Mastech ( (MHH) ) has released its Q1 earnings. Here is a breakdown of the information Mastech presented to its investors.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Mastech Digital, Inc. is a provider of digital transformation IT services, specializing in data management, analytics, digital learning, and IT staffing services, catering primarily to large and medium-sized organizations. In its latest earnings report for the quarter ended March 31, 2025, Mastech Digital reported revenues of $48.3 million, a slight increase from $46.8 million in the same period last year. However, the company faced a net loss of $1.4 million, compared to a loss of $161,000 in the previous year. The company’s Data and Analytics Services segment saw a revenue increase to $8.96 million, driven by growth in fixed-price contracts, while the IT Staffing Services segment maintained steady revenues of $39.36 million. Despite the revenue growth, increased selling, general, and administrative expenses contributed to the overall loss. Looking ahead, Mastech Digital’s management remains focused on leveraging its specialized capabilities in data and analytics to drive future growth and improve financial performance.