0001104659-26-024614
SEC filingHurco Companies, Inc. reported a net loss of $3.5 million for Q1 2026, with revenue of $42.9 million. The company generated a gross profit of $7.9 million but faced operating expenses of $11.1 million, resulting in an operating loss of $3.2 million. Cash flow from operations was negative $616,000, though investing activities provided $555,000 in cash primarily from the sale of a business. The balance sheet shows strong liquidity with $48.0 million in cash and equivalents and total assets of $261.5 million, against total liabilities of $66.5 million. Shareholders' equity stands at $195.0 million. The quarter reflects challenging market conditions with inventory levels remaining high at $141.7 million.
Hurco Companies reported a net loss of $3.5 million for Q1 2026, representing a loss per share of $1.00. Revenue totaled $42.9 million with cost of sales at $34.9 million, yielding gross profit of $7.9 million. Operating expenses of $11.1 million resulted in an operating loss of $3.2 million. The company reported interest income of $42,000, investment income of $105,000, and other income of $22,000, partially offset by interest expense of $6,000. Income tax provision was $461,000. Weighted average shares outstanding were 6.4 million for both basic and diluted calculations.
No segment breakdown or geographic revenue mix was provided in the available data. The company reported total sales and service fees of $42.9 million for the quarter. No comparative data for prior periods was provided in the XBRL data or document text, preventing analysis of revenue trends or growth drivers.
Gross margin was 18.4% based on $7.9 million gross profit on $42.9 million revenue. Operating margin was negative 7.5% due to the $3.2 million operating loss. Selling, general and administrative expenses of $11.1 million represented 25.9% of revenue, significantly impacting profitability. The cost structure shows high operating expenses relative to gross profit generation.
Operating cash flow was negative $616,000, driven by the net loss of $3.5 million adjusted for various non-cash items including depreciation of $569,000 and stock-based compensation of $591,000. Working capital changes included inventory increase of $3.1 million and accounts receivable increase of $1.7 million. Investing activities generated $555,000 in cash, primarily from the $1.2 million sale of a business. The balance sheet shows $48.0 million in cash and equivalents, $25.8 million in accounts receivable, and $141.7 million in inventories. Total current assets are $222.7 million against current liabilities of $53.2 million, resulting in a current ratio of 4.2. Total assets are $261.5 million with shareholders' equity of $195.0 million.
No management guidance, strategic priorities, or specific risk factors were provided in the available document content. The filing includes standard financial statements without forward-looking statements or outlook commentary in the provided sections.