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]

Core Viewpoint - Hudson Global (HSON) has received an upgrade to a Zacks Rank 1 (Strong Buy), indicating a positive outlook based on rising earnings estimates, which significantly influence stock prices [1][4][6]. Earnings Estimates and Revisions - The Zacks Consensus Estimate for Hudson Global indicates an expected earnings of -$0.03 per share for the fiscal year ending December 2024, reflecting a year-over-year decline of 103.5% [9]. - Over the past three months, analysts have raised their earnings estimates for Hudson Global, with the Zacks Consensus Estimate increasing by 78.6% [9]. Zacks Rating System - The Zacks rating system is based solely on changes in a company's earnings picture, providing a more objective measure compared to traditional Wall Street ratings [2][3]. - The Zacks Rank system categorizes stocks into five groups, with Zacks Rank 1 stocks historically generating an average annual return of +25% since 1988 [8]. - Hudson Global's upgrade to Zacks Rank 1 places it in the top 5% of Zacks-covered stocks, suggesting potential for market-beating returns in the near term [11].

Financial Data and Key Metrics Changes - For Q2 2024, the company reported revenue of $35.7 million, down 20% year-over-year in constant currency, while adjusted net revenue was $17.6 million, down 22% year-over-year in constant currency [3][4] - Adjusted EBITDA for Q2 2024 was $0.7 million compared to $2.6 million in the same period last year [4] - The company reported a net loss of $0.4 million or $0.15 per diluted share, compared to net income of $0.6 million or $0.18 per diluted share in Q2 2023 [4] Business Line Data and Key Metrics Changes - Revenue for the Americas business decreased 19% year-over-year in constant currency, with adjusted net revenue down 24% [5] - Asia Pacific business revenue and adjusted net revenue both decreased 19% year-over-year in constant currency [5] - EMEA business revenue decreased 24% year-over-year in constant currency, with adjusted net revenue down 23% [6] Market Data and Key Metrics Changes - The company ended Q2 2024 with $15.3 million in cash, including $0.6 million of restricted cash, and used $4.3 million in cash flow from operations during the quarter [6] - Day sales outstanding increased to 59 days at June 30, 2024, compared to 52 days at March 31, 2024 [7] Company Strategy and Development Direction - The company expanded its geographical footprint and service offerings through the acquisition of Striver, a UAE-based talent acquisition firm [8] - The company is focusing on a land-and-expand strategy within its existing client base, aiming to deepen relationships despite smaller new business opportunities [8] - Cost-saving measures have been implemented, including workforce reductions, to protect profitability and optimize talent [9] Management's Comments on Operating Environment and Future Outlook - Management noted that hiring volumes remain lower than normal, impacting revenue, but expressed optimism about client feedback and new business wins [10] - The company believes it is at the bottom of the cycle and expects recovery, with a goal of repurchasing 10% of its shares this year [18] Other Important Information - The company has repurchased over 150,000 shares for $2.5 million under its $5 million share repurchase program, including 87,000 shares for $1.5 million in Q2 2024 [11] Q&A Session Summary Question: Client behavior and current engagement - Management noted a hesitation in the market, with smaller deals (500 to 1,500 hires) increasing while larger deals (5,000+ hires) are taking longer to finalize [12][13] Question: Client receptivity to RPO - There has been no notable change in client behavior regarding RPO, with RPO still seen as a cost-saving and scalable option [14] Question: Tax rate clarification - The tax rate is difficult to predict due to the mix of business, with the best guidance being a blend of statutory rates across countries [15][16] Question: Share repurchase activity for the remainder of the year - The company believes it is starting to recover and has a soft goal of repurchasing 10% of its shares this year, depending on market conditions [17][18]

分组1 - Hudson Global reported quarterly earnings of $0.04 per share, exceeding the Zacks Consensus Estimate of a loss of $0.07 per share, representing an earnings surprise of 157.14% [1] - The company posted revenues of $35.71 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 1.95%, but down from $44.9 million year-over-year [2] - Hudson Global shares have increased approximately 14.2% since the beginning of the year, outperforming the S&P 500's gain of 9% [3] 分组2 - The earnings outlook for Hudson Global is mixed, with the current consensus EPS estimate for the coming quarter at $0.28 on revenues of $45.38 million, and for the current fiscal year at -$0.14 on revenues of $158.11 million [7] - The Zacks Industry Rank indicates that the Outsourcing industry is currently in the bottom 29% of over 250 Zacks industries, which may impact stock performance [8]

OLD GREENWICH, Conn., Aug. 01, 2024 (GLOBE NEWSWIRE) -- Hudson Global, Inc. (Nasdaq: HSON), a leading global talent solutions company, will issue its second quarter financial results for the period ended June 30, 2024, before the market opens on Thursday, August 8, 2024. 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: 1-833-816-1383 Internation ...

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 March 31, 2024 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 inco ...

Exhibit 99.1 For Immediate Release Hudson Global Reports 2024 First Quarter Results OLD GREENWICH, CT - May 10, 2024 - Hudson Global, Inc. (Nasdaq: HSON) ("Hudson Global" or "the Company"), a leading global total talent solutions company, announced today financial results for the first quarter ended March 31, 2024. 2024 First Quarter Summary "As expected, our first quarter 2024 results were weak due to lower than normal hiring volumes at many of our clients," said Jeff Eberwein, Chief Executive Officer of H ...

OLD GREENWICH, Conn., May 10, 2024 (GLOBE NEWSWIRE) -- Hudson Global, Inc. (NASDAQ:HSON) ("Hudson Global" or "the Company"), a leading global total talent solutions company, announced today financial results for the first quarter ended March 31, 2024. 2024 First Quarter Summary Revenue of $33.9 million decreased 21.3% from the first quarter of 2023 and 20.1% in constant currency.Adjusted net revenue of $16.3 million decreased 25.0% from the first quarter of 2023 and 24.6% in constant currency.Net loss was $ ...

OLD GREENWICH, Conn., May 03, 2024 (GLOBE NEWSWIRE) -- Hudson Global, Inc. (NASDAQ:HSON), a leading global talent solutions company, will issue its first quarter financial results for the period ended March 31, 2024, before the market opens on Friday, May 10, 2024. 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: 1-833-816-1383International Dial ...