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Startek, Inc. (NYSE:SRT) reported its third-quarter financial results for 2020, revealing a net revenue of $162.7 million, a slight decrease from $164.6 million in Q3 2019. Gross profit fell to $22.9 million with a gross margin of 14.1%. Despite the drop, net income improved to $0.4 million compared to a loss of $2.8 million in the prior year. Adjusted EBITDA rose 16.8% to $15.6 million. The company noted operational improvements and a focus on digital initiatives, preparing for future revenue growth amidst ongoing challenges from the pandemic.
Startek, Inc. (NYSE: SRT) will hold a conference call on November 9, 2020, at 5:00 p.m. Eastern time to discuss its third-quarter financial results for the period ended September 30, 2020. The company will issue a press release prior to the call. Participants can join via toll-free dial-in at (844) 239-5283 or internationally at (574) 990-1022, using Conference ID 6192319. A live broadcast and replay of the call will be available. Startek specializes in tech-enabled customer experience management solutions across various sectors, serving over 250 clients globally.
Startek, Inc. (NYSE:SRT) is set to present at the 9th Annual Gateway Conference on September 10, 2020, at 8:30 AM PT. The virtual conference aims to connect top companies with institutional investors and analysts. Startek will have one-on-one meetings throughout the event, which will be available for live webcast and replay. The Gateway Conference features companies across various growth industries, enhancing investor relations and insights.