Launch of EDGE Program
Introduction of the EDGE initiative aimed at optimizing the organization and operating model, focusing on revenue quality, process simplification, and disciplined spend management.
Record Gross Margins
Achieved Mastech's record gross margins of 24.8% in the IT Staffing Services segment due to disciplined pricing and higher-value engagements.
Non-GAAP Financial Performance
Non-GAAP net income increased to $3.5 million or $0.29 per diluted share from $2.8 million or $0.23 per diluted share in the prior year period.
Strong Liquidity Position
Ended the quarter with $32.7 million in cash, no bank debt, and $20.8 million available under the credit facility.