HURCNasdaq

HURCO COMPANIES INC

Industrial Instruments For Measurement, Display, and Control · IN · CIK 315374

Designs, manufactures, and sells computerized machine tools for the metal cutting industry

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$140M

Market cap

$22.89

Last close

+1.6%

+3.6%

29K

Volume

Price · last 39 sessions+36.5%

May 4L $16.47 · H $22.90Jun 29

364

Total filings

Jun 5, 2026

Last filing

10/31

Fiscal year end

All 8-K · 180 10-Q · 90 DEF 14A · 31 10-K · 30 SC 13G · 26 10-Q/A · 3 8-K/A · 3 SC 13D · 1

Insider Activity

In the 90 days to Dec 1, 2025: 1 insider bought $24K.

Date	Insider	Action	Shares	Price	Value
Dec 1, 2025	Sivanesan JanakiDirector	Buy	300	$16.00	$5K
Sep 3, 2025	Sivanesan JanakiDirector	Buy	600	$16.50	$10K
Sep 3, 2025	Sivanesan JanakiDirector	Buy	550	$16.50	$9K

Open-market buys & sells (Form 4, transaction codes P/S). Source: SEC structured insider data.

What Changed

Risk factors · Jan 10, 2025 → Jan 9, 2026

14 added · 1 removed between the two most recent 10-Ks. The risks a company starts — or stops — disclosing are often the story.

Newly disclosed

There can be no assurance that our consolidated EBITDA will be positive, or sufficiently positive, in future periods, and therefore we may be unable to borrow any amounts under the 2026 Credit Agreement. 27 Our ability to comply with the provisions under the 2026 Credit Agreement may be affected by events beyond our control and our inability to comply with any of these provisions could result in a default under the 2026 Credit Agreement.
Future tariff increases, expanding the tariffs to cover other countries or other changes in U.S. trade policy could exacerbate these challenges. In addition, in response to these tariffs, other countries have threatened, announced or implemented retaliatory tariffs on U.S. goods.
In addition, fluctuations in demand and other implications associated with a global health crisis, such as COVID-19, have resulted in, and could continue resulting in, certain supply chain constraints and challenges. Financial, Credit, and Liquidity Risks Our credit facility contains covenants that restrict our business and financing activities, and the property that secures our obligations under the credit facility may be subject to foreclosure in the event of a default.
If such a default occurs, the lender may elect to declare any borrowings outstanding, together with accrued interest and other fees, to be immediately due and payable, and it would have the right to terminate any commitments it has to provide further borrowings.
The U.S. government has also imposed tariffs on most foreign goods and has raised the possibility of imposing significant tariff increases or expanding the tariffs to capture other countries and types of goods.
The credit agreement we entered into with Bank of America, N.A., as the lender, in January 2026 (the “2026 Credit Agreement”) contains a number of customary restrictions and covenants, which, among other things and subject to certain expressly permitted transactions or parameters set forth therein, restrict our ability to acquire or merge with another entity, dispose of our assets, make investments, loans or guarantees, incur additional indebtedness, create liens or other encumbrances, or pay dividends or make other distributions beyond stated thresholds.
The 2026 Credit Agreement requires us to maintain compliance with a maximum consolidated leverage ratio of total debt to EBITDA, which also effectively prohibits us from borrowing any amounts under the 2026 Credit Agreement when our consolidated EBITDA for the most recently completed measurement period is negative.
As of the date we entered into the 2026 Credit Agreement, and as of the date of the filing of this report, the most recently completed measurement period was our fiscal year ended October 31, 2025, during which our consolidated EBITDA was negative, thereby effectively prohibiting us from currently borrowing under the 2026 Credit Agreement.
If we are unable to repay any outstanding borrowings when due, the lender under the 2026 Credit Agreement also has the right to proceed against the collateral, including a significant portion of our domestic personal property, granted to it to secure the indebtedness under the facility.
If any indebtedness under the 2026 Credit Agreement were to be accelerated, we cannot assure you that our personal property would be sufficient to repay in full that indebtedness.
Tariffs on imports from nations from whom we procure products or materials and components used in our manufacturing process have increased our operating costs and, in the future, could require us to incur significant costs to transition to alternative manufacturers or suppliers.
Political tensions and uncertainty as a result of trade policies and ongoing judicial challenges to such policies could reduce trade volume, investment, technological exchange, and other economic activities between major international economies, resulting in a material adverse effect on global economic conditions and the stability of global financial markets, which could in turn have a material adverse impact on our business, financial condition and results of operations. Our international operations pose additional risks that may adversely impact sales and earnings.

No longer disclosed

In addition, fluctuations in demand and other implications associated with a global health crisis, such as COVID-19, have resulted in, and could continue resulting in, certain supply chain constraints and challenges. Financial, Credit, and Liquidity Risks Due to future changes in technology, changes in market demand, or changes in market expectations, portions of our inventory may become obsolete or excessive.

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