Harte Hanks Stock Price, News & Analysis

Harte Hanks Inc. (Nasdaq:HHS) announced an expanded partnership with FEVO, a social-commerce technology company, on September 15, 2022. This partnership makes Harte Hanks the exclusive customer experience (CX) partner for FEVO, building on previous successful collaborations. Harte Hanks will provide services such as client support, ticket fulfillment, and back-office support to enhance FEVO's customer engagement. This strategic alliance emphasizes Harte Hanks' commitment to delivering best-in-class customer care, as both companies seek to capitalize on FEVO's impressive growth from 2021.

Harte Hanks (Nasdaq:HHS) has been chosen by Quiet Platforms, a subsidiary of American Eagle Outfitters (NYSE:AEO), as their preferred 'Middle Mile' logistics manager. This partnership entails Harte Hanks managing the shipping of parcels over distances ranging from 600 to 2,000 miles. Quiet Platforms aims to enhance its customer service and operational efficiency through this collaboration, leveraging Harte Hanks' logistics expertise. The platform currently supports numerous brands, reflecting its growth within the logistics sector.

Harte Hanks reported its Q2 2022 financial results, showing a revenue decrease of 1.4% to $48.6 million despite a 24.3% growth in Fulfillment & Logistics Services. Operating income surged 179.5% to $4.0 million, and EBITDA improved to $4.6 million from $2.1 million year-over-year. Net income dropped to $4.5 million from $10.6 million, affected by a prior-year non-recurring gain from PPP loan extinguishment. The company announced plans to repurchase all outstanding Preferred Stock, enhancing shareholder value.

Harte Hanks (NASDAQ:HHS) announced plans to report its Q2 2022 financial results on August 11, 2022, after market closure. A conference call will follow at 4:30 p.m. ET to discuss these results. Interested parties can access the call via a webcast or by dialing in at specified numbers. Harte Hanks, a global leader in customer experience, has a rich history of nearly 100 years, providing analytics and insights to clients worldwide. Their client roster includes major brands like IBM and FedEx.

Harte Hanks Inc. (NASDAQ:HHS) announced its selection by a leading business technology firm to enhance B2B marketing campaigns using its proprietary Audience Finder™ solution. This technology identifies in-market prospects showing purchase intent while respecting consumer privacy. The integration with DataView improves understanding of customer profiles, leading to a notable increase in qualified leads for marketing campaigns. The company emphasizes its commitment to developing innovative solutions to help clients effectively reach their prospects.

Harte Hanks (NASDAQ:HHS) announced a definitive agreement to repurchase all of its outstanding Series A Convertible Preferred Shares from Wipro, LLC for $9,926,000 in cash and 100,000 shares of common stock. This action is aimed at enhancing shareholder value by eliminating the dilutive effect of the Preferred Shares, which account for approximately 16% of the company's common stock on a fully diluted basis. The transaction is expected to close by the end of Q3 2022 and will free the company from certain capital restrictions.

Harte Hanks Inc. (Nasdaq:HHS) announced an expanded partnership with a global leader in transportation and e-commerce. The new agreement includes the development of custom content videos and interactive training aimed at enhancing customer support for U.S. business clients. Harte Hanks will create multiple short-form videos to address common inquiries and improve self-service options, thereby aiding customer education about shipping solutions. This initiative aims to deepen customer engagement and align with the client’s commitment to a customer-first approach.

Harte Hanks (Nasdaq:HHS) and FEVO will co-host a panel at Customer Contact Week 2022 in Las Vegas on June 22, 2022. The discussion, titled "How to Build a Holistic Marketing and Social Support Strategy", will explore enhancing customer experience through integrated customer care services and marketing strategies. Key speakers include Peter DeTrempe of Harte Hanks and Betty Tran of FEVO. This panel aims to leverage personalized marketing in the resurgent entertainment sector, sharing insights from successful collaborations between FEVO and major sports and entertainment brands.

Harte Hanks, Inc. (NASDAQ: HHS) will join the Russell Microcap® Index effective June 27, 2022, enhancing its visibility and liquidity. This follows their uplisting to NASDAQ earlier in 2022. Inclusion in the Russell index, which benchmarks approximately $12 trillion in assets, positions Harte Hanks favorably among index-focused investors. CEO Brian Linscott emphasized that this milestone marks a significant step in the company's turnaround strategy, aiming to better engage with clients and investors.