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Hudson Technologies, Inc. (HDSN) is a public company based in Pearl River, New York, that specializes in the sale, repair, and service of refrigeration systems and equipment. The company's primary focus is on providing environmentally friendly solutions to the refrigeration industry, including the reclamation and recycling of refrigerants.
HDSN's stock is traded on the NASDAQ stock exchange and, as of February 2023, the company has a market capitalization of around $60 million. The stock price has had a volatile history, with significant fluctuations over the past several years.
In terms of earnings, Hudson Technologies has reported mixed results in recent years. The company has experienced periods of strong revenue growth, particularly in its refrigerant reclamation and recycling segment, but has also faced challenges related to the overall health of the refrigeration industry and the impact of COVID-19.
For the most recent quarter ended September 30, 2022, Hudson Technologies reported revenue of $24.4 million, down from $29.5 million in the same quarter of the previous year. The company reported a net loss of $0.7 million for the quarter, compared to a net income of $0.6 million in the same quarter of the previous year.
Despite these challenges, Hudson Technologies has continued to invest in the development of new products and services and has made significant progress in expanding its presence in the refrigeration industry. The company's focus on providing environmentally friendly solutions is expected to be a key driver of growth in the coming years as regulations related to refrigerants continue to evolve.
In conclusion, Hudson Technologies is a company with a strong focus on the refrigeration industry and a commitment to providing environmentally friendly solutions. While the company has faced challenges in recent years, it has a solid foundation for growth and remains well-positioned to capitalize on opportunities in the refrigeration market.