Yahoo Finance

• Revenue: $36.9 million, down 8% year over year in constant currency.

• Adjusted Net Revenue: $18.6 million, down 5% year over year in constant currency.

• Adjusted EBITDA: $0.8 million, compared to $2 million a year ago.

• Net Loss: $0.8 million or $0.28 per diluted share, versus net income of $0.5 million or $0.17 per diluted share last year.

• Adjusted Net Loss Per Share: $0.13, compared to net income per diluted share of $0.24 last year.

• Americas Revenue: Increased 6%; adjusted net revenue decreased 3% year over year in constant currency.

• Americas Adjusted EBITDA: $0.6 million, up from $0.3 million last year.

• Asia-Pacific Revenue: Decreased 15%; adjusted net revenue decreased 11% year over year in constant currency.

• Asia-Pacific Adjusted EBITDA: $0.9 million, compared to $2.3 million a year ago.

• EMEA Revenue: Increased 7% year over year in constant currency; adjusted net revenue increased 5%.

• EMEA Adjusted EBITDA: $0.2 million, flat compared to last year.

• Cash: $16.5 million, including $0.7 million of restricted cash.

• Cash Flow from Operations: $1.3 million, compared to a $0.7 million cash outflow last year.

• Days Sales Outstanding: 56 days as of September 30, 2024, compared to 59 days as of June 30, 2024.

• Working Capital (excluding cash): $14 million, compared to $12 million at December 31, 2023.

• Warning! GuruFocus has detected 5 Warning Signs with HSON.

Release Date: November 12, 2024

For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Positive Points

• Revenue for the Americas business increased by 6% year over year in constant currency.

• EMEA business saw a 7% increase in revenue and a 5% increase in adjusted net revenue year over year.

• The company generated $1.3 million in cash flow from operations during Q3 2024, compared to a $0.7 million cash outflow in Q3 2023.

• Hudson Global Inc (NASDAQ:HSON) has been recognized for the 16th consecutive year in HRO Today Magazine's Baker's Dozen List of Top Enterprise RPO Providers.

• Strategic hires have been made to enhance geographical reach and service offerings, strengthening the company's global reputation and capabilities.

Negative Points

• Overall revenue decreased by 8% year over year in constant currency.

• Adjusted EBITDA for Q3 2024 was $0.8 million, down from $2 million in the same quarter last year.

• The company reported a net loss of $0.8 million compared to a net income of $0.5 million in Q3 2023.

• Revenue for the Asia-Pacific business decreased by 15% year over year in constant currency.

• New logo sales were disappointing, with potential clients delaying or shrinking their scope.