Indianapolis-based Hurco Companies (NASDAQ:HURC), a global provider of computerized machine tools and software, reported financial results for its fiscal year ended October 31, 2025.
The company narrowed its full-year net loss to $15.12 million, or $2.34 per diluted share, from a net loss of $16.61 million in fiscal 2024.
Fourth-quarter net loss widened to $3.04 million from $1.44 million in the year-ago quarter.
Fiscal 2025 net sales totaled $178.55 million, a 4% decrease from the prior year.
Fourth-quarter sales fell 15% year-over-year to $45.47 million.
New orders for the full year declined 14% to $171.29 million, reflecting continued softness in global demand for machine tools.
Despite the top-line pressure, Hurco strengthened its balance sheet, ending the year with cash and cash equivalents of $48.71 million, an increase of approximately $15 million from the prior year-end.
Management attributed the results to persistent tariff headwinds, unfavorable shifts in product mix, and ongoing cost-reduction efforts, while noting positive developments late in the fiscal year.
Orders and sales also showed improvement in the U.S. and German markets during the fourth quarter, supported by recent leadership changes and operational initiatives designed to enhance competitiveness and customer responsiveness.