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Mar 31, 2020
Hudson Q1 2020 Earnings Report
Hudson reported Q1 2020 revenues with an increase of 5% and a gross margin of 23%.
Key Takeaways
Hudson Technologies reported a 5% increase in revenue to $36.4 million compared to the same period last year, driven by higher refrigerant sales volume. The company's gross margin improved to 23% from 20% in Q1 2019. However, they experienced a net loss of $2.9 million, or ($0.07) per share.
Q1 2020 revenues increased by 5% year-over-year to $36.4 million.
Gross margin improved to 23% compared to 20% in the same quarter of the previous year.
The company reported an operating income of $0.4 million.
Total liquidity remained strong at approximately $27 million, including cash and revolver availability.