- Reduced Outstanding Debt by Nearly 60% Over
Last Six Months - - Sustained Margins Despite Lower Revenue -
Startek, Inc. (NYSE:SRT) ("Startek" or the "Company"), a global
customer experience (CX) solutions provider, is reporting financial
results for the second quarter ended June 30, 2023. As a result of
current and planned divestitures, the Company has classified Middle
East and Argentina operations as 'Held for Sale and Discontinued
Operations'. Accordingly net revenue, gross profit, gross margin,
SG&A expenses and adjusted EBITDA are reported for the
continuing operations and net income, EPS, adjusted net
income/(loss) and adjusted EPS are reported after consolidating
continuing and discontinued operations.
Second Quarter 2023 Financial Summary ($ in millions,
excl. margin items)
Q2 2023
Q2 2022
Change
Revenue
91.20
96.15
(5.15)%
Gross Profit
11.66
11.03
5.71%
Gross Margin
12.79%
11.47%
132bps
SG&A Expenses
10.80
9.85
9.64%
Adjusted EBITDA [3]
7.65
7.85
(2.55)%
Net Income (Loss) [1]
6.54
1.87
249.73%
EPS[1]
0.16
0.05
220%
Adjusted Net Income [2], [3]
1.46
6.33
(76.94)%
Adjusted EPS[2], [3]
0.04
0.15
(73.33)%
[1] Reflects net income (loss) and
EPS attributable to Startek shareholders. [2] Reflects Adjusted net income and adjusted EPS
attributable to Startek shareholders. [3] Refer to the reconciliation of GAAP to
Non-GAAP financial measures.
Management Commentary
"The second quarter marked continued progress as we ramped up
new client wins from the start of the year, while continuing to
expand our margin profile and significantly de-lever our balance
sheet,” said Bharat Rao, Global CEO of Startek. “While volatility
within the broader economic environment has impacted
decision-making and elongated sales cycles, our near-shore and
offshore capabilities proved to be an attractive and cost-effective
offering, particularly in the U.S. where we saw continued
expansion. We also unveiled our new visual identity to mark the
start of our next chapter as a unified brand across the globe. This
is a culmination of all the tireless efforts our organization has
made to strategically position the Company for the future, and
we’ve been very pleased with the initial response to our new
branding.
“As we move into the back-half of the year, we remain highly
focused on capturing cost efficiencies from the consolidation
efforts we’ve made across our digital and sales teams. Despite the
difficult macro conditions, our sales team remains hard at work
expanding our pipeline and developing relationships that we can
capitalize on over the long-term. Our near-shore and offshore
offerings have the ability to provide significant cost savings for
our clients, so we’ve been making a strong marketing push to ensure
Startek is under consideration when companies are evaluating their
customer experience needs. We are also continuing to invest in our
technology and are actively pursuing partnerships that can bolster
our service offerings and better leverage cutting edge technology
like artificial intelligence and automation.
“Overall, I’m very pleased with the position Startek is in
today. Our mission is to offer a best-in-class customer experience
to our clients. We remain committed to keeping this idea at the
forefront of everything we do and ensuring we remain relevant with
our technology offerings. With much of the noise from our strategic
events now behind us, we look forward to directing our core focus
on expanding our reach, growing our client count and delivering
profitable growth to our shareholders.”
Second Quarter 2023 Financial Summary
Net Revenue in the second quarter was $91.20 million compared to
$96.15 million in the year-ago quarter. The decrease was primarily
due to volume declines across most of the Company’s international
footprint, partially offset by an increase in the Americas region
with the addition of new clients and increased momentum with
existing clients. On a constant currency basis, Revenue decreased
1.35% compared to the year-ago quarter.
Gross profit in the second quarter increased by 5.71% to $11.66
million compared to $11.03 million in the year-ago quarter. Gross
margin improved 132 basis points to 12.79% compared to 11.47% in
the year-ago quarter. The improvement in gross profit and gross
margin is primarily attributable to lower employee costs resulting
from a higher portion of service delivered near-shore and offshore,
along with proactive pricing adjustments to account for the
inflationary environment.
