Reports Q2 revenue $40.9M vs. $45.2M last year. Greg Volovic, CEO, stated, “We are all navigating a period of significant uncertainty across global markets. The challenges we face in forecasting international and domestic sales are shared by many in the manufacturing and industrial sectors. We remain committed to executing our long-term strategy and reinforcing our financial foundation. We’ve taken deliberate steps to strengthen cash flow and reduce costs, enabling us to support our balance sheet and focus on a return to profitability. Regardless of the market situation, Hurco is fully committed to investing in our product development initiatives to ensure that we continue to offer world-class products and capabilities that align with evolving market demands and position us to respond quickly as momentum returns.”
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.