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Stock impact report

https://seekingalpha.com/article/4766259-hurco-another-weak-quarter-continues-pushout-to-recovery [Seeking Alpha]

Hurco Companies, Inc. (HURC) 
US:NASDAQ Investor Relations: hurco.com/en-us/about-hurco/investors
Company Research Source: Seeking Alpha
Fiscal Q1 saw a 14% sequential revenue decline, with gross margin contraction and a larger operating loss, and management saw a mix shift toward more value-priced machinery. Orders fell 20% YoY and 22% QoQ, with a book-to-bill ratio of 0.86x, indicating ongoing challenges in the machine tool market that others have echoed to varying degrees. Despite near-term risks, Hurco's cash reserves and potential for recovery make it suitable for very risk-tolerant investors eyeing a long-term turnaround. Liuhsihsiang Unlike many larger industrials that have cautiously expressed their views that destocking has largely played out and that end-market demand will start to recover in the second half of the year, Hurco Companies, Inc.'s NASDAQ: HURC ) results show a company This article was written by Analyst's Disclosure: I/we have a beneficial long position in the shares of HURC either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses Show less Read more
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