Selling, general and administrative (SG&A) expenses in the
second quarter increased to $10.80 million compared to $9.85
million in the year-ago quarter. As a percentage of revenue,
SG&A increased to 11.84% compared to 10.24% in the year-ago
quarter. The increase is primarily due to the aforementioned lower
revenue base, along with investments in sales and marketing and an
increase in travel costs.
Adjusted EBITDA* in the second quarter was $7.65 million
compared to $7.85 million in the year-ago quarter. The decrease is
primarily attributable to the aforementioned decline in net
revenue, as well as currency exchange losses during the period.
Net income (loss) attributable to Startek shareholders in the
second quarter was $6.54 million or $0.16 per share, compared to a
net income of $1.87 million or $0.05 per share in the year-ago
quarter. This represents income (loss) attributable to Startek
shareholders from continuing operations of $(0.03) million in Q2
2023 and $2.45 million in Q2 2022, along with income (loss)
attributable to Startek shareholders from discontinued operations
of $6.57 million in Q2 2023 and $(0.58) million in Q2 2022.
Adjusted net income* in the second quarter was $1.46 million or
$0.04 per diluted share, compared to an adjusted net income* of
$6.33 million or $0.15 per diluted share in the year-ago quarter.
This represents adjusted net income (loss) from continuing
operations of $1.46 million in Q2 2023 and $6.24 million in Q2
2022, along with adjusted net income (loss) from discontinued
operations of $0 million in Q2 2023 and $0.09 million in Q2
2022.
On June 30, 2023, cash and restricted cash was $39.06
million[1] compared to $72.40 million
as at December 31, 2022. The decrease in cash balance was driven by
the utilization of $41 million in proceeds received from the
Company’s divesture in CSS, to prepay debt. Total debt as at June
30, 2023, was $78.50 million compared to $175.91 million as at
December 31, 2022, and net debt as at June 30, 2023, was $39.44
million[2] compared to $103.51 million
as at December 31, 2022.
On April 24, 2023, the Board of Directors approved an
authorization to repurchase up to $20 million of the Company’s
common stock from time to time in accordance with the requirements
of the Securities and Exchange Commission. During the three months
ended June 30, 2023, the Company repurchased 51,979 shares at an
average cost of $2.98 per share.
*A non-GAAP measure defined below.
Conference Call and Webcast Details
Startek management will host the call, followed by a
question-and-answer period.
Date: Thursday, August 10, 2023 Time: 5 p.m. ET Toll-free
dial-in number: 1-888-999-3182 International dial-in number:
1-848-280-6330 Conference ID: 11152939
Please call the conference telephone number 5-10 minutes prior
to the start time. An operator will register your name and
organization. If you have any difficulty connecting with the
conference call, please contact Gateway Group, Inc. at
1-949-574-3860.
The conference call will be broadcast live and available for
replay here, as well as in the investor relations section of the
company’s website at www.startek.com. A telephonic replay of the
conference call will also be available after 8 p.m. ET on the same
day through August 17, 2023.
Toll-free replay number: 1-844-512-2921 International replay
number: 1-412-317-6671 Replay ID: 11152939
__________________________
[1] Cash balance excluding
restricted cash as at June 30, 2023 amounted to $34.91 million as
compared to $15.8 million on March 31, 2023.
[2] Net debt excluding restricted
cash balance at June 30, 2023 was $43.59 million compared to
$114.90 million on March 31, 2023.
About Startek
Startek is a leading global provider of technology-enabled
customer experience (CX) solutions. The Company provides
omnichannel CX, digital transformation, and technology services to
some of the world’s leading brands. Startek is committed to
impacting clients’ business outcomes by focusing on enhancing CX
and digital enablement across all touch points and channels.
