Hudson Global, Inc. - HSON STOCK NEWS

Hudson Global reported its financial results for Q4 and the full year ended December 31, 2022. Q4 revenue dropped 12.9% year-over-year to $43.6 million. Adjusted net revenue decreased slightly by 0.7% to $22.2 million. The net income was $0.1 million, down from $2.1 million in Q4 2021. For the full year, revenue rose 18.7% to $200.9 million, with a net income of $7.1 million compared to $3.2 million in the previous year. The CEO noted growth in the UK and Australia but mentioned challenges from the US technology sector and China's COVID-19 lockdowns. The company ended Q4 with $27.5 million in cash and reported significant net operating losses, which it aims to protect.

Hudson Global, Inc. (Nasdaq: HSON) will announce its fourth quarter financial results for the period ending December 31, 2022, on March 30, 2023, before market open. A conference call to review these results will take place on the same day at 10:00 am ET. Interested parties can join via toll-free dial-in at (866) 652-5200 or internationally at (412) 317-6060. The call will be available for live streaming on the investor relations section of Hudson’s website, where an archived version will also be accessible.

Hudson Global (HSON) reported a revenue of $48.7 million for Q3 2022, marking an 8.2% increase year-over-year. Adjusted net revenue rose 34.2% to $24.2 million. However, net income decreased to $1.0 million or $0.30 per diluted share, down from $1.5 million or $0.49 the previous year. Adjusted EBITDA remained flat at $3.0 million. The company faced headwinds such as reduced Project RPO work and a slowdown in technology hiring. Despite this, robust activity at existing clients and a strong sales pipeline in healthcare were noted.

Hudson Global, Inc. (Nasdaq: HSON) will release its third quarter financial results for the period ending September 30, 2022, on November 10, 2022, before the market opens. Following the release, a conference call will be held at 10:00 am ET to discuss the results. This call will also be available via a live webcast on the investor relations section of the company's website. The archived call will be accessible afterwards. For further inquiries, more information about the company can be found at hudsonrpo.com.

Hudson Global, a leader in talent solutions, announced its participation in the Windy City Roundup Conference on October 12-13, 2022, at the Swissotel, Chicago. The key presentation by management is scheduled for October 12 at 11:30 am CT, accessible via a live stream. Investors are encouraged to schedule one-on-one meetings with management during the event. For additional information, a PDF of the presentation will be available on the Hudson Global Investor Relations website.

Hudson Global, a prominent global talent solutions provider, announced its participation in the Sidoti & Company Fall Small-Cap Virtual Investor Conference. The management presentation is set for September 22, 2022, at 1:00 pm ET, with additional investor meetings planned throughout the day. Investors can access the live presentation via the provided weblink or through the Hudson Investor Relations website, where a replay will be available for 90 days post-event. Hudson specializes in customized recruitment outsourcing and total talent solutions to support organizations worldwide.

Hudson Global, Inc. (HSON) has announced the acquisition of Hunt & Badge Consulting Private Limited, expanding its footprint in the Indian recruitment market. This strategic move enhances Hudson RPO's capabilities by leveraging Hunt & Badge's extensive client relationships and expertise.

CEO Jeff Eberwein stated that this acquisition is expected to generate significant value for clients, teams, and stockholders, while synergizing with the previously acquired Karani. The company aims to continue its disciplined strategy of pursuing growth through accretive bolt-on acquisitions.