New Thread

Ctrl

⇧

Discover

Home

Discover

Hudson Global, Inc. Stock Price: Quote, Forecast, Splits & News (HSON)

Finance

Company Profile

New

Hudson Global, Inc. Price & Performance (HSON)

Stock Performance

Updated Mar 14, 8:00 PM UTC

HSON:NASDAQ

$10.50USD

1.84% · $0.19

Open

$10.57

High

$10.61

Low

$10.30

Market Cap

$28.68M

P/E Ratio

-9.1

Volume

7.18K

Year High

$19.70

Year Low

$10.10

News & Market Insights

Hudson Global Reports Revenue Decline in Asia Pacific
Mar 14, 2025
Hudson Global experienced an 8.1% year-over-year revenue drop in Q4 2024, with a 9.5% decline in its Asia Pacific region. However, the Americas and Europe showed growth, with revenues rising by 17.7% and 10.8%, respectively. The company continues to focus on digital innovation and investments to drive future growth.12
Earnings Miss Highlights Challenges for Hudson Global
today
Hudson Global's Q4 2024 earnings fell short of expectations, with an EPS of -$0.05 compared to a forecasted $0.35. Revenue reached $33.6 million, below the anticipated $43.82 million. Despite these setbacks, adjusted EBITDA significantly improved to $900,000 from $100,000 the previous year.34
Hudson Global Eyes Growth Amid Market Uncertainty
Mar 14, 2025
Despite a tough Q4, Hudson Global is optimistic about 2025, focusing on client engagement and digital capabilities. Following a drop in hiring activity last year, the company aims to expand its market share and improve organic growth, supported by strategic investments and restructuring efforts.56

What's Happening

Peers

Earnings

Report Date

Mar 14, 2025

Reported Revenue

33.6M

Avg 1d Change

4.53%

Report Period

Q4 2024

Reported EPS

-0.05

Implied Move 1d

—

Transcript

11m 44s

I will now turn the call over to Jeff Eberwein. Please go ahead.

11m 49s

Thank you, operator, and welcome everyone First off, apologize for my voice. Secondly, more importantly, we thank you for your interest in Hudson Global and for joining us today. I'll start by reviewing our fourth quarter twenty twenty four results, then Matt Diamond, our CFO will provide some additional details on our financials. Lastly, Jake Zepkowitz, Global CEO of our Hudson RPO business will provide us with an operations update. Our fourth quarter twenty twenty four results reflect modest improvement over the prior year quarter. Overall for the year, we were impacted as well as unusually low attrition rates at certain clients. Despite these challenges, we spent significant time in 2024 restructuring and repositioning our business for growth. I'll let Jake expand on some of these initiatives, later on in the call. In the fourth quarter of twenty twenty four, we reported revenue of $33,600,000 down 2% year over year in constant currency while our adjusted net revenue was $17,600,000 up 5.7%. Year over year in constant currency. Our fourth quarter twenty twenty four adjusted EBITDA was $900,000 up from adjusted EBITDA of $100,000 a year ago. In addition, we reported a net loss dollars or $0.2 per diluted share versus net income of $700,000 or $0.23 per diluted share in the same period of last year.

13m 27s

Q4 twenty twenty four adjusted net loss per diluted share was $0.05 compared to our adjusted net income per diluted share of a positive $0.04 in the fourth quarter of last year. Now, I'll turn the call over to Matt Diamond, who to review some financial results by region, as well as some additional financial details from the fourth quarter. Thank you, Jeff, and good morning, everyone. [indiscernible] 2024 revenue for our Americas business increased 18% and adjusted net revenue increased 5% year over year constant currency.

