The most oversold stocks in the industrials sector presents an opportunity to buy into undervalued companies.Here's the latest list of major oversold players in this sector, having an RSI near or below 30.Hurco Companies Inc (NASDAQ:HURC)FreightCar America Inc (NASDAQ:RAIL)          GFL Environmental Inc (NYSE:GFL)Learn more about BZ Edge Rankings—click to see scores for other stocks in the sector and see how they compare.Photo via Shutterstock ...

Core Viewpoint - Hurco Companies, Inc. reported a net loss for the first quarter of fiscal 2026, with significant declines in sales and profitability metrics, while new orders showed a slight increase, indicating mixed performance amid challenging market conditions [2][6][10]. Financial Performance - Hurco reported a net loss of $3.5 million, or $0.54 per diluted share, for Q1 fiscal 2026, compared to a net loss of $4.3 million, or $0.67 per diluted share, in the same quarter last year [2]. - Sales and service fees decreased by 7.6% year over year to $42.9 million from $46.4 million [2]. - Gross profit was $7.9 million, down 4.2% from $8.3 million a year earlier, but gross margin improved to 19% from 18% [7]. Regional Sales Performance - Sales fell by 8% in the Americas to $16.6 million, decreased by 5% in Europe to $20.5 million, and dropped by 15% in the Asia Pacific region to $5.7 million [3]. - Computerized machine tool sales, the largest revenue contributor, declined by 11.3% year over year to $33.5 million from $37.8 million [4]. Segment and Product Performance - Sales of computer control systems and software decreased by 31.1% year over year to $0.5 million from $0.7 million [5]. - Service parts revenue rose by 17% to $6.9 million from $5.9 million, while service fees declined by 3.8% to $2 million from $2.1 million [5]. Orders and Demand - New orders totaled $41.9 million, up 5% from $40.1 million in the prior-year quarter [6]. - Orders in the Americas increased by 18% to $17.3 million, while European orders declined by 2% to $18.9 million, and Asia Pacific orders fell by 6% to $5.7 million [6]. Cost Management and Financial Flexibility - Selling, general and administrative expenses rose by 6.9% to $11.1 million, representing 26% of sales compared to 22% in the prior-year quarter [8]. - The company has implemented cost-reduction initiatives and suspended its quarterly dividend to preserve cash [11]. Liquidity and Capital Resources - Hurco ended the quarter with $48 million in cash and cash equivalents, slightly down from $48.7 million at the end of fiscal 2025 [12]. - Capital expenditures during the quarter were approximately $0.6 million, primarily for software development and facility improvements [13]. Credit Facilities - Hurco entered into a new credit agreement with Bank of America providing a secured revolving credit and letter-of-credit facility of up to $20 million [14][17]. Management Commentary and Guidance - Management noted improved order activity in the U.S. despite higher tariffs and indicated that the uptick in U.S. orders could signal early signs of recovery in global machine tool markets [10]. - The company did not issue formal financial guidance for the remainder of fiscal 2026, citing uncertain demand conditions [15][16].

Financial Performance - Sales and service fees for the first quarter of fiscal year 2026 were $42.9 million, a decrease of $3.5 million, or 8%, compared to the same period in fiscal year 2025[89]. - Orders for the first quarter of fiscal year 2026 were $42.0 million, an increase of $1.9 million, or 5%, compared to the corresponding period in fiscal year 2025[95]. - Sales in the Americas decreased by 8% to $16.7 million, while European sales decreased by 5% to $20.5 million, and Asia Pacific sales decreased by 15% to $5.7 million[90][91][92]. - Gross profit for the first quarter of fiscal year 2026 was $7.9 million, or 19% of sales, compared to $8.3 million, or 18% of sales, for the corresponding prior year period[99]. - Operating loss for the first quarter of fiscal year 2026 was $3.2 million, compared to an operating loss of $2.1 million for the same period in fiscal year 2025[101]. - Selling, general, and administrative expenses for the first quarter of fiscal year 2026 were $11.1 million, or 26% of sales, compared to $10.4 million, or 22% of sales, in the corresponding fiscal year 2025 period[100]. Cost Management and Financial Strategy - The company implemented cost reductions in fiscal years 2024 and 2025 to manage lower sales volumes and adjusted overhead expenses[83]. - The regular quarterly cash dividend was suspended on June 14, 2024, to enhance financial flexibility and focus on core business reinvestment and R&D[107]. - The company announced a share repurchase program of up to $25.0 million, with $5.3 million repurchased to date, leaving $19.7 million available for future repurchases[106]. - As of January 31, 2026, the company had cash and cash equivalents of $48.0 million, a decrease from $48.7 million at October 31, 2025, with approximately 19% in U.S. dollars[104]. - Working capital decreased to $169.5 million at January 31, 2026, from $173.1 million at October 31, 2025, primarily due to increased accounts payable and decreased inventories[105]. - The