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HARTE HANKS INC

SIC 7331 · Services-Direct Mail Advertising Services

$HHS

HARTE HANKS INC

CIK:0000045919|SEC Filings

Condensed Consolidated Statements of Comprehensive Loss (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Income Statement [Abstract]
Revenue	$ 37,984	$ 38,631	$ 75,248	$ 80,192
Operating expenses
Labor	19,898	19,445	39,708	39,244
Production and distribution	12,482	12,400	23,821	26,457
Advertising, selling, general and administrative	8,785	5,538	14,426	11,382
Restructuring expenses	187	149	347	987
Depreciation and amortization expense	1,122	1,065	2,204	2,128
Total operating expenses	42,474	38,597	80,506	80,198
Operating income (loss)	(4,490)	34	(5,258)	(6)
Other expenses, net
Interest expense, net	90	61	159	114
Other expenses, net	303	386	464	900
Total other expenses, net	393	447	623	1,014
Loss before income taxes	(4,883)	(413)	(5,881)	(1,020)
Income tax provision (benefit)	120	(78)	(250)	(293)
Net loss	$ (5,003)	$ (335)	$ (5,631)	$ (727)
Loss per common share
Basic (in dollars per share)	$ (0.67)	$ (0.05)	$ (0.76)	$ (0.10)
Diluted (in dollars per share)	$ (0.67)	$ (0.05)	$ (0.76)	$ (0.10)
Weighted average shares used to compute loss per share
Basic (in shares)	7,431	7,382	7,423	7,371
Diluted (in shares)	7,431	7,382	7,423	7,371
Comprehensive loss, net of tax:
Net loss	$ (5,003)	$ (335)	$ (5,631)	$ (727)
Adjustment to pension liability, net	307	44	380	209
Foreign currency translation adjustment	(242)	73	(319)	109
Total other comprehensive income, net of tax	65	117	61	318
Comprehensive loss	$ (4,938)	$ (218)	$ (5,570)	$ (409)

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands

6 Months Ended

Jun. 30, 2026

Jun. 30, 2025

Cash Flows from Operating Activities

$ (5,631)

$ (727)

Adjustments to reconcile net loss to net cash used in operating activities:

Depreciation and amortization expense

2,204

2,128

Stock-based compensation

439

171

Net pension (payment) cost

(957)

(1,079)

Deferred income taxes

(58)

(51)

Changes in assets and liabilities:

Accounts receivable and contract assets

(512)

(769)

Prepaid expenses, income tax receivable and other current assets

1,007

(536)

Accounts payable and accrued expenses

757

(3,623)

Deferred revenue and customer advances

1,739

222

Customer postage and program deposits

(175)

(184)

Other accrued expenses and liabilities

(1,460)

(1,220)

Net cash used in operating activities

(2,647)

(5,668)

Cash Flows from Investing Activities

Purchases of property, plant and equipment

(306)

(328)

Net cash used in investing activities

(306)

(328)

Cash Flows from Financing Activities

3,000

0

Payment of finance leases

(82)

(79)

Recovery of short-swing profit from stockholders

0

838

Treasury stock activities

(45)

(49)

Net cash provided by financing activities

2,873

710

Effect of exchange rate changes on cash, cash equivalents and restricted cash

(319)

109

Net decrease in cash and cash equivalents and restricted cash

(399)

(5,177)

Cash and cash equivalents and restricted cash at beginning of period

5,587

9,934

Cash and cash equivalents and restricted cash at end of period

^[1]

5,188

4,757

Supplemental disclosures

Cash paid for interest

123

110

Cash received for interest

(2)

(28)

Cash paid for income taxes, net

1,050

1,186

Non-cash investing and financing activities

Purchases of property, plant and equipment included in accounts payable

625

647

Cash and cash equivalents and restricted cash

5,185

4,680

Restricted cash

3

77

Cash and cash equivalents and restricted cash

^[1]

$ 5,188

$ 4,757

[1]



(1) This amount is comprised of the below balances:

Cash and cash equivalents						$	5,185					4,680

Restricted cash						3						$	77

0						$	5,188					$	4,757

Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands

Jun. 30, 2026

Dec. 31, 2025

Current assets

Cash and cash equivalents and restricted cash

$ 5,188

^[1]

$ 5,587

Accounts receivable (less allowance for doubtful accounts of $169 and $22 at June 30, 2026 and December 31, 2025, respectively)

27,431

27,841

Unbilled accounts receivable

7,971

7,049

Prepaid expenses

1,537

2,363

Prepaid income taxes and income tax receivable

1,431

1,431

Other current assets

1,798

2,046

Total current assets

45,356

46,317

Property, plant and equipment, net

6,866

8,386

Operating and Financing lease right-of-use assets

18,597

19,854

Other assets

Intangible assets, net

273

370

295

295

Deferred tax assets, net

15,982

16,040

Other long-term assets

690

564

Total other assets

17,240

17,269

88,059

91,826

Current liabilities

Accounts payable

13,238

13,096

Accrued expenses

6,561

5,915

Accrued payroll and related expenses

3,165

2,749

Short-term debt

3,000

0

Deferred revenue and customer advances

2,552

813

Customer postage and program deposits

693

868

Other current liabilities

1,659

3,180

Current portion of lease liabilities

4,003

3,543

Total current liabilities

34,871

30,164

Long-term lease liabilities, net of current portion

17,035

18,861

Other long-term liabilities

888

1,174

Total liabilities

72,709

71,300

Stockholders’ equity

Common stock, $1 par value, 25,000,000 shares authorized; 12,221,484 shares issued, 7,454,240 and 7,414,794 shares outstanding at June 30, 2026 and December 31, 2025, respectively

12,221

12,221

Additional paid-in capital

99,393

109,558

Retained earnings

808,181

813,812

Less treasury stock, 4,767,244 shares at cost at June 30, 2026 and 4,806,690 shares at cost at December 31, 2025

(889,526)

(900,085)

Accumulated other comprehensive loss

(14,919)

(14,980)

Total stockholders’ equity

15,350

20,526

Total liabilities and stockholders’ equity

88,059

91,826

Current liabilities

Pension liabilities

3,390

4,106

Nonqualified Plan

Current liabilities

Pension liabilities

$ 16,525

$ 16,995

[1]



(1) This amount is comprised of the below balances:

Cash and cash equivalents						$	5,185					4,680

Restricted cash						3						$	77

0						$	5,188					$	4,757