EX-99.1 2 strr202509308kex991.htm EX-99.1 Document Exhibit 99.1 For Immediate Release Star Equity Holdings Reports 2025 Third Quarter Results OLD GREENWICH, CT - November 13, 2025 - Star Equity Holdings, Inc. (Nasdaq: STRR and STRRP) ("Star" or the "Company") formerly, Hudson Global, Inc. (Nasdaq: HSON and HSONP), a diversified holding company, announced today financial results for the third quarter ended September 30, 2025. 2025 Third Quarter Summary • Revenue of $48.0 million increased 30.1% from the third quarter of 2024. • Gross profit $20.6 million increased 10.9% from the third quarter of 2024. • Net loss was $1.8 million, or $0.54 per diluted share, compared to net loss of $0.8 million, or $0.28 per diluted share, for the third quarter of 2024. Adjusted net income per diluted share (non-GAAP measure)* was $0.02 compared to adjusted net loss per diluted share of $0.13 in the third quarter of 2024. Pro forma adjusted net income per diluted share was $0.19 compared to pro forma adjusted net loss per diluted share of $0.54 in the third quarter of 2024. • Adjusted EBITDA (non-GAAP measure)* increased to $1.3 million versus adjusted EBITDA of $0.8 million in the third…
Open exhibit ↗Current Report · Items 2.02, 9.01 · 8-K
Star Equity Holdings, Inc.
STRRNASDAQEQUITYCurrent
Results of Operations and Financial Condition
ITEM 2.02. RESULTS OF OPERATIONS AND FINANCIAL CONDITION. On November 13, 2025, Star Equity Holdings, Inc. (the "Company") issued a press release announcing its financial results for the three months ended September 30, 2025. A copy of such press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.…
Company context
Star Equity Holdings, Inc. is a diversified holding company that seeks to build long-term shareholder value by acquiring, managing, and growing businesses with strong fundamentals and market opportunities. Its current structure comprises four divisions: Building Solutions, Business Services, Energy Services, and Investments. For more information visit www.starequity.com. On August 22, 2025, the Company completed its previously announced acquisition of Star Operating Companies, Inc. (“Star Operating”, formerly known as Star Equity Holdings, Inc.), pursuant to the Agreement and Plan of Merger, dated as of May 21, 2025 (the “Merger Agreement”), by and among the Company, Star Operating and HSON Merger Sub, Inc., a wholly owned subsidiary of the Company (“Merger Sub”). Upon the terms and subject to the conditions of the Merger Agreement, on August 22, 2025, at the effective time of the merger pursuant to the Merger Agreement (the “Merger”), Merger Sub merged with and into Star Operating, with Star Operating continuing as the surviving corporation of the Merger as a wholly owned subsidiary of the Company. Effective September 5, 2025, the Company changed (i) its name to Star Equity Holdings, Inc. and (ii) its trading symbols on Nasdaq to STRR and STRRP.