Hudson Global Files Q2 2024 10-Q
Ticker: STRRP · Form: 10-Q · Filed: Aug 8, 2024 · CIK: 1210708
| Field | Detail |
|---|---|
| Company | Hudson Global, Inc. (STRRP) |
| Form Type | 10-Q |
| Filed Date | Aug 8, 2024 |
| Risk Level | low |
| Pages | 15 |
| Reading Time | 18 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, quarterly-filing, financials
TL;DR
Hudson Global's Q2 10-Q is in. Check financials.
AI Summary
Hudson Global, Inc. filed its 10-Q for the period ending June 30, 2024. The filing covers the second quarter of 2024 and provides financial details for the company. Specific financial figures and operational highlights are detailed within the report.
Why It Matters
This filing provides investors with a detailed look at Hudson Global's financial performance and position as of the end of the second quarter of 2024.
Risk Assessment
Risk Level: low — This is a routine quarterly financial filing with no immediate red flags.
Key Numbers
- 2024 Q2 — Reporting Period (Indicates the specific quarter covered by the filing.)
Key Players & Entities
- Hudson Global, Inc. (company) — Filer of the 10-Q
- 20240630 (date) — End of the reporting period
- 20240808 (date) — Filing date
FAQ
What is the reporting period for this 10-Q filing?
The Conformed Period of Report is 20240630, indicating the filing covers the period ending June 30, 2024.
When was this 10-Q filed with the SEC?
The filing date is 20240808.
What is Hudson Global, Inc.'s Standard Industrial Classification code?
Hudson Global, Inc.'s SIC code is 7363, categorized under SERVICES-HELP SUPPLY SERVICES.
What is the company's state of incorporation?
Hudson Global, Inc. is incorporated in Delaware (DE).
What is the fiscal year end for Hudson Global, Inc.?
The fiscal year end for Hudson Global, Inc. is December 31 (1231).
Filing Stats: 4,592 words · 18 min read · ~15 pages · Grade level 15.5 · Accepted 2024-08-08 16:45:22
Key Financial Figures
- $0.001 — ange on which registered Common Stock, $0.001 par value HSON The NASDAQ Stock Market
Filing Documents
- hson-20240630.htm (10-Q) — 1692KB
- hson-20240630exx311.htm (EX-31.1) — 11KB
- hson-20240630exx312.htm (EX-31.2) — 11KB
- hson-20240630exx321.htm (EX-32.1) — 4KB
- hson-20240630exx322.htm (EX-32.2) — 5KB
- 0001210708-24-000065.txt ( ) — 8128KB
- hson-20240630.xsd (EX-101.SCH) — 42KB
- hson-20240630_cal.xml (EX-101.CAL) — 70KB
- hson-20240630_def.xml (EX-101.DEF) — 210KB
- hson-20240630_lab.xml (EX-101.LAB) — 477KB
- hson-20240630_pre.xml (EX-101.PRE) — 349KB
- hson-20240630_htm.xml (XML) — 1533KB
– FINANCIAL INFORMATION
PART I – FINANCIAL INFORMATION
Financial Statements (Unaudited)
Item 1. Financial Statements (Unaudited) Condensed Consolidated Statements of Operations - Three and Six Months Ended June 30, 2024 and 2023 1 Condensed Consolidated Statements of Other Comprehensive Income (Loss) - Three and Six Months Ended June 30, 2024 and 2023 2 Condensed Consolidated Balance Sheets – June 30, 2024 and December 31, 2023 3 Condensed Consolidated Statements of Cash Flows - Six Months Ended June 30, 2024 and 2023 4 Condensed Consolidated Statements of Stockholders' Equity – Three and Six Months Ended June 30, 2024 and 2023 5 Notes to Condensed Consolidated Financial Statements 6
Management's Discussion and Analysis of Financial Condition and Results of Operations
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 30
Quantitative and Qualitative Disclosures about Market Risk
Item 3. Quantitative and Qualitative Disclosures about Market Risk 45
Controls and Procedures
Item 4. Controls and Procedures 45
– OTHER INFORMATION
PART II – OTHER INFORMATION
Legal Proceedings
Item 1. Legal Proceedings 46
Risk Factors
Item 1A. Risk Factors 46
Unregistered Sales of Equity Securities and Use of Proceeds
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 46
Defaults Upon Senior Securities
Item 3. Defaults Upon Senior Securities 46
Mine Safety Disclosures
Item 4. Mine Safety Disclosures 47
Exhibits
Item 6. Exhibits 47 Exhibit Index 47
– FINANCIAL INFORMATION
PART I – FINANCIAL INFORMATION
FINANCIAL STATEMENTS
ITEM 1. FINANCIAL STATEMENTS HUDSON GLOBAL, INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (in thousands, except per share amounts) (unaudited) Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Revenue $ 35,712 $ 44,897 $ 69,603 $ 87,969 Operating expenses: Direct contracting costs and reimbursed expenses 18,097 22,314 35,658 43,622 Salaries and related 14,325 17,393 29,491 34,871 Office and general 2,412 2,549 5,341 5,488 Marketing and promotion 778 932 1,656 1,913 Depreciation and amortization 287 354 684 702 Total operating expenses 35,899 43,542 72,830 86,596 Operating (loss) income ( 187 ) 1,355 ( 3,227 ) 1,373 Non-operating (expense) income: Interest income, net 94 130 187 194 Other (expense) income, net ( 95 ) ( 50 ) ( 134 ) 83 (Loss) income before income taxes ( 188 ) 1,435 ( 3,174 ) 1,650 Provision for income taxes 253 857 165 718 Net (loss) income $ ( 441 ) $ 578 $ ( 3,339 ) $ 932 Earnings (loss) per share: Basic $ ( 0.15 ) $ 0.19 $ ( 1.10 ) $ 0.30 Diluted $ ( 0.15 ) $ 0.18 $ ( 1.10 ) $ 0.30 Weighted-average shares outstanding: Basic 3,011 3,084 3,026 3,059 Diluted 3,011 3,138 3,026 3,130 See accompanying notes to Condensed Consolidated Financial Statements. - 1 - HUDSON GLOBAL, INC. CONDENSED CONSOLIDATED STATEMENTS OF OTHER COMPREHENSIVE INCOME (LOSS) (in thousands, except per share amounts) (unaudited) Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Comprehensive (loss) income: Net (loss) income $ ( 441 ) $ 578 $ ( 3,339 ) $ 932 Other comprehensive income (loss): Foreign currency translation adjustment, net of income taxes 118 ( 54 ) ( 518 ) ( 63 ) Total other comprehensive income (loss), net of income taxes 118 ( 54 ) ( 518 ) ( 63 ) Comprehensive (loss) income $ ( 323 ) $ 524 $ ( 3,857 ) $ 869 See accompanying notes to Condensed Consolidated Financial Statements. - 2 - HUDSON GLOBAL, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (in thousand