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Stock impact report

Hurco Reports First Quarter Results for Fiscal Year 2025 [Yahoo! Finance]

Hurco Companies, Inc. (HURC) 
US:NASDAQ Investor Relations: hurco.com/en-us/about-hurco/investors
Company Research Source: Yahoo! Finance
Hurco recorded a net loss of $4,320,000, or $0.67 loss per diluted share, for the first quarter of fiscal year 2025, which included a non-cash tax valuation allowance of $2,385,000 recorded in provision for income taxes, compared to a net loss of $1,648,000, or $0.25 loss per diluted share, for the corresponding period in fiscal year 2024. Sales and service fees for the first quarter of fiscal year 2025 were $46,414,000, an increase of $1,355,000, or 3%, compared to the corresponding prior year period, and included an unfavorable currency impact of $434,000, or 1%, when translating foreign sales to U.S. dollars for financial reporting purposes. Greg Volovic, Chief Executive Officer, stated, “We continue to navigate the global markets and changing demand for machine tools to fulfill the needs of our customers. This quarter saw strong demand for our more competitively priced Hurco (VM) machines, Milltronics toolroom lathes and vertical milling machines, as well as Takumi horizontal Show less Read more
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