Overview
US customer experience firm's Q1 revenue fell 10.3% yr/yr amid legacy offering pressures
Net loss widened to $0.6 mln from $0.4 mln in prior year qtr
Adjusted EBITDA dropped to $0.7 mln from $1.8 mln yr/yr
Outlook
Harte Hanks expects to deliver positive EBITDA throughout 2026
Company says it is positioned to execute on its growth strategy in 2026 and beyond
Company sees ongoing market headwinds and is shifting toward higher-value services
Result Drivers
LEGACY OFFERING PRESSURE - Co said revenue remained pressured by legacy offerings and market headwinds
SECTOR ALIGNMENT - Co continued aligning around priority sectors, focusing on higher-value services, per President David Fisher
Company press release: ID:nACSyQplJa
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
$37.26 mln
Q1 EPS
-$0.08
Q1 Net Income
-$628,000
Q1 Adjusted EBITDA
$692,000
Q1 EBIT
-$768,000
Q1 Operating Expenses
$38.03 mln
Q1 Pretax Profit
-$998,000
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)