Hudson Technologies, Inc. (HDSN) Q2 2023 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to the Hudson Global Conference Call for the second quarter of 2023. Our call today will be led by Chief Executive Officer Jeff Eberwine and Chief Financial Officer Matt Diamond. Please be advised that the statements made during the presentation include foreign looking statements under applicable security laws. Such foreign looking statements involve certain risks and uncertainties that may cause actual results to differ materially from those contained in the forelooking statements. These risks are discussed in our Form 8-K filed today and in our other filings made with the Securities and Exchange Commission, including our annual report on Form 10-K. The company disclaims any obligation to update any forelooking statements. During the course of this conference call, references will be made to non-GAAP terms such as constant currency adjusted EBITDA and adjusted earnings per diluted share. Reconciliations for these measures are included in our earnings release and quarterly slides, both posted on our website, hudsonrpo.com. I encourage you to access our earnings materials at this time, as they will serve as a helpful reference guide during our call. I will now turn the call over to Jeff Eberwine. Thank you, Operator, and welcome, everyone. We thank you for your interest in Hudson Global and for joining us today. We'll start by reviewing the second quarter 2023 highlights, and Matt Diamond, our CFO, will provide some additional details on our financial results. I will then give an update on current business conditions. For the second quarter of 2023, we reported revenue of $45 million, down 18% year-over-year in constant currency. Adjusted net revenue was $23 million and decreased 15% year-over-year in constant currency. SG&A costs were $20 mil...