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10-Q - HURCO COMPANIES INC (0000315374) (Filer)

Fri, Jun 6, 8:10 PM (38 days ago)

**Hurco Companies, Inc. (HURC) Q1 2025 Financial Performance** **Revenue & Profit Margins:** - Q1 2025 revenue: $40.9 million, down 10% YoY. - Q1 2025 gross profit: $7.8 million (19% margin), up slightly YoY. - Q1 2025 operating loss: $3.1 million, improved from $3.4 million YoY. - Q1 2025 net loss: $4.1 million, improved from $3.9 million YoY. **Cash Flow:** - Q1 2025 operating cash flow: $1.0 million, improved from -$0.4 million YoY. - Q1 2025 free cash flow: $1.0 million, improved from -$1.5 million YoY. **Earnings Changes:** - Q1 2025 EPS: -$0.62, improved from -$0.61 YoY. **Quarterly Performance Discussion:** - Revenue decline driven by decreased sales in Europe (5% decrease) and Asia Pacific (29% decrease), partially offset by stable Americas sales. - Gross profit margin improvement due to higher European sales contribution and cost savings. - Operating loss improvement due to lower operating expenses and cost savings. - Net loss improvement due to lower operating loss and lower interest expense. **Trends & Uncertainties:** - Cyclical industry with regional sales variations. - Foreign exchange rate fluctuations impact revenue and costs. - Dependence on new product development and acquisitions for growth. - Potential impacts from changes in trade policies and tariffs. **Future Operations Impact:** - Focus on product innovation, acquisitions, and market penetration. - Continued cost savings and operational efficiency improvements. - Strategic use of cash and credit facilities for liquidity and growth.