Hurco Reports First Quarter Results for Fiscal Year 2025
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Hurco Companies, Inc. reported a net loss of $4.32 million for Q1 FY2025, significantly higher than the $1.65 million loss in the same period last year. The loss per share was $0.67, impacted by a non-cash tax valuation allowance of $2.39 million.
March 07, 2025 | 1:15 pm
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Hurco Companies, Inc. reported a significant increase in net loss for Q1 FY2025, with a loss of $4.32 million compared to $1.65 million in the previous year. The loss per share was $0.67, influenced by a $2.39 million non-cash tax valuation allowance.
The significant increase in net loss and loss per share, along with the impact of a non-cash tax valuation allowance, suggests a negative short-term impact on Hurco's stock price. Investors may react unfavorably to the increased losses.
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