company entered into a new credit agreement on January 5, 2026, providing a secured revolving credit facility of up to $20.0 million, maturing on December 31, 2026[110]. - As of January 31, 2026, the company had no outstanding borrowings under any credit facilities, maintaining a €1.5 million revolving credit facility in Germany[114]. Revenue Sources and Market Focus - Approximately 48% of revenues in the first three months of fiscal 2026 were from Europe, while 13% were from the Asia Pacific region[83]. - Approximately 61% of revenues in the first three months of fiscal year 2026 were derived from customers outside the Americas, invoiced in various foreign currencies[125]. Foreign Currency Management - The company has entered into foreign currency forward exchange contracts to hedge cash flow risks related to inter-company sales and purchases, primarily in Euro, Pound Sterling, and New Taiwan Dollar[127]. - As of January 31, 2026, the company has forward contracts for the sale of Euro amounting to €9.404 million, with a weighted average forward rate of 1.1821, translating to a contract value of $11.117 million[129]. - The company has forward contracts for the purchase of New Taiwan Dollar totaling NT$1,411,672, with a weighted average forward rate of 30.2379, resulting in a contract value of $46.686 million[129]. - The company maintains a forward contract with a notional amount of €3.0 million designated as a hedge for its net investment in Euro-denominated assets, maturing in November 2026[129]. - As of January 31, 2026, the company reported a realized gain of $1.0 million and an unrealized loss of $0.1 million related to the hedging of its net investment in Euro-denominated assets[129]. - The forward contract for the sale of Euro designated as a net investment hedge has a contract value of $3.517 million, with a weighted average forward rate of 1.1723, maturing in November 2026[129]. Growth and Investment Strategy - The company has focused on investing in new technologies and product development despite the cyclical nature of the industry[83]. - The company continues to evaluate potential acquisitions, including intellectual property assets, to support growth strategies[116]. - The maximum consolidated leverage ratio covenant under the 2026 Credit Agreement prohibits borrowing when consolidated EBITDA is negative, which was the case for the first quarter ended January 31, 2026[113].

Financial Performance - Hurco reported a net loss of $3,468,000, or $0.54 loss per diluted share, for Q1 FY 2026, an improvement from a net loss of $4,320,000, or $0.67 loss per diluted share, in Q1 FY 2025[1]. - Sales and service fees for Q1 FY 2026 were $42,868,000, a decrease of $3,546,000, or 8%, compared to $46,414,000 in Q1 FY 2025, with a favorable currency impact of $1,813,000, or 4%[2]. - Gross profit for Q1 FY 2026 was $7,938,000, or 19% of sales, compared to $8,290,000, or 18% of sales in the prior year, reflecting improved cost management[9]. - Selling, general, and administrative expenses rose to $11,108,000, or 26% of sales, compared to $10,382,000, or 22% of sales in the prior year, driven by increased employee benefits costs[10]. Orders and Sales Dynamics - Orders for Q1 FY 2026 increased to $41,980,000, up $1,895,000, or 5%, compared to $40,085,000 in Q1 FY 2025, with a favorable currency impact of $1,506,000, or 4%[6]. - Sales in the Americas decreased by 8% to $16,656,000, while orders increased by 18% to $17,301,000, indicating a shift in demand dynamics[3][6]. - European sales decreased by 5% to $20,547,000, with orders down 2% to $18,966,000, impacted by lower demand in key markets like Germany and the UK[4][7]. - Asian Pacific sales fell by 15% to $5,665,000, with orders decreasing by 6% to $5,713,000, primarily due to reduced shipments in China[5][8]. Balance Sheet and Assets - Cash and cash equivalents totaled $48,011,000 at January 31, 2026, a slight decrease from $48,713,000 at October 31, 2025, with working capital at $169,506,000[12]. - Total assets decreased to $261.535 million as of January 31, 2026, from $264.298 million on October 31, 2025, representing a decline of approximately 1%[19]. - Current liabilities increased to $53.218 million, up from $52.023 million, reflecting an increase of about 2.3%[19]. - Shareholders' equity decreased to $195.031 million from $198.787 million, a decline of approximately 1.4%[19]. - Accounts receivable decreased to $25.832 million from $27.928 million, a decline of approximately 7.5%[19]. - Inventories decreased to $141.735 million from $142.931 million, a reduction of about 0.8%[19]. - Retained earnings decreased to $142.837 million from $146.305 million, a decline of approximately 2.5%[19]. - Total non-current assets slightly decreased to $31.168 million from $31.246 million, a reduction of about 0.25%[19]. - Operating lease liabilities decreased to $11.181 million from $11.560 million, a decline of approximately 3.3%[19]. - Derivative assets decreased to $82 million from $263 million, a significant decline of approximately 68.8%[19]. Taxation - The effective tax rate for Q1 FY 2026 was -15%, compared to -90% in the prior year, reflecting changes in the geographic mix of income and loss[17].