14m 4s

We reported Q4 twenty twenty four adjusted EBITDA of $500,000 an increase from last year's adjusted EBITDA of $200,000 Q4 twenty twenty four revenue for our Asia Pacific business decreased 10% while adjusted net revenue increased 6% year over year in constant currency. This contrast is attributable to a decline at a large MSP client where as a reminder, adjusted net revenue margins are significantly lower than those of our RPO accounts. In Q4 twenty twenty, dollars which was flat versus adjusted EBITDA of $900,000 a year ago. Q4 twenty twenty four revenue for our EMEA business increased 7% versus the prior quarter in constant currency and adjusted net revenue increased 5%. Our Q4 twenty twenty four adjusted EBITDA was $200,000 compared to adjusted EBITDA of $600,000 in the fourth quarter of twenty twenty three. Turning to some additional financial details. Day sales outstanding was fifty one days at 12/31/2024 compared to fifty six days at 09/30/2024.

15m 20s

The company generated $2,000,000 of cash flow from operations during the fourth quarter of twenty twenty four, [indiscernible] compared to $3,300,000 of cash flow from operations the fourth quarter of twenty twenty three. [indiscernible] We ended the year with $17,700,000 in cash, including $700,000 of restricted cash. In connection with our acquisition activity in recent years, our balance sheet as of 12/30/2024 reflects $5,700,000 of goodwill and $2,500,000 of net amortizable intangible assets.

15m 55s

The company's working capital excluding cash was $11,900,000 compared to $12,000,000 at December 31, 2023. I'll now turn the call over to Jake. To discuss our RPO business. Thank you, Matt, and good morning. Although we faced many challenges in 2024 that were largely out of our control, our business is better positioned for growth today than ever before.

16m 20s

We restructured our organization and streamlined our operations, including our sourcing, screening and onboarding procedures.

16m 27s

During the year, we invested $3,400,000 in sales marketing and technology above maintenance levels to enhance our future growth. Have also enhanced our go to market strategy by expanding our service offerings to existing and prospective clients alike. In 2024, we made multiple strategic hires with a focus on further enhancing our geographical reach and service offerings. We recently launched our digital division and hired Stephanie Edwards as Chief Digital Off to revolutionize our digital capabilities and enterprise strategies to deliver innovative, efficient, cost effective and high quality talent solutions to our clients worldwide. Despite the challenging global talent environment, we continue to consistently deliver best in class service to a growing number of clients on a global scale. For the full year, we secured approximately $56,000,000 of adjusted net revenue from renewals and extensions existing clients plus approximately $7,000,000 in new logo wins. Our efforts are evidenced by a myriad of recognitions that were are proud to have received, including the sixteenth consecutive year ranking among the HROI Today magazine's Baker Dozen list of top enterprise RPO providers the twelfth consecutive year as a top RPO provider in APAC, the eighth consecutive year as a top RPO provider in EMEA.

17m 38s

I'll now turn the call back over to Jeff for some closing remarks.

17m 48s

Thank you, Jake.

17m 52s

Before opening the line to questions, despite operating in a challenging global talent environment, we improved our internal operations and have simultaneously made growth investments as well as realized cost savings across our entire organization. We These should improve our top and bottom line results in the coming quarters. Our talented team continues to provide excellent service and maintain high levels client satisfaction.

18m 22s

We're encouraged by the size and breadth of our sales pipeline and believe we are poised to convert this pipeline into actual sales Operator? Could you please open the line for questions?

18m 36s

We will now begin the question and answer session. Our first question today is from Mark Riddick with Sidoti. Please go ahead. Hey, good morning.

19m 25s

Wanted to see if we could spend wanted to see if we could spend a little time going over, I guess, when we last spoke, it was, I guess, when you reported 3Q results was right after the election, if I recall. Maybe you could spend a little bit of time discussing the demand environment that you're seeing and maybe whether there's some differentiation geographically or by industry vertical since the election and given everything that's taking place now with tariffs and the like? And and how you feel that's impacting client demand trends at this point?

20m 3s

Yeah. Jake, why don't you handle that one?

20m 5s

Yes. Mark, good morning and thanks for the question. I think a couple of things. Coming out of Q4 of last year, we definitely felt the momentum and an up tick of client behavior. We felt some positivity of of growth and hiring activity, not necessarily in one specific area or geography, but in specific pockets. Within clients. Commercial has always been a growing piece Technology is hit and miss and bouncing back on the functional area. But now coming into Q1, and what we're looking at now is there is there's still that momentum, but there's a little bit of a hesitation still and uncertainty in the market. And then uncertainty is having our partners question some of their hiring initiatives and hiring volumes but still a more positive viewpoint than what we saw in beginning of twenty twenty four, a year ago today.

