Company: HCKT
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000950170-25-030037
Chunk: 26

Company: HACKETT GROUP, INC.
Filing Date: 2025-02-28
Form: 10-K
Item: Item 1B
Chunk 26
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 rather than a calendar year.

24

The following table sets forth, for the periods indicated, our results of operations (in thousands): 

    Year Ended

    December 27,

    December 29,

    2024

    2023

    Revenue:

    Revenue before reimbursements
     
    $
    307,028

    $
    291,273

    Reimbursements

    6,827

    5,317

    Total revenue

    313,855

    296,590

    Costs and operating expenses:

    Cost of service:

    Personnel costs before reimbursable expenses    (includes $10,491 and $6,238 of stock compensation    expense in 2024 and 2023, respectively)

    183,792

    174,891

    Reimbursable expenses

    6,827

    5,317

    Total cost of service

    190,619

    180,208

    Selling, general and administrative costs       (includes $9,033 and $4,486 of stock compensation      expense in 2024 and 2023, respectively)

    78,546

    65,942

    Legal settlement and related costs

    102

    1,178

    Total costs and operating expenses

    269,267

    247,328

    Operating income

    44,588

    49,262

    Other expense, net:

    Interest expense, net

    (1,594
    )

    (3,235
    )

    Income from operations before income tax expense

    42,994

    46,027

    Income tax expense

    13,364

    11,876

    Net income
     
    $
    29,630

    $
    34,151

Comparison of 2024 to 2023

Overview. For fiscal year 2024, total revenue increased to $313.9 million, as compared to $296.6 million in 2023, primarily driven by increased total revenue from our SAP Solutions segment of $10.2 million and our Oracle Solutions segment of $7.9 million, as compared to 2023. 

Revenue. We are a global company with operations primarily in the United States and Western Europe.  Our revenue is denominated in multiple currencies, primarily