Hurco reported a net loss of $3,041,000 for the fourth quarter of fiscal year 2025, compared to a net loss of $1,442,000 for the same period in fiscal year 2024.
Sales and service fees for the fourth quarter were $45,467,000, a decrease of $8,235,000, or 15%, compared to the same period last year.
Greg Volovic, CEO, highlighted a positive trend in orders and sales in the U.S. and Germany, showing improvement in the second half of the fiscal year.
Net Loss
Fourth quarter net loss increased compared to the previous year, impacted by non-cash tax valuation allowances in both fiscal year 2025 and 2024.
Sales Performance
Sales and service fees decreased in the fourth quarter and fiscal year 2025, driven by lower sales in the Americas and Europe, partially offset by favorable currency impacts.
Market Trends
Positive trend in orders and sales in the U.S. and Germany in the second half of fiscal year 2025, indicating potential growth opportunities.
- Hurco faced challenges in fiscal year 2025 due to headwinds from tariffs and macro-economic conditions.
- Focused on continuous improvement with targeted leadership transitions to drive growth and customer engagement.
- Achieved increase in cash and reduction in expenses while investing in innovative technologies, setting a strong foundation for fiscal year 2026.
Hurco remains optimistic for fiscal year 2026, emphasizing a strong balance sheet, enhanced management team, and a product portfolio supporting long-term growth.