21m 4s

Okay, great. And then in prepared remarks, there was the commentary on the investments for future growth.

21m 11s

Can you talk a little bit about maybe what you might be looking at for 2025? And then how that might play into CapEx levels vis a vis maintenance versus growth?

21m 25s

Jake, you want to answer that one as well? Yes. Mark, another great question. Thank you. So in 2024, our growth strategy was really focused on a couple of different factors. Right? If you take one pillar of M and A and acquiring two businesses in The Middle East and M and A will continue to be a growth strategy for us as we look for if you look at companies to help support both our geographical expansion and also our product portfolio expansion. The other thing we did in 2024 is we really enhanced our go to market in our commercial sales team, almost more than doubling our sales team size in 2024 to make sure that we can touch every geography that our clients are asking us to touch as well as enhancing our support and our sales. And edge management functions. So we're going to continue to be able to do that as as we look for 2025 and onward. The other piece of the puzzle, Mark, I think we spoke about last time is about our organic growth. And we're really excited about this. And what I mean by organic growth is looking at our current market share or share of wallet with our existing partners, to be able to accommodate their needs in other geographies other functional areas that we don't support them today.

22m 39s

So we're really excited about that. We're expanding that with our digital product portfolio Steph Edwards and launching Hudson Digital.

22m 49s

That solution is going to help streamline not only our operations, but if you think about clients today every client has a talent ecosystem that they look at. Right? And their talent ecosystem is a digital footprint, partnerships, multiple initiatives on talent front, such as internal mobility, internal careers. So as we look at the digital side of the house, right, the digital will be able to really give us more of an improved candidate and hiring manager experience. We're going to be able to automate routine tasks We're going to create other create more value for our clients And we can't forget that we're in the business of people, right? So we want to make sure that the experience on both the candidate and the hiring managers is top notch and that is going to come through with our digital footprint and our digital solution as we move forward.

23m 40s

Okay, great. And then wondering if you could spend a little time on, talked a little bit of the cash usage and prioritization. Maybe you could talk a little bit about what the the acquisition pipeline might be looking like? And maybe just general thoughts on maybe what's out there, valuation levels, and whether it's about the same or maybe a little more or less attractive than it was maybe six months ago?

24m 9s

Yes. Mark, this is Jeff. Good question. So our first priority is is internal growth projects like we highlight the over $3,000,000 we spent in in future growth enhancing things that's over and above maintenance levels. We think those investments have an incredibly high ROI and our often better return and lower risk than doing an acquisition, but they are in a little bit it's a little bit like doing an acquisition in our sector just because in both cases, we're really adding people and capability [indiscernible] there's a few geographic areas we would like to enhance And so we're always looking There are often some interesting things out there and the valuation part is important, but it also important is the cultural fit and the one plus one equals three aspect. We have to look at something and say, inside of Hudson, can we double or triple this business Is it really more valuable inside of Hudson than if they just continue as a standalone or inside somebody else's [indiscernible] So all I can say is that we're always looking, we're still looking there's still a gap between [indiscernible] what we think the value is and what sellers think the value is and we can be creative.

26m 10s

But I'll just tell you stay tuned on that. But there's there's nothing big, there's nothing imminent, there's nothing transformative that we're seriously looking at at this time.

26m 27s

Okay. And then I wanted to touch a little bit on maybe what you're seeing for for lead time trends with RPO. I wasn't sure if the client headwind since the year has been any how should we think about maybe how that is now versus historically, within RPO? Yeah.