Startek has more than 32,000 employees delivering services in 11
countries. The Company services over 145 clients across a range of
industries such as banking and financial services, insurance,
technology, telecoms, healthcare, travel and hospitality, consumer
goods, retail and energy and utilities. To learn more, visit
www.startek.com.
Forward-Looking Statements
The matters regarding the future discussed in this news release
include forward-looking statements as defined in the Private
Securities Litigation Reform Act of 1995. Such forward-looking
statements are intended to be identified in this document by the
words “anticipate,” “believe,” “estimate,” “expect,” “intend,”
“may,” “objective,” “outlook,” “plan,” “project,” “possible,”
“potential,” “should” and similar expressions. As described below,
such statements are subject to a number of risks and uncertainties
that could cause Startek's actual results to differ materially from
those expressed or implied by any such forward-looking statements.
Readers are encouraged to review risk factors and all other
disclosures appearing in the Company's Form 10-K for the fiscal
year ended December 31, 2022, as filed with the Securities and
Exchange Commission (SEC) on March 28, 2023, as well as other
filings with the SEC, for further information on risks and
uncertainties that could affect Startek's business, financial
condition and results of operation. Copies of these filings are
available from the SEC, the Company’s website or the Company’s
investor relations department. Startek assumes no obligation to
update or revise any forward-looking statements as a result of new
information, future events or otherwise. Readers are cautioned not
to place undue reliance on these forward-looking statements that
speak only as of the date herein.
STARTEK, INC. AND
SUBSIDIARIES
CONSOLIDATED STATEMENTS OF
INCOME (LOSS)
(In thousands, except per share
amounts)
(Unaudited)
Three Months Ended June
30,
Six Months Ended June
30,
2023
2022
2023
2022
Revenue
91,197
96,147
183,286
197,239
Cost of services
(79,534
)
(85,113
)
(158,641
)
(172,416
)
Gross profit
11,663
11,034
24,645
24,823
Selling, general and administrative
expenses
(10,798
)
(9,848
)
(21,107
)
(21,809
)
Impairment (losses)/ reversals and
restructuring/exit cost
442
(78
)
125
(73
)
Operating income (loss)
1,307
1,108
3,663
2,941
Share of income (loss) of equity accounted
investee
-
3,833
-
3,825
Interest expense and other income
(expense), net
(1,582
)
(1,315
)
(3,659
)
(3,045
)
Foreign exchange gains (losses), net
345
124
417
(100
)
Income (loss) from continuing
operations before tax expenses
70
3,750
421
3,621
Tax expenses
(101
)
(1,303
)
(1,010
)
(1,941
)
Income (loss) from continuing
operations, net of tax (A)
(31
)
2,447
(589
)
1,680
Income (loss) before income tax expenses
from discontinued operations
(910
)
301
2,751
2,809
Pre-tax gain on disposal
11,666
-
11,666
-
Tax expenses of discontinued
operations
(4,190
)
(120
)
(5,374
)
(1,575
)
Income (loss) from discontinued
operations, net of tax (B)
6,566
181
9,043
1,234
Net income (loss) (A+B)
6,535
2,628
8,454
2,914
Income (loss) from continuing
operations (A)
Income (loss) attributable to
noncontrolling interests
-
-
-
-
Income (loss) attributable to Startek
shareholders
(31
)
2,447
(589
)
1,680
(31
)
2,447
(589
)
1,680
Income (loss) from discontinued
operations (B)
Income (loss) attributable to
noncontrolling interests
-
761
2,589
2,290
Income (loss) attributable to Startek
shareholders
6,566
(580
)
6,454
(1,056
)
6,566
181
9,043
1,234
Net income (loss) (A+B)
Net income (loss) attributable to
noncontrolling interests
-
761
2,589
2,290
Net income (loss) attributable to Startek
shareholders
6,535
1,867
5,865
624
6,535
2,628
8,454
2,914
Net income (loss) per common share from
continuing operations
Basic net income (loss) attributable to
Startek shareholders
(0.00
)
0.06
(0.01
)
0.04
Diluted net income (loss) attributable to
Startek shareholders
(0.00
)
0.06
(0.01
)
0.04