Core Insights - Hurco Companies, Inc. reported a net loss of $3,468,000, or $0.54 loss per diluted share, for Q1 FY 2026, an improvement from a net loss of $4,320,000, or $0.67 loss per diluted share, in Q1 FY 2025 [1][16] Financial Performance - Sales and service fees for Q1 FY 2026 were $42,868,000, down by $3,546,000, or 8%, compared to Q1 FY 2025, with a favorable currency impact of $1,813,000, or 4% [2] - Gross profit for Q1 FY 2026 was $7,938,000, representing 19% of sales, compared to $8,290,000, or 18% of sales, in the prior year [10][17] - Selling, general, and administrative expenses increased to $11,108,000, or 26% of sales, from $10,382,000, or 22% of sales, in the previous year [11][17] Geographic Sales Breakdown - Sales in the Americas decreased by 8% to $16,656,000, primarily due to reduced shipments of Milltronics machines [3] - European sales fell by 5% to $20,547,000, impacted by decreased shipments of Hurco VM machines and lathes in the UK and Germany [4] - Asian Pacific sales dropped by 15% to $5,665,000, mainly due to lower shipments in China and India [5] Orders and Demand - Total orders for Q1 FY 2026 were $41,980,000, an increase of $1,895,000, or 5%, compared to the same period in FY 2025, with a favorable currency impact of $1,506,000, or 4% [6] - Orders in the Americas increased by 18% to $17,301,000, driven by higher demand for Hurco and Takumi machines [7] - European orders decreased by 2% to $18,966,000, primarily due to reduced demand in Germany, France, Italy, and the UK [8] Balance Sheet and Cash Flow - Cash and cash equivalents totaled $48,011,000 at January 31, 2026, down from $48,713,000 at October 31, 2025 [13] - Working capital decreased to $169,506,000 from $173,055,000, mainly due to an increase in accounts payable and a decrease in inventories [13][19] - Total assets were $261,535,000, down from $264,298,000, with total liabilities remaining stable [19][20]

Core Insights - Hurco Companies, Inc. (HURC) experienced a stock increase of 2.7% following its earnings report for the quarter ended October 31, 2025, outperforming the S&P 500 Index's 0.8% rise during the same period [1] Financial Performance - For Q4 fiscal 2025, Hurco reported sales and service fees of $45.5 million, a 15% decline from $53.7 million year-over-year, with a net loss widening to $3 million or $0.47 per diluted share from a loss of $1.4 million or $0.23 per share in the previous year [2] - Gross profit fell 36.4% to $7.7 million from $12.2 million, leading to a gross margin decrease to 17% from 23% year-over-year [2] - For the full fiscal year, sales and service fees decreased 4% to $178.6 million from $186.6 million, with a net loss of $15.1 million or $2.34 per diluted share compared to a loss of $16.6 million or $2.56 per share in fiscal 2024 [3] Segment Performance - In Q4, the Americas saw a 22% decline in revenues, Europe experienced an 8% drop, and Asia Pacific revenues fell 25%, attributed to lower machine shipments across most regions [3] - Fourth-quarter orders totaled $46.5 million, down 9% year-over-year from $51.1 million, while full-year orders declined 14% to $171.3 million from $198.3 million [4] - The Americas reported a 4% increase in orders, while Europe and Asia Pacific faced declines of 13% and 39%, respectively, due to weaker demand in key markets [4] Cost Management - Selling, general and administrative (SG&A) expenses decreased by 11.6% year-over-year in Q4 to $11.2 million from $12.7 million, although SG&A rose as a percentage of sales due to lower revenue [5] - Cash and cash equivalents increased to $48.7 million as of October 31, 2025, from $33.3 million a year earlier, indicating balance sheet strength [5] Management Commentary - Management described fiscal 2025 as challenging due to macroeconomic headwinds and tariff-related cost pressures, but noted that the U.S. and Germany ended the year with their strongest quarter of orders and sales [6] - CEO Greg Volovic highlighted a year-over-year cash growth of approximately $15 million and a nearly $3 million reduction in SG&A expenses, alongside continued investment in product innovation [6] Profitability Factors - Lower sales volumes and an unfavorable mix shift negatively impacted profitability, with gross margin erosion attributed to reduced shipments of higher-performance machines and a greater mix of lower-margin products [7] - Tariffs implemented in the second half of fiscal 2025 increased the cost of goods sold, further pressuring margins [7] Outlook - The company did not provide formal quantitative guidance for fiscal 2026 but expressed confidence in its positioning, citing a strong balance sheet and a diversified product portfolio [9] - Management suggested cautious optimism as the company prepares to navigate ongoing industry cyclicality and macroeconomic uncertainty [9] Strategic Developments - No acquisitions, divestitures, or major restructuring activities were disclosed during the quarter, with management focusing on leadership transitions, cost control initiatives, and operational discipline [10]

