Revenue Performance - Revenue for Q1 2025 was $31.9 million, a decrease of 6.0% from Q1 2024, and a 3.3% decrease in constant currency[6] - Total revenue for the three months ended March 31, 2025, was $31,866 million, a decrease of 6.2% from $33,891 million in the same period of 2024[25] - Revenue from the Americas segment was $6,852 million, a decrease of 18% in constant currency compared to $5,994 million in Q1 2024[28] - Asia Pacific revenue was $19,127 million, down from $21,509 million in Q1 2024, representing a constant currency decline of $862 million[28] - EMEA revenue decreased to $5,887 million from $6,388 million in the previous year, a constant currency decline of $53 million[28] Adjusted Net Revenue - Adjusted net revenue increased by 0.4% to $16.4 million compared to Q1 2024, with a 2.2% increase in constant currency[6] - Adjusted net revenue for the same period was $16,398 million, slightly up from $16,330 million year-over-year[25] - Americas revenue increased by 15% to $6.9 million, while adjusted net revenue rose by 3% to $6.0 million compared to Q1 2024[7] - Asia Pacific revenue decreased by 7% to $19.1 million, but adjusted net revenue increased by 14% to $7.2 million compared to the same period last year[8] - EMEA revenue decreased by 7% to $5.9 million, with adjusted net revenue down 19% to $3.2 million compared to Q1 2024[9] Net Loss and Earnings - Net loss for Q1 2025 was $1.8 million, or $0.59 per diluted share, an improvement from a net loss of $2.9 million, or $0.95 per diluted share, in Q1 2024[6] - The net loss for Q1 2025 was $1,756 million, an improvement from a net loss of $2,898 million in Q1 2024[31] - The company reported an adjusted net loss per diluted share of $0.46 for Q1 2025, compared to an adjusted net loss per diluted share of $0.72 in Q1 2024[31] Operational Efficiency - EBITDA loss for Q1 2025 was $1,512 million, compared to a loss of $2,682 million in Q1 2024, indicating a reduction in operational losses[28] - Adjusted EBITDA loss for Q1 2025 was $668 million, compared to a loss of $1,542 million in Q1 2024, reflecting improved operational efficiency[25] - Total selling, general and administrative expenses (SG&A) for Q1 2025 were $17,839 million, down from $18,973 million in Q1 2024, indicating cost control measures[28] Cash and Corporate Costs - Total cash, including restricted cash, was $17.2 million as of March 31, 2025[6] - Corporate costs decreased to $0.9 million in Q1 2025 from $1.0 million in the prior year[11] Share Repurchase Program - The company approved a $5 million share repurchase program, with $2.1 million remaining as of 2024[13] Net Operating Losses - The company has $240 million of usable net operating losses (NOL) in the U.S. as of December 31, 2024, which is considered a valuable asset[14]
Hudson Global(HSON) - 2025 Q1 - Quarterly Results