In This Article:
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Revenue: $31.9 million, down 3.3% year-over-year in constant currency.
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Adjusted Net Revenue: $16.4 million, up 2.2% year-over-year in constant currency.
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Adjusted EBITDA: Loss of $700,000, improved from a loss of $1.5 million a year ago.
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Net Loss: $1.8 million or $0.59 per diluted share, compared to a net loss of $2.9 million or $0.95 per diluted share last year.
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Adjusted Net Loss Per Share: $0.46, compared to a loss of $0.72 in the first quarter of last year.
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Americas Revenue: Increased 15% year-over-year in constant currency.
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Asia Pacific Adjusted Net Revenue: Increased 14% year-over-year in constant currency.
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EMEA Revenue: Decreased 7% year-over-year in constant currency.
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Cash Flow from Operations: Outflow of $0.8 million, compared to a $1.8 million outflow last year.
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Cash Balance: $17.2 million, including $0.7 million of restricted cash.
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Days Sales Outstanding: 56 days as of March 31, 2025, compared to 51 days at December 31, 2024.
Release Date: May 13, 2025
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Positive Points
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Hudson Global Inc (NASDAQ:HSON) reported an increase in adjusted net revenue by 2.2% year-over-year in constant currency.
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The Asia Pacific region showed strong performance with a 14% increase in adjusted net revenue.
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The company's adjusted EBITDA improved from a loss of $1.5 million to a loss of $700,000 year-over-year.
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Hudson Global Inc (NASDAQ:HSON) secured approximately $20 million in adjusted net revenue from renewals and extensions, plus $2.4 million in new logo wins.
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The company is launching a new digital division with strategic hires, including a Chief Digital Officer, to enhance digital capabilities and enterprise strategies.
Negative Points
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Overall revenue decreased by 3.3% year-over-year in constant currency.
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The company reported a net loss of $1.8 million, although this was an improvement from the previous year's loss.
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The EMEA region experienced a 7% decrease in revenue and a 19% decrease in adjusted net revenue year-over-year.
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Days sales outstanding increased to 56 days from 51 days at the end of the previous quarter.
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The macroeconomic environment remains uncertain, impacting hiring demands and creating challenges for future growth.
Q & A Highlights
Q: How did clients react to the macroeconomic environment during the quarter, and did it impact top-line demand? A: Jacob Zabkowicz, Global CEO, noted that while there was initial momentum and excitement entering 2025, uncertainty in the macro environment led to hesitancy in hiring demands. This uncertainty affected workforce planning and caused a pause in expansion plans, particularly at the enterprise level.