Hudson Global(US:HSON)2022-09-23 15:47Company Overview - Hudson Global owns Hudson RPO, a pure-play Total Talent Solutions provider[3] - As of June 30, 2022, the company had $26.2 million in cash and $1.9 million in debt[3, 4] - The company has $312 million of usable Net Operating Loss (NOL) carryforwards as of December 31, 2021[3, 4] - Since December 31, 2018, the company has reduced shares outstanding by approximately 12% through stock buybacks[3] Financial Performance - In 2021, Hudson Global's revenue was $169.2 million, adjusted net revenue was $68.2 million, and adjusted EBITDA-RPO was $13.5 million, representing 19.8% of adjusted net revenue[5] - For the first six months of 2022, the company's revenue was $102.9 million, a 38.8% increase from the same period in 2021[15] - Adjusted net revenue for the first six months of 2022 was $52.8 million, a 90% increase from the same period in 2021[15] - Adjusted EPS for the first six months of 2022 was $2.04, compared to ($0.11) in the same period in 2021[16] - Adjusted EBITDA for the first six months of 2022 was $11.0 million, compared to $2.4 million in the same period in 2021[17] RPO Market and Strategy - The global RPO market is projected to expand at a CAGR of 16.9% from 2020 to 2028[8, 22] - The company's vision is to become a top RPO provider of professional roles in the industry[20] - The company aims for an adjusted EBITDA margin of 25% of Adjusted Net Revenue at the RPO level[25]