Harte Hanks(HHS) - 2025 Q1 - Quarterly Results

Financial Performance - Total revenues for Q1 2025 were $41.6 million, down 8.6% compared to $45.4 million in Q1 2024[6] - Operating loss was $0.04 million compared to operating income of $0.4 million in the same quarter in the prior year[8] - Net loss was $0.4 million, or $0.05 per basic and diluted share, compared to net loss of $0.2 million, or $0.02 per basic and diluted share, in the prior year quarter[6] - EBITDA for Q1 2025 was $1.0 million compared to $1.4 million in the same period in the prior year[6] - Adjusted EBITDA for Q1 2025 was $1,812,000, down 35.8% from $2,826,000 in Q1 2024[22] - Operating income for Q1 2025 was a loss of $40,000, compared to a profit of $375,000 in Q1 2024[22] - The company reported a net loss of $392,000 for Q1 2025, compared to a net loss of $171,000 in Q1 2024[22] - Adjusted operating margin for Q1 2025 was 1.8%, down from 3.9% in Q1 2024[22] Revenue Breakdown - Customer Care segment revenue was $13.0 million, accounting for 31% of total revenue, with a 4.5% increase year-over-year[6] - Fulfillment & Logistics Services segment revenue was $19.8 million, representing 48% of total revenue, with a 1.8% increase year-over-year[6] - Marketing Services segment revenue decreased by $4.8 million or 35.3% compared to the prior year quarter[6] - Revenue for the Marketing Services segment decreased to $8,782,000, a decline of 35.5% compared to $13,583,000 in the same period last year[23] - Contribution margin for the Fulfillment & Logistics segment was $2,572,000, down from $2,380,000 in the previous year[23] Assets and Liabilities - Total assets decreased to $100,585,000 from $101,782,000, a decline of approximately 1.2% year-over-year[21] - Total current liabilities increased to $36,089,000 from $35,137,000, an increase of approximately 2.7% year-over-year[21] - Cash and cash equivalents decreased to $8,982,000 from $9,934,000, a decline of approximately 9.6% year-over-year[21] - Total stockholders' equity decreased to $21,421,000 from $21,689,000, a decline of approximately 1.2% year-over-year[21] Business Development - Harte Hanks secured several new client engagements across key verticals, including healthcare and technology, indicating new business momentum[3] - The company is committed to expanding lead generation activities and focusing on strategic wins that align with its core capabilities[3]