Hurco Companies, Inc. (HURC) reported a net loss of $4.1 million, or $0.62 per diluted share, for the second quarter of fiscal 2025, ended April 30, 2025, marking a slight increase in losses compared to $3.9 million, or $0.61 per share, in the same quarter last year. Revenue fell 9.5% to $40.9 million from $45.2 million in the prior year, with declines attributed to lower shipments of Hurco and Takumi machines. Cumulatively, first-half revenue totaled $87.3 million, down 3.3% from $90.2 million year-over-year.
Total new orders for the second quarter amounted to $43.7 million, a decrease of 1.1% from $44.2 million in the previous year. Regional order performance varied, with the Americas showing a decline of 0.7%, Europe down by 11.7%, and Asia Pacific outperforming with a 74.4% surge in orders. For the first half of fiscal 2025, total orders fell by 11.3% to $83.8 million from $94.4 million.
Hurco’s effective tax rate was (15%), significantly influenced by valuation allowances against deferred tax assets. The company’s balance sheet showed cash and equivalents rising to $43.8 million as of April 30, 2025, up from $33.3 million on October 31, 2024, with zero debt indicating a conservative capital structure.
