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HUB CYBER SECURITY (ISRAEL) LTD (HUBC)
NASDAQ:HUBC
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Earnings Data
Report Date
Aug 19, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Sep 01, 2022
|% Change Since: 18.18%
|Next Earnings Date:Aug 31, 2021
Earnings Call Sentiment|Neutral
The earnings call reflects a company in transition, with significant improvements in operational efficiencies and strategic focus on high-margin software solutions. The demand for the Secure Data Fabric platform and reduction in expenses are notable positives, though challenged by revenue decline and cash flow issues.Company Guidance
During the first half of 2024, HUB Cyber Security experienced a revenue decline of 37%, from $25 million in 2023 to $15.7 million, largely due to the termination of less profitable contracts. However, the company improved its gross profit margin significantly from a negative 7.9% to 9.5%, attributed to effective operational management and the absence of prior one-off costs. Operating expenses were drastically reduced by 90%, from $57.5 million to $16.5 million, as the company streamlined operations and reduced headcount. General and administrative expenses saw a 63% decrease, while sales and marketing expenses fell by 43%, and R&D expenses reduced by 77%. The company generated $8 million from financing activities, despite a $10 million cash outlay for operating expenses. Looking forward, HUB's primary growth engine will be its Secure Data Fabric platform, expected to surpass its professional services in revenue contribution, with an anticipated shift in business mix starting in 2025.Improved Gross Profit Margin
Gross profit margin for the six months ended June 30, 2024, improved to 9.5% compared to negative 7.9% for the same period in 2023, reflecting effective management of operations and efficiencies.
Significant Reduction in Operating Expenses
Total operating expenses for the six months ended June 30, 2024, were $16.5 million, a 90% decline compared to $57.5 million reported for the same period in 2023.
Decrease in General and Administrative Expenses
G&A expenses decreased by 63% or $22 million for the six months ended June 30, 2024, compared to the same period in 2023.
Secure Data Fabric Platform Demand
The Secure Data Fabric platform has seen remarkable demand, with validation and endorsement by leading financial services firms, positioning it as a growth engine for HUB.
Strategic Evolution Towards Software
HUB has transitioned to focus on high-margin software-driven solutions, with the Secure Data Fabric poised to be the primary growth driver, targeting margins in the 80% to 90% range.
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HUBC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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HUBC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Dec 02, 2024 | $0.55 | $0.55 | 0.00% |
| Aug 15, 2023 | $5.90 | $4.73 | -19.83% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does HUB CYBER SECURITY (ISRAEL) LTD (HUBC) report earnings?
HUB CYBER SECURITY (ISRAEL) LTD (HUBC) is schdueled to report earning on Aug 19, 2025, TBA Not Confirmed.
What is HUB CYBER SECURITY (ISRAEL) LTD (HUBC) earnings time?
HUB CYBER SECURITY (ISRAEL) LTD (HUBC) earnings time is at Aug 19, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is HUBC EPS forecast?
Currently, no data Available
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