26m 52s

Jake, why don't you start on that? Mark, Mark, great question again. And what I would share with you is that the sales cycle has really changed a lot for an enterprise RPO client. That still sits anywhere from nine to call it fourteen, sixteen months from the RFP initiation to potential signature and start, right? There's a lot of factors that go into it. What we saw in 2024 was a lot of hurry up and wait. And what I mean by that is we had clients and potential partners go out and ask for proposals you have multiple conversations thinking about their hiring volumes for 2024 and the future years. And then what would come to fruition was a fraction of that hiring volume and that hiring initiative. So just an example, we would talk to a client about hiring 1,000 people globally. And when it came to the final signature on the contract, it might have been a quarter of that. Right? And now in 2025, what's promising we're seeing a little bit is we're seeing lot more inquiries, lot more activity. As Jeff mentioned earlier, the pipeline is continuing to grow. But there's still some uncertainty on that future volume is going to continue to look like with the macro environment conditions that we're living in today.

28m 14s

But still that momentum that we're having. So I would share with you that we would still expect that sales cycle to be consistent throughout. I hope and I have confidence that we will start to see more decisions coming in 2025 as things were put on hold.

28m 30s

In 2024 and also at the end of twenty twenty three. But only the time will tell what the market and the conditions, but we are better poised to not only react, but to answer and to consult with our clients by the investments that we've made this last year, which we're extremely excited about. Excellent.

28m 49s

Thank you very much.

28m 52s

The next question is from David Siegfried, a Private Investor. Please go ahead.

28m 57s

Hey, good morning, guys. How are you today? Good morning, David. Thanks. Yes, good morning. Thanks for taking my call.

29m 4s

So noticed the biggest RPO spend comes out of America and EMEA markets. Do you see these markets as your biggest growth targets? Yes, David, I'll take that one. So if you think about our current where Hudson RPO Is Today, We Are A Dominant Force In Our APAC region.

29m 29s

And through recognitions, through revenue and through clients, And if you look at The Americas and the EMEA market, there's a huge opportunity for growth and expansion in both of those markets. Both from a new logo perspective and organic perspective. And they're going to be our focus across the board in the future years to come And we're investing heavily in those markets right now as well with with operational leaders, with sales and go to market team and strategies alike. So you are 100% correct that those are huge growth markets for us. But I also don't want to forget about specific areas in our APAC market that we're seeing significant opportunities as well. Such as Southeast Asia, Japan, the Manila area is is always a strong growth area for us.

30m 14s

So U. S. And The Americas market is key as well as the EMEA market and we you can continue to see our focus and growth in those areas. Got it.

30m 24s

And so then the $7,000,000 in new logo wins and the $62,000,000 in renewables and expansions, do you see that that trend continuing like particularly like with new logo wins I hope that our new logo wins increases with that as the market picks up and the investment that we're making But definitely our renewals and expansions we are better positioned right now to expand with our current client base. And again, from a geographical expansion and from a product portfolio expansion. We're seeing a huge increase in requests for more talent and intelligence, and that is looking at market mapping, looking at factors that will impact their overall acquisition strategy.

31m 16s

We're seeing an increase in digital requests right, how to leverage AI as part of the overall process how to think about your account ecosystem and be able to respond. And enhance that clients and that partners talent agenda. So when we look at the growth trajectory, the hope and the drive of our team is is continuing on the upper trajectory. And the pipeline is in Okay, good.

31m 48s

I think I read somewhere that the attrition rate right now is about 4%. Which is low and that you anticipate reverting back to high single digits or maybe low double digits. Do you are you beginning to see that trend take place? Or is that how do you see that happening over the next few quarters? [indiscernible] great question. And if you think about the last three years, right, during the great resignation attrition in twenty twenty one and 2022 at all time record highs.

32m 23s

Right, in lifetime highs in some instances and some areas in geography. Shifted, right? And we saw very low attrition in 2023 and '24 and partially because the previous years you had such high attrition people made jumps and made moves. So we are starting to see the pendulum shift back to more of that center mass and a normalcy. How fast will that happen? There's a lot of macro economics and factors that we just can't control. And obviously a lot of changes in different geographies across the board. But we are starting to see in pockets that attrition starting to normalize. And obviously, as attrition normalizes, hiring volumes pick up.

