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View All NewsHudson Global Q4 revenue soars 83% in constant currency
March 11, 2022
Hudson Global Inc. (NASDAQ: HSON), a provider of RPO based in Old Greenwich, Connecticut, reported fourth-quarter revenue soared 82.9% in constant currency.
“2021 was a tremendous year for our business globally," CEO Jeff Eberwein said. “Our entire team generated very strong growth in revenue, adjusted net revenue, and adjusted EBITDA for the fourth quarter and full year.”
| (US$ thousands) | Q4 2021 | Q4 2020 | % change | % constant currency |
| Revenue | $50,062 | $27,331 | 83.2% | 82.9% |
| Gross margin | 44.6% | 41.3% | ||
| Net loss | $2,058 | $1,197 | 71.9% |
Eberwein cited growth in Coit Group, which it acquired in 2020, and said the company has been making progress with its acquisition of Karani.
Revenue by geography
| (US$ thousands) | Q4 2021 | Q4 2020 | % change | % constant currency |
| Hudson Americas | $11,447 | $3,538 | 223.5% | 222.5% |
| Hudson Asia Pacific | $32,183 | $19,972 | 61.1% | 61.4% |
| Hudson Europe | $6,432 | $3,821 | 68.3% | 66.1% |
Full-year results
| (US$ thousands) | 2021 | 2020 | % change | % constant currency |
| Revenue | $169,207 | $101,448 | 66.8% | 55.5% |
| Gross margin | 40.3% | 38.5% | ||
| Net loss/income | $3,227 | ($1,234) | nm |
Share price and market cap
Shares in Hudson Global were up 6.86% to $32.70 as of 1:11 p.m. Eastern time; they set a new 52-week high in trading today when they reached $35.97, according to FT.com. The company had a market cap of $82.84 million.