Mar. 14 at 11:51 AM
$HSON
Revenue of
$33.9 million decreased 21.3% from the first quarter of 2023 and 20.1% in constant currency.
Adjusted net revenue of
$16.3 million decreased 25.0% from the first quarter of 2023 and 24.6% in constant currency.
Net loss was
$2.9 million, or
$0.95 per diluted share, compared to net income of
$0.4 million, or
$0.11 per diluted share, for the first quarter of 2023. Adjusted net loss per diluted share (non-GAAP measure)* was
$0.72 compared to adjusted net income per diluted share of
$0.22 in the first quarter of 2023.
Adjusted EBITDA loss (non-GAAP measure)* was
$1.5 million, a decrease versus adjusted EBITDA of
$1.1 million in the first quarter of 2023.
Total cash including restricted cash was
$21.0 million at March 31, 2024.