分组1 - Middle Coast Investing reported a strong performance in 2025, with the S&P 500 showing a 21.2% annualized return over the past three years, indicating signs of slowing growth [1] - In Q4 2025, the US Portfolios returned 2.7%, outperforming the S&P 500's 2.3%, while European Portfolios declined by -0.4% [1] - The firm's Core U.S. portfolios returned 1.9%, matching the Russell 2000, while the S&P 600 and Nasdaq returned 1.3% and 2.6% respectively [1] 分组2 - Hurco Companies, Inc. (NASDAQ:HURC) is highlighted as a small industrial technology company specializing in computer numerical controlled (CNC) machines [3] - As of January 13, 2026, Hurco's stock closed at $16.86, with a one-month return of 14.31%, but a 52-week loss of 5.70% [2] - Hurco has a market capitalization of $108.15 million and was held by 8 hedge fund portfolios at the end of Q3 2025, an increase from 6 in the previous quarter [4] 分组3 - Despite acknowledging Hurco's potential, the firm suggests that certain AI stocks may offer greater upside potential and less downside risk [4] - The firm provides a report on undervalued AI stocks that could benefit from Trump-era tariffs and the onshoring trend [4]

Core Viewpoint - Market conditions remain challenging for Hurco, a small manufacturer of machine tools, due to weak demand and significant uncertainty among its small to mid-sized manufacturing customers [1]. Group 1: Market Conditions - Hurco is experiencing a sluggish market environment, characterized by weak demand [1]. - There is notable caution among customers, contributing to the overall uncertainty in the market [1]. Group 2: Customer Base - The primary customers of Hurco are small to mid-sized manufacturing companies [1].

Financial Performance - In fiscal year 2025, Hurco reported sales and service fees of $178.6 million, a decrease of $8.0 million, or 4%, compared to fiscal year 2024[15]. - The company experienced a net loss of $15.1 million, or $2.34 per diluted share, for fiscal year 2025, compared to a net loss of $16.6 million, or $2.56 per diluted share, for fiscal year 2024[15]. - Gross profit for fiscal year 2025 was $33.0 million, or 18% of sales, down from $37.7 million, or 20% of sales, in fiscal year 2024, primarily due to lower sales volume and increased costs from tariffs[200]. - Operating loss for fiscal year 2025 was $10.3 million, or 6% of sales, compared to an operating loss of $8.3 million, or 4% of sales, for fiscal year 2024[202]. - Orders for fiscal year 2025 were $171.3 million, a decrease of $27.0 million, or 14%, compared to fiscal year 2024, with a favorable currency impact of $1.8 million, or less than 1%[196]. - Backlog as of October 31, 2025, decreased to $34.3 million from $40.8 million as of October 31, 2024, primarily due to decreased customer demand[199]. - Cash and cash equivalents as of October 31, 2025, were $48.7 million, an increase from $33.3 million as of October 31, 2024, primarily due to reductions in inventories and accounts receivable[206]. - Working capital as of October 31, 2025, was $173.1 million, down from $180.8 million as of October 31, 2024, driven by decreases in inventories and accounts receivable[207]. - Selling, general, and administrative expenses for fiscal year 2025 were $43.2 million, or 24% of sales, compared to $46.0 million, or 25% of sales, in fiscal year 2024[201]. Revenue Sources - Computerized machine tools accounted for 80% of total revenues in fiscal year 2025, generating $142.3 million, down from $147.6 million in fiscal year 2024[20]. - Service parts contributed 14% to total revenues in fiscal year 2025, amounting to $25.1 million, compared to $27.6 million in fiscal year 2024[20]. - Approximately 62% of the company's revenues in fiscal year 2025 were derived from customers outside the Americas, highlighting the global market reach[93]. - In fiscal year 2025, approximately 51% of revenues were generated from customers in Europe, with 11% from the Asia Pacific region[180]. - Approximately 62% of the company's revenues in fiscal year 2025 were derived from sales to customers located outside of the Americas[114]. Market and Competitive