Mastech Digital Inc
For the period ended Sep 30, 2024. Filed Nov 13, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 13, 2024
MHH$6.42+1.7%Stored close · as of Nov 9, 2026
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Item 1. Financial Statements:
| ITEM 1. | FINANCIAL STATEMENTS |
|---|
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(Amounts in thousands, except per share data)
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Revenues | $51,839 | $47,779 | $148,196 | $155,046 |
| Cost of revenues | 37,068 | 35,213 | 107,314 | 115,354 |
| Gross profit | 14,771 | 12,566 | 40,882 | 39,692 |
| Selling, general and administrative expenses: | ||||
| Operating expenses | 12,332 | 12,615 | 37,156 | 38,937 |
| Employment-related claim, net of recoveries | — | — | — | 3,100 |
| Total selling, general and administrative expenses | 12,332 | 12,615 | 37,156 | 42,037 |
| Income (loss) from operations | 2,439 | (49) | 3,726 | (2,345) |
| Interest income (expense), net | 163 | 148 | 447 | 232 |
| Other income (expense), net | (30) | 55 | (74) | (32) |
| Income (loss) before income taxes | 2,572 | 154 | 4,099 | (2,145) |
| Income tax expense (benefit) | 697 | 29 | 994 | (358) |
| Net income (loss) | $1,875 | $125 | $3,105 | $(1,787) |
| Earnings (loss) per share: | ||||
| Basic | $.16 | $.01 | $.27 | $(.15) |
| Diluted | $.16 | $.01 | $.26 | $(.15) |
| Weighted average common shares outstanding: | ||||
| Basic | 11,695 | 11,597 | 11,654 | 11,618 |
| Diluted | 12,011 | 11,968 | 11,949 | 11,618 |
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Net income (loss) | $1,875 | $125 | $3,105 | $(1,787) |
| Other comprehensive income (loss): | ||||
| Foreign currency translation adjustments | (44) | (88) | (71) | (95) |
| Total other comprehensive gain (loss), net of taxes | (44) | (88) | (71) | (95) |
| Total comprehensive income (loss) | $1,831 | $37 | $3,034 | $(1,882) |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.