RPO provider Hudson Global Inc. (NASDAQ: HSON) reported fourth-quarter revenue fell 5.5% year over year in constant currency to $43.6 million. Revenue rose in its European operations but fell elsewhere.

CEO Jeff Eberwein said the UK and Australia saw strong top-line growth; however, the US tech sector experienced a slowdown, and the company was affected by lower hiring volumes in China due to Covid.

The Old Greenwich, Connecticut-based also reported today that its unaudited consolidated financial results for the three- and six-month periods ended June 30, 2022, and the nine-month period ended Sept. 30, 2022, should not be relied upon due to an error relating to the accounting treatment of a discretionary bonus payment paid by the company on behalf of a customer. Hudson intends to issue new financial statements for the time periods as soon as practicable.

Share price and market cap

Shares in Hudson Global were down 3.44% to $21.92 as of 1:45 p.m. Eastern time; they were 6.87% above their 52-week low of $20.51, according to FT.com. The company had a market cap of $63.4 million.