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Harte Hanks, Inc. (OTCQX: HRTH) has announced its approval for listing on the Nasdaq, effective December 1, 2021, where it will trade under the symbol 'HHS'. The company has met stringent financial and corporate governance requirements. This uplisting is viewed as a significant milestone that is expected to enhance liquidity and investor access. Chairman Jack Griffin emphasized the return to a national exchange as a major progress indicator, while CEO Brian Linscott highlighted the potential to expand the institutional shareholder base and increase long-term shareholder value.
Harte Hanks (OTCQX: HRTH) has successfully met the financial and governance requirements for listing on the Nasdaq Global Market. Trading is set to begin on December 1, 2021, under the ticker symbol HHS. This uplisting is seen as a significant milestone, offering increased liquidity and access to a broader investor base. The company's leadership highlighted that this transition reflects their progress and positions them for future growth. Until the uplisting, shares will continue to trade under the symbol HRTH.
Harte Hanks has appointed Frank Sanni as the new Chief Strategy Officer for Marketing Services, effective immediately. With over 25 years of experience in diverse industries such as technology, healthcare, and retail, Sanni is expected to bring valuable insights and leadership to the company. He has worked with the firm as a consultant for the past nine months, demonstrating his capability to understand client needs. Joyce Karel, Harte Hanks Marketing Services Leader, expressed confidence in Sanni's skills and perspective to drive the firm's success and growth.
Harte Hanks (OTCQX: HRTH) reported a 4% rise in Q3 2021 revenues to $49.6 million, with net income rising to $4.4 million from a loss of $1.6 million year-over-year. Operating income surged to $4.2 million, and EBITDA improved to $4.8 million. The Customer Care segment led growth, contributing $19.8 million in revenue, boosted by new contracts, including work for a healthcare provider. Despite a slight decline in the Marketing Services segment, overall financial performance showed improvements, with a focus on margin enhancement initiatives for sustained profitability.
Harte Hanks (OTCQX: HRTH) will release its financial results for Q3 2021 on November 11, 2021, after market close. A conference call to discuss these results is scheduled for 4:30 p.m. ET on the same day. Interested parties can participate by dialing (888) 506-0059 or (973) 528-0048 with conference ID 663451. The call will also be streamed live on Harte Hanks' investor website. A recorded replay will be available for 72 hours post-call and for at least 90 days online. Harte Hanks specializes in customer experience solutions and has a long history of serving global brands.
Harte Hanks has appointed Elliott Peterson as its new Chief Technology Officer. Previously serving as interim CIO at Advantage Solutions, Peterson's role will involve overseeing global technology operations across 11 offices worldwide. His experience spans industries such as aerospace and retail, making him a valuable addition to Harte Hanks as the company aims for profitable growth. CEO Brian Linscott highlighted Peterson's proven track record in digital transformation as a key asset for enhancing client service capabilities.
Harte Hanks (OTCQX: HRTH) announced its filing of a comprehensive application to list on the Nasdaq Global Market. The company qualifies based on discussions with Nasdaq officials, with the review process expected to take one to two months. CEO Brian Linscott emphasized that uplisting would enhance visibility and liquidity, supporting future growth and shareholder value. Chairman Jack Griffin highlighted improvements in financial performance and liquidity, viewing the Nasdaq listing as a positive step for the company and its shareholders.
Harte Hanks, Inc. (OTCQX: HRTH) reported significant financial growth for Q2 2021, with revenues rising 18% year-over-year to $49.3 million. The company achieved an operating income of $1.4 million, reversing the previous year’s loss of ($5.9 million). Net income surged to $10.6 million from a net loss of ($6.2 million). Adjusted EBITDA improved to $4.4 million. Key drivers included strong performance in Customer Care, Fulfillment, and Marketing Services, highlighting successful new business acquisitions amidst cost-reduction initiatives.
Harte Hanks (OTCQX: HRTH) will announce its financial results for the first quarter ending June 30, 2021, on August 12, 2021, after market close. A conference call and live webcast will follow at 4:30 PM ET, where management will discuss the results. Interested parties can access the live call by dialing (888) 394-8218 or attending via the Harte Hanks website. The results will highlight the company's performance in delivering omnichannel customer experiences for clients like Bank of America and Cisco, among others, reinforcing its position in the marketing solutions sector.
Harte Hanks (OTCQX: HRTH) announced the promotion of Brian Linscott to CEO, succeeding Andrew Benett, effective immediately. Benett steps down to pursue other opportunities after guiding the company through restructuring amid the COVID-19 pandemic. Linscott, who has over 20 years of experience in operations and finance, aims to drive growth as Harte Hanks adapts to a post-pandemic environment. The transition is expected to ensure continuity in leadership for the company, which specializes in customer lifecycle management and marketing services globally.
