M&A - HACKETT GROUP, INC.

Form Type: 10-Q

Filing Date: 2025-05-07

Corporate Action: Acquisition

Type: Update

Accession Number: 000095017025065870

Filing Summary: The Hackett Group, Inc. filed its quarterly report for the period ending March 28, 2025, highlighting several key financial positions and organizational developments. The total revenue for the quarter was $77.9 million, showing marginal growth over $77.2 million from the same quarter the previous year. Total current assets were approximately $75 million with a decrease in cash from $16.4 million to $9.2 million due to increased financing activities, including stock repurchase. Current liabilities decreased slightly as well, showing healthy cash management. The company reported a net income of $3.1 million for the quarter. Additionally, the report discloses that the company completed the acquisition of LeewayHertz Technologies Private Limited for $7.8 million, which will bolster its AI technology offerings.