Star Equity Holdings, Inc. reports news as a diversified holding company with Building Solutions, Business Services, Energy Services, and Investments activities. Company updates commonly cover operating and financial results, segment performance, Building Solutions backlog, stock repurchases, and the operating contribution of businesses added through its completed 2025 merger.
Recurring news themes for STRR also include material agreements, capital-structure disclosures, shareholder voting and governance matters, and communications from the Investments Division on portfolio positions and capital allocation. The Business Services segment provides recruitment process outsourcing, contingent workforce solutions, recruitment consulting, outsourced professional contract staffing, and managed service provider services.
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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.