Landscape - The demand for machine tools has fluctuated due to global economic and regulatory conditions, impacting shipment volumes in key markets[15]. - The company competes with larger machine tool producers, emphasizing proprietary software and features to enhance productivity and ease of use[96][98]. - Economic uncertainty may lead to reductions in customer capital expenditures and longer sales cycles, negatively impacting the company's business[111]. - The company competes with larger firms that have greater financial resources, making it challenging to maintain competitiveness[120]. Strategic Initiatives - The company has made five acquisitions since 2013, enhancing product offerings and improving machine tool accuracy and precision[14]. - Hurco's strategy includes market expansion to reach more customers globally, with a focus on product diversity and penetration across various industries[14]. - The company actively seeks acquisitions to expand its product offerings, which involve risks such as integration difficulties and diversion of management's attention[130]. - The company has introduced non-Hurco branded products to diversify its offerings and reduce the impact of geographic cyclicality in the machine tool market[86]. Product Development and Innovation - The DCX series offers four sizes of machining centers designed for large parts and molds, with 2- and 3-meter models featuring two spindle sizes and 3- and 4-meter models available as five-axis machines[38]. - The TM product line includes 2-axis turning models in four sizes, with the TM-M series enhancing productivity through motorized tooling, allowing secondary operations while parts are held in the chuck[39]. - The next generation VC 500 5-axis machine is set to launch in early 2026, featuring improved automation integration and ergonomics, aligning with market needs[42]. - The Milltronics INSPIRE+ control console, launched in 2024, enhances cutting precision and surface finish, compatible with G & M Code programs[43]. - The new TRL toolroom flatbed lathes and X5 five-axis integrated machines were introduced in fiscal year 2024, expanding Milltronics' product offerings[53]. - The Takumi UVC600 five-axis machine features a 600mm cantilever table and a 15,000rpm direct drive spindle for high accuracy and complex parts production[66]. - Software options for Hurco computerized machine tools include Advanced Verification Graphics and Solid Model Import, enhancing programming efficiency and accuracy[69]. - The VM product line consists of attractively-priced vertical machining centers available in four sizes, designed for job shops and general machining applications[46]. - The HMX Series high-speed horizontal machining centers are capable of up to 1G acceleration and include twin pallets for maximizing cutting time[64]. - The DXF Transfer software option enhances operator productivity by eliminating manual data entry, allowing direct transfer of AutoCAD® drawing files into the control software[71]. - UltiMonitor, a web-based tool, enables customers to monitor and receive notifications about their Hurco machines from any internet-accessible location, improving operational efficiency[72]. - The Tool and Material Library option streamlines tool data management, saving time and preventing tool crash conditions by storing information centrally[74]. - Simultaneous Five-Axis Contouring software allows for concurrent motion on all axes, increasing productivity and enabling complex geometries with a single setup[79]. Operational Risks and Challenges - The company faces significant risks due to fluctuations in global economic conditions, which have adversely affected its results of operations and financial condition[110]. - Tariffs imposed by the U.S. government on foreign goods have increased operating costs and could require significant costs to transition to alternative manufacturers or suppliers[112]. - The company is exposed to exchange rate fluctuations, as approximately 62% of revenues are invoiced in foreign currencies, primarily the Euro, Pound Sterling, Chinese Yuan, and Indian Rupee[119]. - The company relies on its wholly owned subsidiaries and third-party suppliers for production, and any unplanned interruptions could materially affect its business and financial condition[127]. - The company must comply with complex foreign and U.S. laws, and violations could result in significant penalties and adversely affect its operations[116]. - Fluctuations in the prices of raw materials, especially steel and energy, could adversely affect the company's sales, costs, and