33m 8s

Which will obviously help our business overall. But not to mention too, we will keep a close eye as clients look for help around internal mobility and skills based hiring and consulting on what are the skills for the future that we're currently participating with many of our partners today? Okay.

33m 30s

So I got two more questions. One other question. The September investor presentation I think I mentioned right now we're about 20,000 annual hires. The goal is over the next three years to reach 60,000 annual hires and the growth the RPO clients by 50%. Is that still the goal?

33m 55s

Very much so, right. We want to continue to grow organically with our partners and increasing our share of wallet with them and showing them that Hudson RPO is their partner of choice across their entire account spectrum. And with our current client base, we have a great opportunity to be able to do that. Again, as we bring on and made investments both in our operational talent and also our go to market talent. The number of clients we are go to market team is definitely hunting for new logo partners. And signing new logo contracts into our business today. Which we are also excited about. But we are doing it as thought a careful approach. We're making sure that we don't jeopardize the quality of service that our clients have come to known Hudson RPO to be able to deliver. We have many partners that have been with us for twelve thirteen, fourteen years that are that's unheard of in our industry, right? And so we want to continue to provide that quality level of service and the level of service to our clients. So yes, long winded answer, sir, to your simple question.

35m 4s

We do We do still have that growth trajectory in mind and definitely targets to keep that pace.

35m 11s

Okay.

35m 12s

Excellent. Now I noticed in the the Q2 call in August, it was mentioned it was just mentioned that a soft goal perhaps to reach or repurchase 10% of the shares in 2024. So in first three quarters, you bought back 154,000 shares. Just an average cost of about 16 Nothing was repurchased [indiscernible] So I mean the price is where it is right now.

35m 41s

Where do you see do you have any goals for 2025 when it comes to repurchase activity? Yes, this is Jeff. I can talk about that. Yes, it's we say it's a soft goal. Just because it's there's things outside our control. Sometimes the window isn't open And the most efficient way we have found to buy back stock, especially in meaningful [indiscernible] is through negotiated transactions. So if a shareholder needs to exit or needs to reduce a position, we have a standard agreement that they can sign that allows us to trade anytime even if the window is closed. And have found that's the most efficient way to buyback stock over time and we didn't have any of those in Q4. The 10% threshold is what's allowed by our NOL So you can think of that as a maximum. That we would do in any one calendar year. But I would say that that was a soft goal in 2024. We didn't quite hit it. But it can it's another soft goal that we have in 2025. We think our stock is significantly undervalued. By a very long stretch. So as long as that's the case, we're going to have that as a soft call to buyback a significant amount of stock every year.

37m 29s

But like I said, it's there's some things outside our control. You need a willing we're a willing buyer, you need a willing seller. At least some of the negotiated deals in the past, we have bought in the open market. That is difficult giving given how liquid our stock is in the 10b-eighteen rules. We have done tender offers in the past and I would just say all those tools are in the toolkit. And are ones we consider all the time. Okay, excellent.

38m 3s

Well, very good. It sounds like you're making nice progress and Thank you.

38m 20s

Showing no further questions, I would like to turn the conference back over to Jeff Eberwein for any closing remarks.

38m 29s

Well, thank very good question. Today. We really appreciate the interest in the company and the dialogue, the Q and A. We're always open to hearing from you. The contact information is in our press release as well as our investor presentations. We look forward to talking to you next quarter and again for your interest in the company.

38m 54s

The conference has now concluded. Thank you for attending today's presentation. You may now disconnect. [indiscernible] [indiscernible] [indiscernible] [indiscernible] [indiscernible] [indiscernible]

