Hudson Global Inc Stock Price, News & Analysis

Hudson Global (NASDAQ: HSON) has appointed Mimi Drake as Chair of its Board of Directors, effective January 1, 2022. Drake, a board member since February 2019, brings significant experience from the financial services sector and has been an advocate for diversity and inclusion. CEO Jeff Eberwein expressed confidence in Drake's leadership, which focuses on enhancing value for clients, employees, and shareholders. Hudson Global continues to provide comprehensive talent solutions globally, aligning with clients' strategic growth initiatives.

Hudson Global (HSON) reported strong financial results for Q3 2021, with revenue of $45.0 million, marking a 77.1% increase from Q3 2020. Adjusted net revenue soared by 98.8% to $18.0 million, and net income rose to $1.5 million from a loss of $1.2 million the previous year. Adjusted EBITDA improved to $3.0 million. Revenue growth was driven by all regions: Americas (+280%), Asia Pacific (+58%), and Europe (+39%). The company ended the quarter with $26.5 million in cash and continues to pursue share repurchases.

Hudson Global, Inc. (HSON) has announced its acquisition of Karani, LLC, expanding its global delivery capabilities and enhancing its ability to fill technology roles. Karani, based in Chicago, operates primarily in India and the Philippines, employing around 600 individuals to support U.S. clients. CEO Jeff Eberwein expressed confidence that this acquisition will generate significant value for stakeholders and facilitate market expansion in India and other regions. All Karani employees, except CEO Dan Williams, will transition to Hudson RPO, which aims to leverage Karani's capabilities for enhanced service delivery.

Hudson Global, Inc. (Nasdaq: HSON) plans to release its third quarter financial results for the period ending September 30, 2021, on November 5, 2021, prior to market opening. A conference call will be held at 10 a.m. ET on the same day to discuss these results, with a live webcast available on their investor relations website. The call will also be archived for later access. Hudson RPO provides customized recruitment outsourcing solutions aimed at helping organizations meet strategic growth objectives.

Hudson Global reported a strong second quarter for 2021, with revenues of $39.7 million, a significant increase of 61.5% year-over-year. Adjusted net revenue rose 69.0% to $15.1 million, while net loss improved to $0.1 million from $0.8 million a year earlier. Adjusted EBITDA turned positive at $1.7 million. Regional growth was led by the Americas, which experienced a 139% revenue increase. The company finished the quarter with $24.5 million in cash and has $1.7 million remaining under its stock repurchase program.

Hudson Global (Nasdaq: HSON) will release its Q2 2021 financial results before market opening on August 6, 2021. A conference call for discussing these results is scheduled for the same day at 10 a.m. ET, and will be accessible via the company's website. Hudson Global specializes in providing total talent solutions globally and focuses on developing tailored recruitment outsourcing strategies for various organizations.

On June 21, 2021, Hudson Global (NASDAQ: HSON) announced its participation in the Sidoti & Company Virtual Investor Conference. The company’s main presentation is scheduled for June 24, 2021, at 10:45 am ET. During the event, Hudson's management will also engage with investors throughout the day. The presentation will be accessible online via specific links, and a replay will be available for 90 days post-event. Hudson Global is recognized for delivering tailored recruitment outsourcing and talent solutions globally.