Hurco Companies, Inc. Stock News

Hurco's near-term outlook remains challenging due to cautious capital spending by small manufacturers and ongoing trade/tariff uncertainties. The company maintains a strong cash position and no debt, providing stability through the downturn and positioning it for a rebound when demand recovers. Recovery is expected in 2026/2027, with potential for double-digit revenue growth and fair value esti...

INDIANAPOLIS, June 06, 2025 (GLOBE NEWSWIRE) -- Hurco Companies, Inc. (Nasdaq: HURC) today reported results for the second fiscal quarter ended April 30, 2025. Hurco recorded a net loss of $4,063,000, or $0.62 per diluted share, for the second quarter of fiscal year 2025, which included a non-cash tax valuation allowance of $1,270,000 recorded in provision for income taxes.

Like the larger machinery capex space, Hurco has struggled to find a cyclical bottom, and the current business environment is a challenging one for its generally smaller clientele. Fiscal Q1 saw a 14% sequential revenue decline, with gross margin contraction and a larger operating loss, and management saw a mix shift toward more value-priced machinery. Orders fell 20% YoY and 22% QoQ, with a bo...

INDIANAPOLIS, March 07, 2025 (GLOBE NEWSWIRE) -- Hurco Companies, Inc. (Nasdaq: HURC) today reported results for the first fiscal quarter ended January 31, 2025. Hurco recorded a net loss of $4,320,000, or $0.67 loss per diluted share, for the first quarter of fiscal year 2025, which included a non-cash tax valuation allowance of $2,385,000 recorded in provision for income taxes, compared to a ...