Key Insights

Hudson Global reported Q4 2024 revenue of $33.6 million, down 2% year-over-year in constant currency, while adjusted net revenue increased 5.7% to $17.6 million. Adjusted EBITDA rose to $900,000 from $100,000 in the prior year.
The Americas region saw an 18% increase in revenue and a 5% rise in adjusted net revenue year-over-year, with adjusted EBITDA improving to $500,000 from $200,000. Meanwhile, Asia Pacific experienced a 10% revenue decline but a 6% increase in adjusted net revenue, and EMEA reported a 7% revenue increase with adjusted net revenue up 5%.
The company invested $3.4 million in sales, marketing, and technology above maintenance levels in 2024 to enhance future growth and launched a digital division led by Stephanie Edwards to improve digital capabilities and client solutions.
For the full year, Hudson secured approximately $56 million in adjusted net revenue from renewals and extensions with existing clients and $7 million from new logo wins. The company aims to grow RPO clients by 50% and increase annual hires to 60,000 over the next three years.
Management highlighted a strong sales pipeline for 2025, ongoing investments in growth initiatives, and a focus on expanding in the Americas and EMEA markets. They also reiterated their commitment to share repurchases as a soft goal, subject to market conditions and opportunities.

Income Statement

Revenue

	2020	2021	2022	2023	2024
Revenue	$101M	$169M	$201M	$161M	$140M
Cost of Revenue	$62M	$101M	$102M	$81M	$0
Gross Profit	$39M	$68M	$99M	$80M	$140M
Gross Profit %	39%	40%	49%	50%	100%
R&D Expenses	$0	$0	$0	$0	$0

2020

2021

2022

2023

2024

Revenue

$101M

$169M

$201M

$161M

$140M

Cost of Revenue

$62M

$101M

$102M

$81M

Gross Profit

$39M

$68M

$99M

$80M

$140M

Gross Profit %

39%

40%

49%

50%

100%

R&D Expenses

Cash Flow

Net Income

	2020	2021	2022	2023	2024
Net Income	-$1.2M	$3.2M	$7.1M	$2.2M	-$4.8M
Dep. & Amort.	$179K	$597K	$1.4M	$1.5M	$1.4M
Def. Tax	-$169K	-$350K	-$233K	-$1.1M	$532K
Stock Comp.	$737K	$2.4M	$2.3M	$1.5M	$1.3M
Chg. in WC	-$964K	-$3.5M	-$1.2M	-$4.2M	$0

2020

2021

2022

2023

2024

Net Income

-$1.2M

$3.2M

$7.1M

$2.2M

-$4.8M

Dep. & Amort.

$179K

$597K

$1.4M

$1.5M

$1.4M

Def. Tax

-$169K

-$350K

-$233K

-$1.1M

$532K

Stock Comp.

$737K

$2.4M

$2.3M

$1.5M

$1.3M

Chg. in WC

-$964K

-$3.5M

-$1.2M

-$4.2M

Balance Sheet

Cash

	2020	2021	2022	2023	2024
Cash	$26M	$22M	$27M	$23M	$17M
ST Investments	$0	$0	$0	$0	$0
Cash & ST Inv.	$26M	$22M	$27M	$23M	$17M
Receivables	$13M	$26M	$26M	$20M	$20M
Inventory	$152K	$222K	$160K	$0	$0

2020

2021

2022

2023

2024

Cash

$26M

$22M

$27M

$23M

$17M

ST Investments

Cash & ST Inv.

$26M

$22M

$27M

$23M

$17M

Receivables

$13M

$26M

$20M

Inventory

$152K

$222K

$160K

Go Deeper

Financial information provided by Financial Modeling Prep. Options data provided by Unusual Whales. Live transcripts provided by Quartr. All data is provided for informational purposes only, and is not intended for trading purposes or financial, investment, tax, legal, accounting or other advice. · See all tickers.

Earnings

Report Date

Mar 14, 2025

Reported Revenue

33.6M

Avg 1d Change

4.53%

Report Period

Q4 2024

Reported EPS

-0.05

Implied Move 1d

—

Transcript

11m 44s

I will now turn the call over to Jeff Eberwein. Please go ahead.

11m 49s

13m 27s

14m 4s

15m 20s

15m 55s

16m 20s

We restructured our organization and streamlined our operations, including our sourcing, screening and onboarding procedures.

16m 27s

17m 38s

I'll now turn the call back over to Jeff for some closing remarks.

