RPO provider Hudson Global Inc. (NASDAQ: HSON) reported fourth-quarter revenue fell 5.5% year over year in constant currency to USD 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 US-based firm also reported today that its unaudited consolidated financial results for the three- and six-month periods ended 30 June 2022, and the nine-month period ended 30 September 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.

Hudson Global shares closed at USD 21.80, down 3.96% on the day and 6.29% above its 52-week low of USD 20.51, set on 22 November 2022. The company has a market cap of USD 63.35 million.