Hudson Global, Inc. (NASDAQ:HSON) Q4 2023 Earnings Conference Call March 14, 2024 10:00 AM ET
Company Participants
Jeffrey Eberwein - Chief Executive Officer
Matthew Diamond - Chief Financial Officer
Conference Call Participants
Marc Riddick - Sidoti & Company
Operator
Good morning, and welcome to the Hudson Global's Fourth Quarter 2023 Financial Results Conference Call. Our call today will be led by Chief Executive Officer, Jeff Eberwein; and Chief Financial Officer, Matt Diamond.
Please be advised that the statements made during the presentation include forward-looking statements under applicable securities laws. Such forward-looking statements involve certain risks and uncertainties that may cause actual results to differ materially from those contained in the forward-looking statements. These risks are discussed in our Form 8-K to be filed today and in our other filings made by the Securities and Exchange Commission, including our annual report on Form 10-K. The company disclaims any obligation to update any forward-looking statements.
During the course of this conference call, references will be made to non-GAAP terms such as constant currency, adjusted EBITDA and adjusted earnings per diluted share. Reconciliations for these measures are included in our earnings release and quarterly slides, both posted on our website, hudsonrpo.com. I encourage you to access our earnings materials at this time as they will serve as a helpful reference guide during our call.
I will now turn the call over to Jeff Eberwein.
Jeffrey Eberwein
Thank you, operator, and welcome, everyone. We thank you for your interest in Hudson Global and for joining us today. I'll start by reviewing the fourth quarter 2024 highlights, and Matt Diamond, our CFO, will provide some additional details on our financial results. I'll then give an update on current business conditions. For the fourth quarter of 2023, we reported revenue of $34 million, down 22% year-over-year in constant currency.
Adjusted net revenue was $17 million and decreased 26% year-over-year in constant currency. SG&A costs were $16 million in the fourth quarter, down 17% versus the same period last year in constant currency. We reported adjusted EBITDA of $0.1 million, down from $2.4 million a year ago. In addition, we reported a net income of $0.7 million or $0.23 per diluted share versus net income of $0.1 million or $0.02 per diluted share in the same period last year. We reported adjusted net income per diluted share of $0.04 in fourth quarter 2023 versus $0.33 a year ago.