Net income (loss) per common share from
discontinued operations
Basic net income (loss) attributable to
Startek shareholders
0.16
(0.01
)
0.16
(0.02
)
Diluted net income (loss) attributable to
Startek shareholders
0.16
(0.01
)
0.16
(0.02
)
Net income (loss) per common share from
continuing and discontinued operations
Basic net income (loss) attributable to
Startek shareholders
0.16
0.05
0.15
0.02
Diluted net income (loss) attributable to
Startek shareholders
0.16
0.05
0.15
0.02
Weighted average common shares
outstanding
Basic
40,316
40,284
40,302
40,311
Diluted
40,318
40,308
40,314
40,366
STARTEK, INC. AND
SUBSIDIARIES
CONSOLIDATED STATEMENTS OF
OTHER COMPREHENSIVE INCOME (LOSS)
(In thousands, except per share
amounts)
(Unaudited)
Three Months Ended June
30,
Six Months Ended June
30,
2023
2022
2023
2022
Net income (loss) (A+B)
6,535
2,628
8,454
2,914
Net income (loss) attributable to
noncontrolling interests
-
761
2,589
2,290
Net income (loss) attributable to Startek
shareholders
6,535
1,867
5,865
624
Other comprehensive income (loss), net
of taxes from continuing operations:
Foreign currency translation
adjustments
(2,401
)
(3,934
)
(2,525
)
(3,388
)
Pension amortization
-
(64
)
124
-
Other comprehensive income (loss) from
continuing operations
(2,401
)
(3,998
)
(2,401
)
(3,388
)
Other comprehensive income (loss), net
of taxes from discontinued operations:
Foreign currency translation
adjustments
(50
)
(3
)
(50
)
(1
)
Pension amortization
3,062
515
4,187
(686
)
Other comprehensive income (loss) from
discontinuing operations
3,012
512
4,137
(687
)
Other comprehensive income (loss) from
continuing and discontinuing operations
611
(3,486
)
1,736
(4,075
)
Other comprehensive income (loss), net
of taxes from continuing operations
Attributable to noncontrolling
interest
-
-
-
-
Attributable to Startek shareholders
(2,401
)
(3,998
)
(2,401
)
(3,388
)
(2,401
)
(3,998
)
(2,401
)
(3,388
)
Other comprehensive income (loss), net
of taxes from discontinued operations
Attributable to noncontrolling
interests
-
281
614
(374
)
Attributable to Startek shareholders
3,012
231
3,523
(314
)
3,012
512
4,137
(687
)
Comprehensive income (loss) from
continuing and discontinuing operations
Attributable to noncontrolling
interests
-
1,042
3,203
1,916
Attributable to Startek shareholders
7,146
(1,899
)
6,987
(3,077
)
7,146
(857
)
10,190
(1,161
)
STARTEK, INC. AND
SUBSIDIARIES
CONSOLIDATED BALANCE
SHEETS
(In thousands, except share
data)
(Unaudited)
June 30,
December 31,
2023
2022
Assets
Current assets
Cash and cash equivalents
34,908
22,457
Restricted cash
4,151
49,946
Trade accounts receivables, net
38,243
47,138
Unbilled revenue
30,801
24,207
Prepaid expenses and other current
assets
15,819
9,159
Assets classified as held for sale
8,416
202,831
Total current assets
132,338
355,738
Non-current assets
Property, plant and equipment, net
28,200
22,945
Operating lease right-of-use assets
37,591
36,450
Intangible assets, net
74,602
79,745
Goodwill
120,505
120,505
Deferred tax assets, net
2,724
2,771
Prepaid expenses and other non-current
assets
8,826
7,889
Total non-current assets
272,448
270,305
Total assets
404,786
626,043
Liabilities and Stockholders’
Equity
Current liabilities
Trade accounts payables
7,852
2,428
Accrued expenses
31,413
29,707
Short term debt
11,089
14,267
Current maturity of long term debt
6,564
120,466
Current maturity of operating lease
liabilities
14,951
14,492
Other current liabilities
24,260
17,615
Liabilities classified as held for
sale
7,341
89,486
Total current liabilities
103,470
288,461
Non-current liabilities
Long term debt
60,848
41,175
Operating lease liabilities
26,464
26,651
Other non-current liabilities
3,292
2,682
Deferred tax liabilities, net
15,412
15,508
Total non-current liabilities
106,016
86,016
Total liabilities
209,486
374,477
Stockholders’ equity
Common stock, 60,000,000 non-convertible
shares, $0.01 par value, authorized; 41,168,618 and 41,098,456
shares issued as of June 30, 2023 and December 31, 2022
respectively.
