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Hudson Technologies Reports First Quarter 2019 Revenues of $34.7 Million and Gross Margin of 20%

Hudson Technologies, Inc. (HDSN) 
Last hudson technologies, inc. earnings: 3/4 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: hudsontech.com/investor-relations
Company Research Source: GlobeNewswire
PEARL RIVER, N.Y., May 01, 2019 (GLOBE NEWSWIRE) -- Hudson Technologies, Inc. (NASDAQ: HDSN) announced results for the first quarter ended March 31, 2019. For the quarter ended March 31, 2019 Hudson reported revenues of $34.7 million, an 18% decrease compared to $42.4 million in the comparable 2018 period, primarily due to a reduction in the price of certain refrigerants sold.  Gross margin was 20% for the first quarter of 2019 compared to 19% for the first quarter of 2018.  The Company reported operating income of $0.2 million for the first quarter of 2019 compared to an operating loss of $0.9 million for the first quarter of 2018.  Net loss for the first quarter of 2019 was $4.0 million, or ($0.09) per basic and diluted share, compared to a net loss of $3.1 million or ($0.07) per basic and diluted share in the first quarter of 2018.  The net loss in 2018 included a $1.1 million tax benefit, while in 2019 the Company had no such tax benefit. Kevin J. Zugibe, Chairman and Chie Show less Read more
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