17m 48s

Thank you, Jake.

17m 52s

18m 22s

We're encouraged by the size and breadth of our sales pipeline and believe we are poised to convert this pipeline into actual sales Operator? Could you please open the line for questions?

18m 36s

We will now begin the question and answer session. Our first question today is from Mark Riddick with Sidoti. Please go ahead. Hey, good morning.

19m 25s

20m 3s

Yeah. Jake, why don't you handle that one?

20m 5s

21m 4s

Okay, great. And then in prepared remarks, there was the commentary on the investments for future growth.

21m 11s

Can you talk a little bit about maybe what you might be looking at for 2025? And then how that might play into CapEx levels vis a vis maintenance versus growth?

21m 25s

22m 39s

So we're really excited about that. We're expanding that with our digital product portfolio Steph Edwards and launching Hudson Digital.

22m 49s

23m 40s

24m 9s

26m 10s

But I'll just tell you stay tuned on that. But there's there's nothing big, there's nothing imminent, there's nothing transformative that we're seriously looking at at this time.

26m 27s

26m 52s

28m 14s

28m 30s

28m 49s

Thank you very much.

28m 52s

The next question is from David Siegfried, a Private Investor. Please go ahead.

28m 57s

Hey, good morning, guys. How are you today? Good morning, David. Thanks. Yes, good morning. Thanks for taking my call.

29m 4s

29m 29s

30m 14s

So U. S. And The Americas market is key as well as the EMEA market and we you can continue to see our focus and growth in those areas. Got it.

30m 24s

31m 16s

31m 48s

32m 23s

33m 8s

33m 30s

33m 55s

35m 4s

We do We do still have that growth trajectory in mind and definitely targets to keep that pace.

35m 11s

Okay.

35m 12s

35m 41s

37m 29s

38m 3s

Well, very good. It sounds like you're making nice progress and Thank you.

38m 20s

Showing no further questions, I would like to turn the conference back over to Jeff Eberwein for any closing remarks.

38m 29s

38m 54s

The conference has now concluded. Thank you for attending today's presentation. You may now disconnect. [indiscernible] [indiscernible] [indiscernible] [indiscernible] [indiscernible] [indiscernible]

Key Insights

Hudson Global reported Q4 2024 revenue of $33.6 million, down 2% year-over-year in constant currency, while adjusted net revenue increased 5.7% to $17.6 million. Adjusted EBITDA rose to $900,000 from $100,000 in the prior year.
The Americas region saw an 18% increase in revenue and a 5% rise in adjusted net revenue year-over-year, with adjusted EBITDA improving to $500,000 from $200,000. Meanwhile, Asia Pacific experienced a 10% revenue decline but a 6% increase in adjusted net revenue, and EMEA reported a 7% revenue increase with adjusted net revenue up 5%.
The company invested $3.4 million in sales, marketing, and technology above maintenance levels in 2024 to enhance future growth and launched a digital division led by Stephanie Edwards to improve digital capabilities and client solutions.
For the full year, Hudson secured approximately $56 million in adjusted net revenue from renewals and extensions with existing clients and $7 million from new logo wins. The company aims to grow RPO clients by 50% and increase annual hires to 60,000 over the next three years.
Management highlighted a strong sales pipeline for 2025, ongoing investments in growth initiatives, and a focus on expanding in the Americas and EMEA markets. They also reiterated their commitment to share repurchases as a soft goal, subject to market conditions and opportunities.

Hudson Global, Inc. Price & Performance (HSON)

Stock Performance

Open

High

Low

Market Cap

P/E Ratio

Volume

Year High

Year Low

News & Market Insights

What's Happening

Peers

Earnings

Report Date

Reported Revenue

Avg 1d Change

Report Period

Reported EPS

Implied Move 1d

Transcript

Key Insights

Income Statement

Cash Flow

Balance Sheet

Go Deeper

Related

Go Deeper

News & Market Insights

Earnings

Report Date

Reported Revenue

Avg 1d Change

Report Period

Reported EPS

Implied Move 1d

Transcript

Key Insights