412
411
Additional paid-in capital
294,266
293,472
Accumulated deficit
(80,538
)
(86,302
)
Treasury stock, 891,193 and 839,214 shares
as of June 30, 2023 and December 31, 2022 respectively, at cost
(3,904
)
(3,749
)
Accumulated other comprehensive loss
(14,936
)
(16,058
)
Equity attributable to Startek
shareholders
195,300
187,774
Non-controlling interest
-
63,792
Total stockholders’ equity
195,300
251,566
Total liabilities and stockholders’
equity
404,786
626,043
STARTEK, INC. AND
SUBSIDIARIES
CONSOLIDATED STATEMENTS OF
CASH FLOWS
(In thousands)
(Unaudited)
Six Months Ended June
30,
2023
2022
Operating activities
Income from continuing and discontinued
operations
8,454
2,914
less: Income (loss) from discontinued
operations, net of tax
9,043
1,234
Income (loss) from continuing
operations, net of tax
(589
)
1,680
Adjustments to reconcile net income to
net cash provided by operating activities:
Depreciation and amortization
10,535
11,043
Profit on sale of property, plant and
equipment
(12
)
(80
)
Provision/(reversal) for doubtful
accounts
(412
)
(125
)
Amortization of debt issuance costs
(including loss on extinguishment of debt)
80
286
Amortization of call option premium
-
720
Mark to market gain on derivative
instrument
(356
)
-
Share-based compensation expense
769
833
Deferred income taxes
33
(612
)
Share of income of equity accounted
investee
-
(3,825
)
Changes in operating assets and
liabilities:
Trade accounts receivables (including
unbilled revenue)
1,024
6,127
Prepaid expenses and other assets
(5,597
)
(5,522
)
Trade accounts payable
5,491
1,473
Income taxes, net
(2,689
)
576
Accrued expenses and other liabilities
9
(3,202
)
Net cash generated from by operating
activities from continuing operations
8,286
9,372
Net cash generated from/used in
operating activities from discontinued operations
(7,795
)
278
Net cash generated from operating
activities
491
9,650
Investing activities
Purchase of property, plant and equipment
and intangible assets, net
(7,630
)
(5,303
)
Proceeds from sale of discontinued
operations, net of cash disposed
34,890
-
Net cash generated from/used in
investing activities from continuing operations
27,260
(5,303
)
Net cash generated from/used in
investing activities from discontinued operations
(3,570
)
(1,832
)
Net cash generated from/used in
investing activities
23,690
(7,135
)
Financing activities
Proceeds from the issuance of common
stock
25
246
Payments of long term debt
(93,466
)
-
(Payment)/ Proceed from a line of credit,
net
(3,218
)
1,423
Payments of other borrowings, net
(842
)
(1,077
)
Common stock repurchases
(155
)
(1,334
)
Net cash generated from/used in
financing activities from continuing operations
(97,656
)
(742
)
Net cash generated from/used in
financing activities from discontinued operations
(303
)
108
Net cash generated from/used in
financing activities
(97,959
)
(634
)
Net increase in cash and cash
equivalents
(73,778
)
1,881
Effect of exchange rate changes on cash
and cash equivalents and restricted cash
(1,151
)
(1,486
)
Cash and cash equivalents and restricted
