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SEGMENT AND GEOGRAPHIC DATA
9 Months Ended
Sep. 30, 2024
Segment Reporting [Abstract]  
SEGMENT AND GEOGRAPHIC DATA SEGMENT AND GEOGRAPHIC DATA
Segment Reporting
    The Company operates in three reportable segments: the Hudson regional businesses of Americas, Asia Pacific, and EMEA. Corporate expenses are reported separately for the three reportable segments and pertain to certain functions, such as executive management, corporate governance, investor relations, legal, accounting, tax, and treasury. A portion of these expenses are attributed to the reportable segments for providing the above services to them, and have been allocated to the segments as management service expenses, and are included in the segments’ non-operating other income (expense). Segment information is presented in accordance with ASC 280, “Segment 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 and long-lived assets are the only significant asset separated by segment for internal reporting purposes.
AmericasAsia PacificEMEACorporateInter-Segment EliminationTotal
For The Three Months Ended September 30, 2024
Revenue, from external customers$7,578 $22,560 $6,715 $— $— $36,853 
Inter-segment revenue28 — (37)— 
Total revenue$7,606 $22,561 $6,723 $— $(37)$36,853 
Adjusted net revenue, from external customers (a)
$6,634 $7,847 $4,122 $— $— $18,603 
Inter-segment adjusted net revenue29 (27)(2)— — — 
Total adjusted net revenue$6,663 $7,820 $4,120 $— $— $18,603 
EBITDA (loss) (b)
$351 $312 $42 $(988)$— $(283)
Depreciation and amortization(308)(40)(6)(4)— (358)
Intercompany dividend/interest (expense) income, net— (134)— 134 — — 
Interest income, net— — 91 — 93 
Provision for income taxes(44)(111)(94)(49)— (298)
Net income (loss)$(1)$29 $(58)$(816)$— $(846)
For The Nine Months Ended September 30, 2024
Revenue, from external customers$20,544 $66,718 $19,194 $— $— $106,456 
Inter-segment revenue142 42 — (185)— 
Total revenue$20,686 $66,719 $19,236 $— $(185)$106,456 
Adjusted net revenue, from external customers (a)
$18,783 $22,020 $11,745 $— $— $52,548 
Inter-segment adjusted net revenue142 (166)24 — — — 
Total adjusted net revenue$18,925 $21,854 $11,769 $— $— $52,548 
EBITDA (loss) (b)
$(111)$(65)$459 $(3,243)$— $(2,960)
Depreciation and amortization(889)(124)(20)(9)— (1,042)
Intercompany dividend/interest (expense) income, net— (397)— 397 — — 
Interest income, net— — 273 — 280 
Provision for income taxes(111)90 (347)(95)— (463)
Net income (loss)$(1,111)$(489)$92 $(2,677)$— $(4,185)
As of September 30, 2024
Accounts receivable, net$5,103 $12,315 $7,057 $— $— $24,475 
Long-lived assets, net of accumulated depreciation and amortization (c)
$6,908 $1,865 $27 $31 $— $8,831 
Total assets$14,199 $24,269 $11,356 $7,330 $— $57,154 
AmericasAsia PacificEMEACorporateInter-
Segment
Elimination
Total
For The Three Months Ended September 30, 2023    
Revenue, from external customers$7,167 $26,106 $6,125 $— $— $39,398 
Inter-segment revenue119 — 18 — (137)— 
Total revenue$7,286 $26,106 $6,143 $— $(137)$39,398 
Adjusted net revenue, from external customers (a)
$6,854 $8,694 $3,822 $— $— $19,370 
Inter-segment adjusted net revenue119 (109)(19)— — 
Total adjusted net revenue (a)
$6,973 $8,585 $3,803 $— $$19,370 
EBITDA (loss) (b)
$20 $1,890 $(300)$(363)$— $1,247 
Depreciation and amortization(313)(52)(7)(2)— (374)
Intercompany (expense) interest income, net— (128)— 128 — — 
Interest (expense) income, net— — 88 — 90 
Provision for income taxes(44)(520)26 108 — (430)
Net income (loss)$(337)$1,192 $(281)$(41)$— $533 
For The Nine Months Ended September 30, 2023    
Revenue, from external customers$25,008 $81,784 $20,575 $— $— $127,367 
Inter-segment revenue230 — (6)— (224)— 
Total revenue$25,238 $81,784 $20,569 $— $(224)$127,367 
Adjusted net revenue, from external customers (a)
$24,097 $26,734 $12,886 $— $— $63,717 
Inter-segment adjusted net revenue230 (147)(66)— (17)— 
Total adjusted net revenue$24,327 $26,587 $12,820 $— $(17)$63,717 
EBITDA (loss) (b)
$(876)$5,455 $995 $(2,169)$— $3,405 
Depreciation and amortization(936)(111)(22)(7)— (1,076)
Intercompany (expense) interest income, net— (375)1,218 375 (1,218)— 
Interest (expense) income, net— — 278 — 284 
(Provision for) benefit from income taxes111 (1,440)(387)568 — (1,148)
Net income (loss)$(1,701)$3,535 $1,804 $(955)$(1,218)$1,465 
As of December 31, 2023      
Accounts receivable, net$5,502 $9,280 $4,928 $— $— $19,710 
Long-lived assets, net of accumulated depreciation and amortization (c)
$7,773 $1,954 $33 $38 $— $9,798 
Total assets$17,632 $23,604 $11,064 $8,658 $— $60,958 

(a)Adjusted net revenue is net of the Direct contracting costs and reimbursed expenses caption on the Condensed Consolidated Statements of Operations. Direct contracting costs and reimbursed expenses include the direct staffing costs of salaries, payroll taxes, employee benefits, travel expenses, and insurance costs for the Company’s contractors and reimbursed out-of-pocket expenses and other direct costs. The region where services are provided, the mix of RPO and contracting, and the functional nature of the staffing services provided can affect operating income and EBITDA. The salaries, commissions, payroll taxes, and employee benefits related to recruitment professionals are included under the caption “Salaries and related” in the Condensed Consolidated Statements of Operations.

(b)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.

(c)Comprised of property and equipment, intangible assets and goodwill, net of accumulated depreciation and amortization.

Geographic Data Reporting
    A summary of revenues for the three and nine months ended September 30, 2024 and 2023 and net assets by geographic area as of September 30, 2024 and 2023 and as of December 31, 2023, were as follows:
AustraliaUnited
States
United
Kingdom
OtherTotal
For The Three Months Ended September 30, 2024  
Revenue (a)
$18,089 $7,233 $5,913 $5,618 $36,853 
For The Three Months Ended September 30, 2023  
Revenue (a)
$23,620 $6,706 $5,807 $3,265 $39,398 
For The Nine Months Ended September 30, 2024
Revenue (a)
$54,770 $19,577 $17,317 $14,792 $106,456 
For The Nine Months Ended September 30, 2023
Revenue (a)
$73,414 $23,501 $19,503 $10,949 $127,367 
As of September 30, 2024    
Long-lived assets, net of accumulated depreciation and amortization (b)
$28 $6,938 $17 $1,848 $8,831 
Net assets$8,195 $17,670 $4,271 $12,804 $42,940 
As of December 31, 2023    
Long-lived assets, net of accumulated depreciation and amortization (b)
$49 $7,811 $33 $1,905 $9,798 
Net assets$9,634 $22,585 $5,084 $11,251 $48,554 
  
(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, intangible assets and goodwill, net of accumulated depreciation and amortization.