Acquisition Marks Entrance into Japan, Enhancing Hudson RPO’s Already Strong Leadership Position in the APAC RegionOLD GREENWICH, Conn., July 23, 2025 (GLOBE NEWSWIRE) -- Hudson Global, Inc. (the “Company” or “Hudson RPO”) (Nasdaq: HSON), a leading global total talent solutions company, announced today the acquisition of Alpha Consulting Group (“ACG”), a Japan-based (Tokyo) provider of recruitment services to a variety of companies, ranging from small- and medium-sized businesses to blue-chip and multinatio ...

Core Insights - Hudson Global, Inc. reported stronger financial results for Q1 2025 compared to Q1 2024, despite an uncertain overall talent environment due to macro conditions [3][8] - The company is optimistic about future growth, particularly in its Hudson RPO segment, which is expected to outperform peers [3] Financial Performance - Total revenue for Q1 2025 was $31.9 million, a decrease of 6% from Q1 2024, while adjusted net revenue increased slightly by 0.4% to $16.4 million [8] - The 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 [8][20] - Adjusted EBITDA loss was $0.7 million, a decrease from an adjusted EBITDA loss of $1.5 million in the same period last year [8] Regional Highlights - **Americas**: Revenue increased by 15% to $6.9 million, with adjusted net revenue up 3% to $6.0 million. EBITDA loss improved to $0.1 million from $0.9 million in the previous year [4] - **Asia Pacific**: Revenue decreased by 7% to $19.1 million, while adjusted net revenue increased by 14% to $7.2 million. EBITDA improved to a profit of $0.3 million from a loss of $0.6 million [5] - **EMEA**: Revenue decreased by 7% to $5.9 million, with adjusted net revenue down 19% to $3.2 million. EBITDA loss was $0.6 million compared to a profit of $0.3 million in the previous year [6] Corporate Costs and Liquidity - Corporate costs for Q1 2025 were $0.9 million, down from $1.0 million in the prior year [9] - The company ended Q1 2025 with $17.2 million in cash, including $0.7 million in restricted cash, and used $0.8 million in cash flow from operations [10] Share Repurchase Program - Hudson Global has a $5 million share repurchase program, with $2.5 million spent in 2024 to buy back 154,084 shares, leaving $2.1 million remaining [11] NOL Carryforward - As of December 31, 2024, Hudson Global had $240 million of usable net operating losses (NOL) in the U.S., which the company considers a valuable asset for stockholders [12]