cash at beginning of period
115,146
55,396
Cash and cash equivalents and
restricted cash at end of period
40,217
55,791
Less: Cash and cash equivalents from
discontinued operations
(1,158
)
(22,475
)
Cash and cash equivalents and
restricted cash of continuing operations at end of period
39,059
33,315
Components of cash and cash equivalents
and restricted cash
Balances with banks
34,908
30,292
Restricted cash
4,151
3,023
Total cash and cash equivalents and
restricted cash
39,059
33,315
Supplemental disclosure of cash flow
information
Cash paid for interest and other finance
cost
6,225
4,368
Cash paid for income taxes
(3,661
)
2,168
Supplemental disclosure of non-cash
activities
Non-cash share-based compensation
expenses
769
833
STARTEK, INC. AND SUBSIDIARIES
RECONCILIATION OF GAAP TO NON-GAAP MEASURE (In thousands)
(Unaudited)
This press release contains references to the non-GAAP financial
measure of Adjusted EBITDA. Reconciliation of this non-GAAP measure
to its comparable GAAP measure is included below. This non-GAAP
information should not be construed as an alternative to the
reported results determined in accordance with GAAP. It is provided
solely to assist in an investor’s understanding of these items on
the comparability of the Company’s operations.
Adjusted EBITDA:
The Company defines non-GAAP Adjusted EBITDA as Net income
(loss) plus Income tax expense, Share of income (loss) of
equity-accounted investees, Interest expense and other income
(expense), net, Depreciation and amortization expense, Impairment
losses and restructuring cost, Share-based compensation expense,
Foreign exchange gains (losses), net, Private offer transaction
costs, Transaction related costs, CSS option amortization and other
non-recurring costs (if applicable). Management uses Adjusted
EBITDA as a performance measure to analyze the performance of our
business. Management believes that excluding these non-cash and
other non-recurring items permits a more meaningful comparison and
understanding of our strength and performance of our ongoing
operations for our investors and analysts.
Adjusted EPS:
Adjusted EPS is a non-GAAP financial measure presenting the
earnings generated by the ongoing operations that we believe are
useful to investors in making meaningful comparisons to other
companies, although our measure of Adjusted EPS may not be directly
comparable to similar measures used by other companies, and
period-over-period comparisons. Adjusted EPS is defined as our
diluted earnings per common share attributable to Startek
shareholders adjusted to exclude the effects of the amortization of
acquisition-related intangible assets, and the impact of certain
events, gains, losses or other charges that affect
period-over-period comparisons. Acquisition-related intangible
assets are recognized as a result of the application of Accounting
Standards Codification Topic (“ASC”) 805, Business Combinations
(such as customer relationships and Brand), and their amortization
is significantly affected by the size and timing of our
acquisitions.
