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.
Hudson Global reported robust financial results for Q1 2022, with revenues of $51.9 million, a 50.7% increase year-over-year. Adjusted net revenue surged 101.1% to $25.6 million. Net income rose to $3.0 million, or $0.97 per diluted share, compared to a net loss in Q1 2021. Adjusted EBITDA reached $5.2 million, a significant rise from $0.8 million previously. The Americas saw a remarkable 220% revenue increase, attributed to strong organic growth and the Karani acquisition.
Hudson Global, a talent solutions provider, announced its participation in the Sidoti & Company Virtual Investor Conference. The main presentation is set for May 11, 2022, at 8:30 am ET. Investors can access the presentation live via a provided weblink or through Hudson’s Investor Relations page. A replay will be available for 90 days post-event. Hudson specializes in customized recruitment outsourcing solutions globally, focusing on meeting clients' strategic growth needs. For more details, visit hudsonrpo.com.
Hudson Global, Inc. (HSON) will release its Q1 2022 financial results on May 10, 2022, before market opening. A conference call to discuss these results is scheduled for 12 p.m. ET the same day. Interested participants can join via the dial-in numbers provided. Hudson Global specializes in innovative recruitment outsourcing solutions, aiming to align with client growth strategies. For further information, the call will be accessible later on their investor relations webpage.
Hudson Global reported strong financial results for Q4 and full year 2021, with Q4 revenue of $50.1 million, up 83.2% YoY. Adjusted net revenue rose 97.8% to $22.3 million. Net income increased to $2.1 million, or $0.70 per share, compared to $1.2 million in Q4 2020. For the full year, revenue reached $169.2 million, a 66.8% increase, with a net income of $3.2 million, up from a loss of $1.2 million in 2020. The company ended Q4 with $22.1 million in cash and $1.7 million remaining under its share repurchase program, highlighting a robust balance sheet and strong operational cash flow.
Hudson Global to Announce Q4 2021 Results
Hudson Global, Inc. (HSON) will disclose its fourth quarter and full year 2021 financial results on March 11, 2022, before market opening. A conference call is scheduled for the same day at 10 a.m. ET, accessible via a live webcast. The call's details, including toll-free and international dial-in numbers, are provided in the press release. Hudson Global, a leader in talent solutions, focuses on customized recruitment outsourcing aimed at meeting clients' strategic growth initiatives.
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.
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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.