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Stock impact report

Mastech Digital Inc (MHH) Faces Revenue Decline Amid Economic Challenges [Yahoo! Finance]

Mastech Digital, Inc (MHH) 
NASDAQ:AMEX Investor Relations: mastechdigital.com/investors
Company Research Source: Yahoo! Finance
Net Income : GAAP net loss was $5.4 million in Q4, a significant downturn from a net income of $1.5 million in Q4 2022. Earnings Per Share (EPS) : GAAP EPS dropped to a loss of $0.46, compared to a gain of $0.13 per diluted share in the prior year's quarter. Non-GAAP Measures : Non-GAAP net income for Q4 stood at $1.3 million, or $0.11 per diluted share, down from $2.8 million, or $0.23 per diluted share, in Q4 2022. Gross Margin : Gross profit margin slightly decreased to 25.4% of total revenues in 2023 from 26.1% in 2022. Cash Position : The company reported $21.1 million in cash with no bank debt and a borrowing availability of approximately $22.5 million. Order Bookings : The Data and Analytics segment saw a notable uptick in order bookings, reaching $19 million in Q4. On February 7, 2024, Mastech Digital Inc ( MHH ), a leading provider of Digital Transformation IT Services, released its 8-K filing , revealing a challenging fourth quarter and full year of 2023. The co Show less Read more
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