Movers and SHAKERS
With Progress Comes Increased Confidence In Its Turnaround
Harte-Hanks is a marketing services company that provides multichannel marketing solutions as well as consulting, data analytics, and strategic assessment. The company's offerings focus on business-to-business, retail, finance, and automotive segments through digital, social, mobile, and print media offerings.
Michael Kupinski, Senior Research Analyst, DOR, Noble Capital Markets, Inc.
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- Good progress. The second quarter results were mixed, but reflected progress on the company's plan to right size its business, to position the company for profitability, and a return toward revenue and cash flow growth. While revenues were lighter than expected, the company overachieves on operating cash flow, with a significantly lower loss due to significant cost cutting.
- Management expresses confidence in improving outlook. Management indicated that it believes that the company is on track to have positive EBITDA in the fourth quarter 2019 and will be...
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