Hudson Technologies Inc. Files 2023 Annual Report on Form 10-K

TL;DR

<b>Hudson Technologies Inc. filed its annual 10-K report for the fiscal year ending December 31, 2023.</b>

AI Summary

HUDSON TECHNOLOGIES INC /NY (HDSN) filed a Annual Report (10-K) with the SEC on March 14, 2024. Filed Form 10-K for the fiscal year ended December 31, 2023. Company name: HUDSON TECHNOLOGIES INC /NY. Central Index Key: 0000925528. Standard Industrial Classification: Wholesale-Machinery, Equipment & Supplies [5080]. Incorporated in New York.

Why It Matters

For investors and stakeholders tracking HUDSON TECHNOLOGIES INC /NY, this filing contains several important signals. This filing provides a comprehensive overview of the company's financial performance and operations for the past fiscal year. It includes detailed financial statements, risk factors, and management's discussion and analysis, crucial for investors to assess the company's health and future prospects.

Risk Assessment

Risk Level: — HUDSON TECHNOLOGIES INC /NY shows moderate risk based on this filing. The filing is a standard annual report (10-K) which typically contains routine financial and operational information, posing no immediate or unusual risk.

Analyst Insight

Review the detailed financial statements and risk factors in the 10-K to understand Hudson Technologies' performance and potential challenges.

Key Players & Entities

• HUDSON TECHNOLOGIES INC /NY (company) — Filer name
• 0000925528 (company) — Central Index Key
• 5080 (company) — Standard Industrial Classification
• NY (company) — State of incorporation
• 20231231 (date) — Conformed period of report
• 20240314 (date) — Filed as of date

FAQ

Industry Context

Hudson Technologies operates within the wholesale machinery, equipment, and supplies sector.

Regulatory Implications

The filing is a standard Form 10-K, a mandatory annual report required by the U.S. Securities and Exchange Commission (SEC) for publicly traded companies.

What Investors Should Do

1. Analyze the company's financial statements for revenue, net income, and debt levels.
2. Review the risk factors section for potential operational, market, or regulatory challenges.
3. Compare key financial metrics to previous years to identify trends.

Year-Over-Year Comparison

This is the initial filing of the 2023 annual report (10-K).

Key Financial Figures

• $0.01 — nge on which registered Common stock, $0.01 par value HDSN The NASDAQ Stock Mar
• $10,000,000 — s environmental impairment insurance of $10,000,000 per occurrence, and $10,000,000 annual

Filing Documents

• hdsn-20231231x10k.htm (10-K) — 1742KB
• hdsn-20231231xex21.htm (EX-21) — 5KB
• hdsn-20231231xex23d1.htm (EX-23.1) — 4KB
• hdsn-20231231xex31d1.htm (EX-31.1) — 12KB
• hdsn-20231231xex31d2.htm (EX-31.2) — 12KB
• hdsn-20231231xex32d1.htm (EX-32.1) — 6KB
• hdsn-20231231xex32d2.htm (EX-32.2) — 6KB
• hdsn-20231231xex97.htm (EX-97) — 27KB
• hdsn-20231231x10k001.jpg (GRAPHIC) — 37KB
• 0001410578-24-000199.txt (&nbsp;) — 8142KB
• hdsn-20231231.xsd (EX-101.SCH) — 54KB
• hdsn-20231231_cal.xml (EX-101.CAL) — 63KB
• hdsn-20231231_def.xml (EX-101.DEF) — 167KB
• hdsn-20231231_lab.xml (EX-101.LAB) — 426KB
• hdsn-20231231_pre.xml (EX-101.PRE) — 343KB
• hdsn-20231231x10k_htm.xml (XML) — 1543KB

Business

Business 3 Item 1A-

Risk Factors

Risk Factors 9 Item 1B - Unresolved Staff Comments 13 Item 1C - Cybersecurity 13 Item 2 -

Properties

Properties 14 Item 3 -

Legal Proceedings

Legal Proceedings 15 Item 4 - Mine Safety Disclosures 15 Part II . Item 5 - Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 15 Item 6 - [Reserved] 16 Item 7 -

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 17 Item 7A -

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 23 Item 8 -

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data 23 Item 9 - Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 23 Item 9A -

Controls and Procedures

Controls and Procedures 26 Item 9B - Other Information 26 Item 9C - Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 26 Part III . Item 10 - Directors, Executive Officers and Corporate Governance 26 Item 11 -

Executive Compensation

Executive Compensation 26 Item 12 -

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 26 Item 13 - Certain Relationships and Related Transactions, and Director Independence 26 Item 14 - Principal Accountant Fees and Services 26 Part IV. Item 15 - Exhibits and Financial Statement Schedules 27 Item 16 - Form 10-K Summary 29

Signatures

Signatures 56 2 Table of Contents Part I

Business

Item 1. Business General Hudson Technologies, Inc. ("Hudson" or the "Company"), incorporated under the laws of New York on January 11, 1991, is a refrigerant services company providing innovative solutions to recurring problems within the refrigeration industry. Hudson has proven, reliable programs that meet customer refrigerant needs by providing environmentally sustainable solutions from initial sale of refrigerant gas through recovery, reclamation and reuse, peak operating performance of equipment through energy efficiency and emergency air conditioning and refrigeration system repair, to final refrigerant disposal and carbon credit trading. The Company's operations consist of one reportable segment. The Company's products and services are primarily used in commercial air conditioning, industrial processing and refrigeration systems, and include refrigerant and industrial gas sales, refrigerant management services consisting primarily of reclamation of refrigerants and RefrigerantSide Services performed at a customer's site. RefrigerantSide Services consists of system decontamination to remove moisture, oils and other contaminants intended to restore systems to designed capacity.As a component of the Company's products and services, the Company also participates in the generation of carbon offset projects. The Company operates principally through its wholly-owned subsidiary, Hudson Technologies Company. Unless the context requires otherwise, references to the "Company", "Hudson", "we", "us", "our", or similar pronouns refer to Hudson Technologies, Inc. and its subsidiaries. The Company's executive offices are located at 300 Tice Boulevard, Suite 290, Woodcliff Lake, New Jersey and its telephone number is (845) 735-6000. The Company maintains a website at www.hudsontech.com , the contents of which are not incorporated into this filing. Industry Background The Company participates in an industry that is highly regulated, and changes in the regulations affe

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View this 10-K filing on SEC EDGAR