Hudson Acquisition I Corp Reports Net Loss of $34.5 Million for 2022
Annual Revenue of $0.95 Million
By USInMinutes
Published - Oct 07, 2023, 02:36 PM ET
Last Updated - Oct 07, 2023, 02:36 PM EDT
Hudson Acquisition I Corp. [HUDAR] a leading financial services company, has announced its financial results for the year ended December 31, 2022. The company reported a net loss of $34.5 million for the year. Despite the challenging economic environment, Hudson Acquisition I Corp recorded annual revenue of $0.95 million.
Financial Performance
The company's operating expenses for the year stood at $358.8 million, compared to $3 million in the previous year. This increase in expenses can be attributed to general and administrative costs as well as franchise tax expenses. The loss from operations was $424.6 million, which was higher than the previous year's loss of $20.8 million.