Adjusted EBITDA:
Three Months Ended June
30,
Six Months Ended June
30,
2023
2022
2023
2022
Continuing Operations
Net income (loss)
(31
)
2,447
(589
)
1,680
Tax expense
101
1,304
1,010
1,941
Share of income of equity accounted
investee
-
(3,833
)
-
(3,825
)
Interest expense and other income
(expense), net
1,582
1,315
3,659
3,045
Foreign exchange gains (losses), net
(345
)
(124
)
(417
)
100
Depreciation and amortization expense
5,297
5,212
10,535
11,043
Private offer transaction cost
-
692
-
1,192
Impairment losses and restructuring
cost
(442
)
77
(125
)
73
Share-based compensation expense
389
405
769
833
Other non recurring costs
1,100
-
1,100
-
CSS option amortisation
-
360
-
720
Adjusted EBITDA
7,651
7,855
15,942
16,802
Discontinued Operations
a) Argentina
Net income (loss)
(910
)
(1,097
)
(2,419
)
(2,273
)
Tax expense
-
-
-
-
Interest expense and other income
(expense), net
(1,476
)
92
(2,009
)
(1,275
)
Foreign exchange gains (losses), net
242
34
356
212
Depreciation and amortization expense
-
143
-
293
Impairment losses and restructuring
cost
1,825
667
3,166
2,049
Adjusted EBITDA
(319
)
(161
)
(906
)
(994
)
b) CCC
Net income (loss)
4,422
1,279
8,408
3,507
Tax expense
7,245
120
8,429
1,575
Interest expense and other income
(expense), net
-
697
1,173
1,308
Foreign exchange gains (losses), net
-
8
10
14
Depreciation and amortization expense
-
1,614
-
3,222
Impairment losses and restructuring
cost
-
-
4
30
Other non recurring costs / (Income)
(11,667
)
-
(11,667
)
-
Adjusted EBITDA
-
3,718
6,357
9,656
Adjusted EBITDA from discontinued
operations (a+b)
(319
)
3,557
5,451
8,662
Adjusted EBITDA from continuing and
discontinued operations
7,332
11,412
21,393
25,464
Adjusted EPS:
Three Months Ended June
30,
Six Months Ended June
30,
2023
2022
2023
2022
Continuing Operations
Income (loss) attributable to Startek
shareholders
(31
)
2,447
(589
)
1,680
Share based compensation expense
180
405
478
833
Amortization of intangible assets, net of
tax
953
2,261
3,197
4,504
Private offer transaction cost
-
692
-
1,192
Impairment losses and restructuring
cost
(326
)
77
(77
)
73
Other non recurring costs / (Income)
684
-
684
-
CSS option amortisation
-
360
-
720
Adjusted net income
1,460
6,242
3,693
9,002
Discontinued Operations
a) Argentina
Income (loss) attributable to Startek
shareholders
(910
)
(1,097
)
(2,419
)
(2,273
)
Impairment losses and restructuring
cost
914
667
1,968
2,049
Adjusted net income (loss)
4
(430
)
(451
)
(224
)
b) CCC
Income (loss) attributable to Startek
shareholders
4,421
518
5,818
1,217
Impairment losses and restructuring
cost
-
-
3
30
Other non recurring costs / (Income)
(4,421
)
-
(4,421
)
-
Adjusted net income (loss)
-
518
1,400
1,247
Adjusted net income (loss) from
Discontinued Operations
4
88
949
1,023
Adjusted Net Income from Continuing and
Discontinued Operations
1,464
6,330
4,642
10,025
Weighted average common shares outstanding
- basic
40,316
40,284
40,302
40,311
Weighted average common shares outstanding
- diluted
40,318
40,308
40,314
40,366
Adjusted EPS from Continuing Operations
- Basic
0.04
0.15
0.09
0.22
Adjusted EPS from Continuing Operations
- Diluted
0.04
0.15
0.09
0.22
Adjusted EPS from Discontinued
Operations - Basic
0.00
0.00
0.02
0.03
Adjusted EPS from Discontinued
Operations - Diluted
0.00
0.00
0.02
0.03
Adjusted EPS from Continuing and
Discontinued Operations - Basic
0.04
0.15
0.11
0.25
Adjusted EPS from Continuing and
Discontinued Operations - Diluted
0.04
0.15
0.11
0.25
View source
version on businesswire.com: https://www.businesswire.com/news/home/20230810818528/en/
Investor Relations Cody Cree Gateway Group, Inc. (949)
574-3860 SRT@gateway-grp.com
Media Relations Neha Iyer Startek
neha.iyer@startek.com
StarTek (NYSE:SRT)
Gráfico Histórico do Ativo
De Abr 2024 até Mai 2024
StarTek (NYSE:SRT)
Gráfico Histórico do Ativo
De Mai 2023 até Mai 2024