A 41% jump in orders is the number that makes me stop scrolling. Hurco just posted it for fiscal Q2 2026 — and because orders lead sales by a quarter or two, this is a forward read on the business even while the company is still in the red.
| Metric | Value |
|---|---|
| Orders | +41% to $61.6M |
| Sales | +17% to $47.6M |
| Gross margin | 19% → 22% |
| Net loss | $2.37M (-$0.37/sh) |
| Prior-year loss | $4.06M (-$0.62/sh) |
| Cash | $50.06M |
| Debt | None |
| Equity | $192.42M |
Why it moved
Orders outran sales by a wide margin — $61.6M booked against $47.6M shipped. That gap is the recovery signal. A mix shift toward premium Hurco and Takumi machines plus pricing discipline pushed gross margin from 19% to 22%, and the net loss nearly halved year over year.
What it means for you
The demand pipe is refilling before the P&L turns, and $50.06M cash, zero debt, and $192.42M equity give Hurco room to wait for orders to convert into shipments. The risk: if next quarter's sales don't catch the order book, this stays a loss-maker.
Bottom line: I'm treating HURC as an early-cycle turnaround to accumulate on weakness, not chase — I want the order book to convert to a profit before sizing up.