD \n2022 | | Revenue | - | 19.0% | | $127.4 | $157.3 | | | - | 16.4% | CC | | | | Adjusted net revenue | - | 17.3% | | $63.7 | $77.0 | | | - | 15.8% | CC | | | | SG&A (3)(4) | - | 8.2% | | $57.9 | $63.1 | | | - | 6.4% | CC | | | | Adjusted EBITDA (5) | - | 58.5% | | $5.8 | $14.0 | | | - | 57.3% | CC | | | | Net I ...

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, 2023 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 ...

EBITDA (loss) (2) Non-operating expense (income), including corporate administration charges 0.3 0.6 0.1 (1.1) (0.1) Stock-based compensation expense 0.3 0.1 0.1 0.3 0.9 Non-recurring items 0.1 — 0.1 0.4 0.6 Compensation expense related to acquisitions (3) Adjusted EBITDA (loss) (2) Adjusted net revenue (1) $ 17.2 $ 18.0 $ 9.1 $ — $ 44.3 Provision for income taxes 0.7 Depreciation and amortization 0.7 Hudson Global, Inc. | --- | --- | --- | --- | --- | --- | |---------------------------|-------------|------ ...

Hudson Global, Inc. (NASDAQ:HSON) Q2 2023 Earnings Conference Call August 10, 2023 10:00 AM ET Company Participants Jeffrey Eberwein - CEO & Director Matthew Diamond - CFO Conference Call Participants Marc Riddick - Sidoti & Company Operator Good morning, and welcome to the Hudson Global Conference Call for the Second Quarter of 2023. Our call today will be led by Chief Executive Officer, Jeff Eberwein; and Chief Financial Officer, Matt Diamond. Please be advised that the statements made during the presenta ...

| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |----------------------------------------------------------------------------------------------------|-------|----------|-------|-------|--------------|-------|--------|-----------|-----------------------------------|-------| | Q1 2023 \nRevenue | | Americas | | | Asia Pacific | | Europe | Corporate | \n$ 9.3 $ 27.3 $ 6.5 $ — $ 43.1 | Total | | Adjusted net revenue (1) | | | | | | | | | $ 8.9 $ 8.5 $ 4.4 $ — $ 21.8 | | | Net income | | | | ...

Hudson Global, Inc. (NASDAQ:HSON) Q1 2023 Earnings Conference Call May 10, 2023 10:00 AM ET Company Participants Jeff Eberwein - Chief Executive Officer Matt Diamond - Chief Financial Officer Conference Call Participants Edward Reilly - EF Hutton Marc Riddick - Sidoti & Company Gabe Sanchez - Private Investor Operator Good morning, and welcome to the Hudson Global Conference Call for the First Quarter of 2023. Our call today will be led by Chief Executive Officer, Jeff Eberwein and Chief Financial Officer, ...