profitability[128]. - The company faces risks related to mergers and acquisitions, including potential failure to integrate acquired companies, which could adversely affect business and financial condition[131]. - Compliance with data privacy and security laws is critical, with potential penalties for violations that could significantly impact operating results[135]. - Cybersecurity threats are a significant risk, and while the company has not experienced material incidents, ongoing risks could affect business strategy and financial condition[157]. - The company has implemented a comprehensive cybersecurity strategy, including advanced safeguards and an incident response plan to mitigate risks[155]. - Public health emergencies, such as pandemics, have disrupted operations and could continue to adversely affect business and financial results[139]. - The company continues to monitor and assess the impact of evolving data protection laws in various jurisdictions, which may impose substantial compliance costs[134]. Human Resources and Corporate Structure - As of October 31, 2025, the company employed approximately 651 full-time employees, with 30% in the Americas and 70% in other global regions, focusing on advanced manufacturing[101]. - The company’s executive team includes experienced professionals with backgrounds in technology and finance, contributing to effective risk management[159]. - The company has a strong focus on cybersecurity risk management, overseen by the Audit Committee and senior management[159]. - The company has a history of profitability and a strong balance sheet, which it relies on to navigate market cyclicality[181]. - The company’s facilities are well maintained and adequate for current and future needs, with leases expiring between January 2026 and July 2032[160]. - The company sells products through approximately 160 independent agents and distributors globally, with a significant presence in major machine tool consuming markets[183]. - The company’s corporate headquarters in Indianapolis, Indiana, spans 165,000 square feet, while its manufacturing facility in Taichung, Taiwan, covers 370,100 square feet[160].

Financial Performance - Hurco reported a net loss of $3,041,000, or $0.47 per diluted share, for Q4 FY 2025, compared to a net loss of $1,442,000, or $0.23 per diluted share, in Q4 FY 2024[1]. - Net loss for the fiscal year 2025 was $(15,117,000), slightly improved from $(16,608,000) in fiscal year 2024[19]. - Basic loss per share for Q4 2025 was $(0.47), compared to $(0.23) in Q4 2024[19]. - Operating loss for Q4 2025 was $(3,458,000), compared to a loss of $(491,000) in Q4 2024, reflecting an operating margin of (8)%[19][20]. Sales and Revenue - Sales and service fees for Q4 FY 2025 were $45,467,000, a decrease of $8,235,000, or 15%, compared to Q4 FY 2024, with a favorable currency impact of $882,000[2]. - Sales in the Americas for Q4 FY 2025 decreased by 22% compared to Q4 FY 2024, primarily due to a change in the mix of machine model shipments[4]. - European sales for Q4 FY 2025 decreased by 8%, with a favorable currency impact of 4%[5]. - Asian Pacific sales for Q4 FY 2025 decreased by 25%, primarily due to decreased sales in India and China[6]. - Sales and service fees for Q4 2025 were $45,467,000, a decrease of 15.3% from $53,702,000 in Q4 2024[19]. Profitability - Gross profit for Q4 FY 2025 was $7,749,000, or 17% of sales, down from $12,186,000, or 23% of sales, in Q4 FY 2024[12]. - Gross profit for Q4 2025 was $7,749,000, down 36.5% from $12,186,000 in Q4 2024, resulting in a gross margin of 17%[19][20]. Expenses - Selling, general, and administrative expenses for Q4 FY 2025 were $11,207,000, or 25% of sales, compared to $12,677,000, or 24% of sales, in Q4 FY 2024[13]. Assets and Equity - Cash and cash equivalents totaled $48,713,000 as of October 31, 2025, compared to $33,330,000 as of October 31, 2024[15]. - Total current assets decreased to $225,078,000 in Q4 2025 from $228,577,000 in Q4 2024[22]. - Shareholders' equity decreased to $198,787,000 as of October 31, 2025, down from $207,172,000 in 2024[22]. Capital Expenditures and Tax - Capital expenditures for fiscal year 2025 were $3,021,000, an increase from $2,876,000 in fiscal year 2024[20]. - The effective tax rate for fiscal year 2025 was 6%, compared to (29)% in fiscal year 2024[20]. Management Focus - Hurco's management team is focused on execution, customer engagement, and growth, positioning the company for long-term growth in FY 2026[3]. Operational Efficiency - Days sales outstanding improved to 42 days in Q4 2025 from 49 days in Q4 2024[20].