Q1 2024 Hudson Global Inc Earnings Call Transcript
Key Points
- Hudson Global Inc (HSON) has expanded its global market presence and service offerings, positioning for long-term success.
- The company has made strategic acquisitions in the UAE, enhancing its presence and business in the Middle East.
- Hudson Global Inc (HSON) has seen signs of market recovery in certain sectors such as industrial and life sciences, indicating potential growth areas.
- The company has a robust pipeline of diverse opportunities, both in enterprise and project solutions, suggesting strong future prospects.
- Hudson Global Inc (HSON) continues to invest in its go-to-market strategy, reaching new client groups globally and strengthening its market position.
- Hudson Global Inc (HSON) reported weak first quarter 2024 results with significant declines in revenue and adjusted EBITDA.
- The company experienced a net loss of $2.9 million in Q1 2024, a decrease from a net income in the same period last year.
- Revenue and adjusted net revenue in the Americas and Asia Pacific regions saw substantial year-over-year declines.
- Hudson Global Inc (HSON) used $1.8 million in cash flow from operations during the first quarter of 2024, indicating financial strain.
- The company's working capital, excluding cash, decreased from the end of 2023, reflecting tighter financial conditions.
Good morning, and welcome to the Hudson Global conference call for the first quarter of 2024. Our call today will be led by Chief Executive Officer, Jeffrey Eberwein, Chief Financial Officer, Mattew Diamond and Global CEO, Hudson RPO Zabkowicz,
Please be advised that the statements made during the presentation include forward-looking statements under applicable securities laws. Such forward-looking statements involve certain risks and uncertainties that may cause actual results to differ materially from those contained in the forward-looking statements.
These risks are discussed in our. Form 8-K to be filed today and in our other filings made with the Securities and Exchange Commission, including our annual report on. Form 10-K. The Company disclaims any obligation to update any forward-looking statements.
During the course of this conference call, references will be made to non-GAAP terms such is constant currency, adjusted EBITDA and adjusted earnings per diluted share reconciliations for these measures are included in our earnings release and quarterly slides, both posted on
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