EGMENT AND GEOGRAPHIC DATA

Segment Reporting

The Company operates in three reportable segments: the Hudson regional businesses of Hudson Americas, Hudson Asia Pacific, and Hudson Europe. Corporate expenses are reported separately from the three reportable segments and pertain to certain functions, such as executive management, corporate governance, human resources, accounting, administration, tax and treasury. Segment information is presented in accordance with ASC 280, "Segments Reporting." This standard is based on a management approach that requires segmentation based upon the Company’s internal organization and disclosure of revenue and certain expenses based upon internal accounting methods. The Company’s financial reporting systems present various data for management to run the business, including internal profit and loss statements prepared on a basis not consistent with U.S. GAAP. Accounts receivable, net and long-lived assets are the only significant assets separated by segment for internal reporting purposes. The following information is presented net of discontinued operations. For more information see Note 5.



	Hudson Americas		Hudson Asia Pacific		Hudson Europe		Corporate			Elimination		Total
For The Three Months Ended March 31, 2018
Total revenue	$	3,701	$	8,824	$	3,690	$	—		$	—	$	16,215
Total gross margin	$	3,124	$	4,922	$	2,108	$	—		$	—	$	10,154
EBITDA (loss) (a)	$	291	$	544	$	11	$	(3,571	)	$	—	$	(2,725	)
Income (loss) from continuing operations before income taxes	$	291	$	544	$	11	$	(3,571	)	$	—	$	(2,725	)

As of March 31, 2018
Accounts receivable, net	$	2,645	$	6,174	$	4,856	$	—		$	—	$	13,675
Long-lived assets, net of accumulated depreciation and amortization (b)	$	—	$	—	$	7	$	—		$	—	$	7
Total assets	$	4,292	$	8,242	$	6,750	$	38,686		$	—	$	57,970



	Hudson Americas			Hudson Asia Pacific		Hudson Europe		Corporate			Inter- segment elimination		Total
For The Three Months Ended March 31, 2017
Total revenue	$	4,314		$	6,341	$	3,337	$	—		$	—	$	13,992
Total gross margin	$	3,832		$	4,184	$	1,986	$	—		$	—	$	10,002
Business reorganization	$	(92	)	$	—	$	1	$	(22	)	$	—	$	(113	)
EBITDA (loss) (a)	$	335		$	742	$	179	$	(1,508	)	$	—	$	(252	)
Depreciation and amortization	$	2		$	—	$	—	$	79		$	—	81
Income (loss) from continuing operations before income taxes	$	333		$	742	$	179	$	(1,587	)	$	—	$	(333	)

As of March 31, 2017
Accounts receivable, net	$	3,062		$	3,223	$	3,212	$	—		$	—	$	9,497
Long-lived assets, net of accumulated depreciation and amortization (b)	$	—		$	—	$	9	$	280		$	—	$	289
Total assets	$	6,145		$	3,548	$	4,320	$	1,790		$	—	$	15,803

(a)SEC Regulation S-K Item 229.10(e)1(ii)(A) defines EBITDA as earnings before interest, taxes, depreciation and amortization. EBITDA is presented to provide additional information to investors about the Company's operations on a basis consistent with the measures that the Company uses to manage its operations and evaluate its performance. Management also uses this measurement to evaluate working capital requirements. EBITDA should not be considered in isolation or as a substitute for operating income and net income prepared in accordance with U.S. GAAP or as a measure of the Company's profitability.

(b) Comprised of property and equipment. Corporate assets are included in the United States.

Geographic Data Reporting

A summary of revenues for the three months ended March 31, 2018 and 2017 and long-lived assets and net assets by geographic area as of March 31, 2018 and 2017 were as follows:



	Australia		United Kingdom		United States		Other		Total
For The Three Months Ended March 31, 2018
Revenue (a)	$	7,639	$	3,533	$	3,535	$	1,508	$	16,215
For The Three Months Ended March 31, 2017
Revenue (a)	$	5,336	$	2,653	$	4,104	$	1,899	$	13,992
As of March 31, 2018
Long-lived assets, net of accumulated depreciation and amortization (b)	$	—	$	7	$	—	$	—	$	7
Net assets	$	2,909	$	2,802	$	35,365	$	2,902	$	43,978
As of March 31, 2017
Long-lived assets, net of accumulated depreciation and amortization (b)	$	—	$	—	$	288	$	1	$	289
Net assets	$	1,146	$	1,803	$	3,691	$	1,374	$	8,014


(a)	Revenue by geographic region disclosed above is net of any inter-segment revenue and, therefore, represents only revenue from external customers according to the location of the operating subsidiary.

(b) Comprised of property and equipment. Corporate assets are included in the United States.