Hurco Reports Fourth Quarter and Full Year Results for Fiscal Year 2025

Core Insights - Hurco Companies, Inc. 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. For the full fiscal year 2025, the net loss was $15,117,000, or $2.34 per diluted share, an improvement from a net loss of $16,608,000, or $2.56 per diluted share, in FY 2024 [1][2][20]. Financial Performance - 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. For FY 2025, sales and service fees totaled $178,554,000, down $8,030,000, or 4%, from FY 2024 [2][20]. - Gross profit for Q4 FY 2025 was $7,749,000, or 17% of sales, compared to $12,186,000, or 23% of sales, in Q4 FY 2024. For FY 2025, gross profit was $32,980,000, or 18% of sales, down from $37,743,000, or 20% of sales, in FY 2024 [12][21]. - 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. For FY 2025, these expenses were $43,248,000, or 24% of sales, down from $46,029,000, or 25% of sales, in FY 2024 [14][21]. Geographic Sales Breakdown - Sales in the Americas for Q4 FY 2025 decreased by 22% to $18,234,000, and for FY 2025, sales decreased by 5% to $68,604,000. The decline was attributed to a change in the mix of machine model shipments [4][20]. - European sales for Q4 FY 2025 decreased by 8% to $23,475,000, and for FY 2025, sales decreased by 4% to $90,863,000. The decrease was primarily due to reduced shipments of Hurco 5-axis vertical machines [5][6][20]. - Asian Pacific sales for Q4 FY 2025 decreased by 25% to $3,758,000, while for FY 2025, sales decreased by 1% to $19,087,000, mainly due to decreased sales in India and China [7][20]. Orders and Demand - Orders for Q4 FY 2025 were $46,509,000, a decrease of $4,568,000, or 9%, compared to Q4 FY 2024. For FY 2025, orders totaled $171,290,000, down $27,012,000, or 14%, from FY 2024 [8][20]. - Orders in the Americas for Q4 FY 2025 increased by 4% to $22,003,000, while for FY 2025, they decreased by 10% to $69,148,000. The increase in Q4 was driven by higher demand for Hurco and Takumi machines [9][10][20]. - European orders for Q4 FY 2025 decreased by 13% to $20,839,000, and for FY 2025, they decreased by 18% to $81,569,000, primarily due to decreased demand in key markets [10][20]. Cash and Working Capital - Cash and cash equivalents as of October 31, 2025, totaled $48,713,000, an increase from $33,330,000 as of October 31, 2024. Working capital decreased to $173,055,000 from $180,788,000 [16][21].