HUDSON TECHNOLOGIES Reports 13.0% Decrease in Total Revenue for Q2 2023
August 6, 2023
🌥️Earnings Overview
HUDSON TECHNOLOGIES ($NASDAQ:HDSN) reported total revenue of USD 90.5 million for the quarter ending June 30 2023, a 13.0% decrease compared to the same period in the prior year. Its net income for this period was USD 19.2 million, a 51.8% decrease year-over-year, and these results were made public on August 2 2023.
Analysis
GoodWhale’s Risk Rating for this company comes out to a medium risk investment when analyzing its financial and business aspects. Additionally, GoodWhale has detected 1 risk warning in HUDSON TECHNOLOGIES’ balance sheet. To review this warning, users need to register with GoodWhale in order to gain access to the details. With this information, investors can make more informed decisions on whether or not to invest in this company. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Hudson Technologies. More…
| Total Revenues | Net Income | Net Margin |
| 304.62 | 69.16 | 22.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Hudson Technologies. More…
| Operations | Investing | Financing |
| 68.42 | -3.66 | -57.35 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Hudson Technologies. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 299.06 | 87.61 | 4.66 |
Key Ratios Snapshot
Some of the financial key ratios for Hudson Technologies are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 25.1% | -26.9% | 30.8% |
| FCF Margin | ROE | ROA |
| 21.1% | 29.1% | 19.6% |
Peers
Hudson Technologies Inc is a publicly traded company on the NASDAQ Global Market under the ticker symbol HDSN. It is headquartered in Pearl River, New York and was founded in 1987. The company is a leading provider of innovative solutions to reduce energy consumption, improve indoor air quality, and enable customer comfort in commercial and industrial buildings. Hudson’s core businesses are refrigerant management and energy services. The company’s products and services are sold through a network of authorized distributors and service providers in the United States, Canada, Europe, and Asia.
Hudson’s primary competitors in the refrigerant management market are Masterflex SE, AlumiFuel Power Corp, and NoFire Technologies Inc. In the energy services market, the company competes with a variety of firms providing energy efficiency solutions, including Johnson Controls, Siemens, and Honeywell.
– Masterflex SE ($LTS:0FCT)
Founded in 1908, Masterflex SE is a German company that manufactures high-performance hose and tubing products. The company has a market cap of 62.52M as of 2022 and a Return on Equity of 10.87%. Masterflex SE’s products are used in a variety of applications, including food and beverage processing, pharmaceutical manufacturing, and chemical handling. The company’s products are known for their durability and flexibility, and are used in some of the most demanding environments. Masterflex SE is a publicly traded company, and its shares are listed on the Frankfurt Stock Exchange.
– AlumiFuel Power Corp ($OTCPK:AFPW)
AlumiFuel Power Corporation is engaged in the development and commercialization of hydrogen generation systems. Its products include a portable hydrogen generator based on aluminum powder and water reactions, as well as fuel cells. The company was founded in 2004 and is headquartered in Denver, Colorado.
– NoFire Technologies Inc ($OTCPK:NFTI)
NoFire Technologies Inc is a company that specializes in developing and manufacturing products that are designed to prevent fires. The company has a market cap of 1.81M as of 2022 and a Return on Equity of 17.43%. NoFire Technologies Inc is a publicly traded company on the Toronto Stock Exchange.
Summary
HUDSON TECHNOLOGIES reported its financial results for the quarter ended June 30 2023, showing total revenue of USD 90.5 million, a decrease of 13.0% from the same period in the prior year. Net income for the quarter was USD 19.2 million, a decrease of 51.8% over last year. On August 2, the day the results were released, the stock price dropped.
Investors should take this into consideration when analyzing potential investments in HUDSON TECHNOLOGIES, as the financial performance showed signs of decline. Further research should be done in order to determine if the company can improve its performance and generate better returns.
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