Earnings Call Summary | Mastech Digital(MHH.US) Q1 2024 Earnings Conference
Earnings Call Summary | Mastech Digital(MHH.US) Q1 2024 Earnings Conference
The following is a summary of the Mastech Digital, Inc. (MHH) Q1 2024 Earnings Call Transcript:
以下是Mastech Digital, Inc.（MHH）2024年第一季度财报电话会议记录摘要：
Financial Performance:
财务业绩：
In Q1 2024, Mastech Digital's revenues totaled $46.8 million, a 15% year-over-year decline but a 2% growth over the previous quarter.
Revenues in the Data and Analytics service segment were $8.1 million, while the IT Staffing Services segment revenues totaled $38.8 million.
Gross margins improved to 25.9% in Q1 2024 from 24.5% the previous year.
The company reported a GAAP net loss of $161,000, or $0.01 loss per diluted share, and a non-GAAP net income of $800,000, or $0.06 per diluted share.
The company had $19.4 million in cash balances, no bank debt, and a borrowing availability of $24.2 million under its revolving credit facility as of March 31, 2024.
在2024年第一季度，Mastech Digital的总收入为4,680万美元，同比下降15％，但比上一季度增长了2％。
数据和分析服务板块的收入为810万美元，而IT人员配备服务板块的总收入为3,880万美元。
毛利率从去年的24.5％提高到2024年第一季度的25.9％。
该公司报告的GAAP净亏损为16.1万美元，摊薄后每股亏损0.01美元，非公认会计准则净收益为80万美元，摊薄后每股亏损0.06美元。
截至2024年3月31日，该公司的现金余额为1,940万美元，无银行债务，循环信贷额度下的可用借款额度为2420万美元。
Business Progress:
业务进展：
The company's Q1 2024 bookings totaled $9.6 million, surpassing last year's Q1 bookings by $1.2 million.
Mastech Digital increased its billing consultant headcount by 6% in Q1 2024 and is optimistic about its clients' willingness to start new assignments and tackle pent-up IT needs.
The company remains committed to its share buyback program and plans to continue purchases once out of the earnings blackout period.
In terms of strategic partnerships and brand development, the company sponsored Gartner's Data & Analytics Summit, which resulted in new client introductions and enhanced its go-to-market strategy.
该公司2024年第一季度的预订总额为960万美元，比去年第一季度的预订量高出120万美元。
Mastech Digital在2024年第一季度将其计费顾问人数增加了6％，并对其客户愿意开始新任务和满足被压抑的IT需求持乐观态度。
该公司仍然致力于其股票回购计划，并计划在收益封锁期结束后继续收购。
在战略合作伙伴关系和品牌发展方面，该公司赞助了Gartner的数据与分析峰会，该峰会引入了新的客户并加强了其进入市场战略。
More details: Mastech Digital IR
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