Why did HDSN's Q4 2024 earnings fall short of forecasts?

Hudson Technologies' (HDSN) Q4 2024 earnings fell short of forecasts due to a combination of factors: 1. **Revenue Decline**: The company's revenue decreased by 22.8% year-over-year to $34.64 million, missing the anticipated $37.96 million. This decline was primarily attributed to lower prices for certain refrigerants and reduced activity from its Defense Logistics Agency (DLA) contract. 2. **Earnings Per Share (EPS) Miss**: The EPS for Q4 2024 was -$0.06, which was $0.03 less than the forecasted -$0.03. This discrepancy was a result of the revenue shortfall and operational challenges faced during the quarter. 3. **Challenging Market Conditions**: The company encountered a seasonally slower sales activity, which is typical outside of its nine-month selling season. Additionally, the market pricing for certain HFC refrigerants declined by up to 45% year-over-year, significantly impacting revenue and profitability. In summary, Hudson Technologies' Q4 2024 earnings fell short of forecasts due to a combination of lower-than-expected revenue, reduced profitability in its core operations, and challenging market conditions.