Hudson Technologies Q3 2024 Financial Update

TL;DR

Hudson Tech's Q3 2024 financials are in, showing equity details. Check full filing for the numbers.

AI Summary

Hudson Technologies Inc. reported its third-quarter results for the period ending September 30, 2024. The company's filing details its financial position, including common stock, retained earnings, and additional paid-in capital as of various dates throughout 2023 and 2024. Specific financial figures for revenue, net income, and cash flow are not detailed in this excerpt but would be found within the full 10-Q filing.

Why It Matters

This filing provides a snapshot of Hudson Technologies' financial health and equity structure, which is crucial for investors to assess the company's stability and growth potential.

Risk Assessment

Risk Level: medium — The risk level is medium due to the nature of 10-Q filings, which contain detailed financial information that can significantly impact stock prices, but this excerpt lacks specific performance metrics.

Key Numbers

• 2024-09-30 — Reporting Date (End of the third fiscal quarter)
• 2023-12-31 — Prior Year End (Reference point for comparative financial analysis)

Key Players & Entities

• HUDSON TECHNOLOGIES INC /NY (company) — Filer
• 0000925528 (company) — Central Index Key
• 20240930 (date) — Period of Report
• 20241108 (date) — Filed as of Date

FAQ

Key Financial Figures

• $0.01 — nge on which registered Common stock, $0.01 par value HDSN NASDAQ Capital Marke

Filing Documents

• hdsn-20240930x10q.htm (10-Q) — 1369KB
• hdsn-20240930xex31d1.htm (EX-31.1) — 14KB
• hdsn-20240930xex31d2.htm (EX-31.2) — 14KB
• hdsn-20240930xex32d1.htm (EX-32.1) — 7KB
• hdsn-20240930xex32d2.htm (EX-32.2) — 7KB
• 0001410578-24-001834.txt ( ) — 6651KB
• hdsn-20240930.xsd (EX-101.SCH) — 44KB
• hdsn-20240930_cal.xml (EX-101.CAL) — 48KB
• hdsn-20240930_def.xml (EX-101.DEF) — 177KB
• hdsn-20240930_lab.xml (EX-101.LAB) — 365KB
• hdsn-20240930_pre.xml (EX-101.PRE) — 313KB
• hdsn-20240930x10q_htm.xml (XML) — 1190KB

Signatures

Signatures 32 2 Table of Contents

– FINANCIAL INFORMATION

PART I – FINANCIAL INFORMATION

- Financial Statements

Item 1 - Financial Statements Hudson Technologies, Inc. and Subsidiaries Consolidated Balance Sheets (Amounts in thousands, except for share and par value amounts) September 30, December 31, 2024 2023 (unaudited) Assets Current assets: Cash and cash equivalents $ 56,487 $ 12,446 Trade accounts receivable – net 28,547 25,169 Inventories 103,523 154,450 Income tax receivable 3,645 5,438 Prepaid expenses and other current assets 11,308 7,492 Total current assets 203,510 204,995 Property, plant and equipment, less accumulated depreciation 20,075 19,375 Goodwill 62,420 47,803 Intangible assets, less accumulated amortization 14,982 14,771 Right of use asset 5,217 6,591 Other assets 3,224 3,137 Total Assets $ 309,428 $ 296,672 Liabilities and Stockholders' Equity Current liabilities: Trade accounts payable $ 11,060 $ 23,399 Accrued expenses and other current liabilities 31,595 31,537 Accrued payroll 3,908 3,615 Total current liabilities 46,563 58,551 Deferred tax liability 3,538 4,558 Long-term lease liabilities 3,832 4,790 Other long-term liabilities 1,600 — Total Liabilities 55,533 67,899 Commitments and contingencies Stockholders' equity: Preferred stock, shares authorized 5,000,000 : Series A Convertible preferred stock, $ 0.01 par value ($ 100 liquidation preference value); shares authorized 150,000 ; none issued or outstanding — — Common stock, $ 0.01 par value; shares authorized 100,000,000 ; issued and outstanding: 45,198,507 and 45,502,380 , respectively 452 455 Additional paid-in capital 116,263 118,091 Retained earnings 137,180 110,227 Total Stockholders' Equity 253,895 228,773 Total Liabilities and Stockholders' Equity $ 309,428 $ 296,672 See Accompanying Notes to the Consolidated Financial Statements. 3 Table of Contents Hudson Technologies, Inc. and Subsidiaries Consolidated Statements

Business

Business 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 consist 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. In preparing the accompanying consolidated financial statements, and in accordance with Accounting Standards Codification ("ASC") 855-10 "Subsequent Events", the Company's management has evaluated subsequent events through the date that the financial statements were filed. The accompanying unaudited consolidated financial statements have been prepared in accordance with generally accepted accounting princ

View Full Filing

View this 10-Q filing on SEC EDGAR