Huron announced its Q4 and full year 2020 financial results, revealing a decrease in revenues to $198.3 million compared to $232.3 million in Q4 2019. The company reported a net loss of $6.1 million, influenced by $18.7 million in restructuring charges. Despite these challenges, the Business Advisory segment achieved record revenues, driven by demand for digital, technology, and analytics solutions.
Q4 2020 revenues reached $198.3 million, down from $232.3 million in Q4 2019.
Net loss from continuing operations was $6.1 million, including $18.7 million in restructuring charges.
Adjusted EBITDA was $17.1 million, compared to $29.4 million in the prior year.
The Business Advisory segment achieved record revenues, driven by digital, technology, and analytics offerings.
Huron anticipates full year 2021 revenues to be in the range of $830.0 million to $890.0 million, with adjusted EBITDA as a percentage of revenues between 10.8% and 11.8%, and non-GAAP adjusted diluted earnings per share in the range of $2.25 to $2.75.
Visualization of income flow from segment revenue to net income
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