Dodge, Tony Stewart Racing Announce New Multi-year Partnership Extension in NHRA Mission Drag Racing Series
AUBURN HILLS, Mich., March 7, 2025 /PRNewswire/ -- Dodge//SRT and Tony Stewart Racing (TSR) today announced a new multi-year partnership extension for Top Fuel and Funny Car entries in the NHRA Mission Drag Racing Series Partnership extension announced during a press conference at the season-opening NHRA Gatornationals race in Gainesville, Florida Dodge//SRT launched its partnership with TSR in 2022 with nitro cars featuring Direct Connection colors Dodge//SRT TSR teams have recorded 16 NHRA national event victories (13 in Funny Car with Matt Hagan and three with Leah Pruett in Top Fuel), as well as one Funny Car World Championship Last year, Tony Stewart, a former series champion in NASCAR, IndyCar and USAC, made a dramatic move to Top Fuel, replacing Pruett in the Direct Connection Dodge//SRT dragster Pruett, third in 2023 NHRA Mission Top Fuel points, sat out the 2024 NHRA campaign to start a family with Stewart; son, Dominic, was born on November 18 Stewart, who also won the North Central Division Top Alcohol Dragster title last year, returns to drive the TSR Top Fueler in the NHRA Mission Drag Racing Series in 2025 Hagan, who won the 2023 NHRA Mission World Championship in the TSR Direct Connection Dodge//SRT Hellcat Funny Car, enters his 18th year piloting a Dodge//SRT car Hagan, the four-time NHRA World Funny Car champion, has recorded 52 NHRA national event wins in his legendary career, all at the wheel of Dodge//SRT and Mopar Funny Cars Dodge is introducing new Dodge Motorsports Livery Shootout this weekend, giving fans the chance to choose car graphics the TSR Dodge team will carry at NHRA U.S. Nationals this summer Follow Dodge in NHRA action at DodgeGarage.com Dodge//SRT and the Tony Stewart Racing (TSR) team announced today a new multi-year extension in its long-standing partnership to field entries in the two nitro-burning divisions – Top Fuel and Funny Car – in the National Hot Rod Association (NHRA) Mission Drag Racing Series.
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PRO Superstar Shootout Returns February 6-8 to Bradenton Motorsports Park Featuring Full-Time Top Fuel, Funny Car and Pro Stock Drag Racing Teams including Matt Hagan and the Dodge//SRT Hellcat American Rebel Light Funny Car
American Rebel CEO Andy Ross to Perform Closing Concert After Saturday Night Finals Nashville, TN, Jan. 16, 2025 (GLOBE NEWSWIRE) -- American Rebel Holdings, Inc. (NASDAQ: AREB) ("American Rebel" or the "Company"), creator of American Rebel Beer ( www.americanrebelbeer.com ) and a designer, manufacturer, and marketer of branded safes, personal security and self-defense products and apparel ( www.americanrebel.com ), is very excited to announce the second running of the SCAG Power Equipment PRO Superstar Shootout ( prosuperstarshootout.com ), once again featuring the full-time professional Top Fuel, Funny Car and Pro Stock drag racing teams including Matt Hagan and the Dodge//SRT Hellcat American Rebel Light Funny Car. A highlight of the event will be the closing concert headlined by American Rebel CEO Andy Ross and the American Rebel band and the introduction of American Rebel Light to the state of Florida.
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Ho, Ho, Horsepower: Dodge Brand Extends Production of HEMI®-powered Dodge Durango SRT Hellcat and Dodge Durango R/T Models
AUBURN HILLS, Mich., Dec. 19, 2024 /PRNewswire/ -- Dodge beats Santa to the punch with an early holiday gift, announces Dodge Durango SRT Hellcat, powered by the 710-horsepower supercharged 6.2-liter HEMI® Hellcat V-8 engine, and Durango R/T with the 5.7-liter HEMI will continue into 2025 calendar year Announcement caps 20th anniversary celebration of HEMI-powered Dodge Durango production Dodge recently introduced four special-edition models to celebrate two decades of the Durango-fueled HEMI: the Dodge Durango SRT Hellcat Brass Monkey, Dodge Durango SRT Hellcat Hammerhead, Dodge Durango SRT Hellcat Silver Bullet and Dodge Durango R/T 20th Anniversary edition 2025 model year HEMI-powered Durango models are currently available for ordering at dealerships Growing multi-energy Dodge lineup also includes all-new Dodge Charger Daytona launching with brand's first all-electric cars, gas-powered Dodge Charger SIXPACK options coming next year, and Dodge Hornet performance hybrid and gas-powered options More info on the full Dodge lineup available at Dodge.com Dodge is supercharging the holiday season and delivering a horsepower-packed gift down the chimney, announcing production of HEMI®-powered Dodge Durango models will continue into the 2025 calendar year.
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UniCredit set to free up capital with potential SRT deal, Bloomberg News reports
UniCredit is selling a significant risk transfer (SRT) linked to a 1.5 billion euro ($1.62 billion) credit portfolio to free up capital, Bloomberg News reported on Friday.
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Dodge Puts Pedal Down on 20th Anniversary Celebration of HEMI®-powered Dodge Durango, Announces New 2025 Dodge Durango SRT Hellcat Brass Monkey
AUBURN HILLS, Mich., Oct. 17, 2024 /PRNewswire/ -- Dodge keeps HEMI®-powered Dodge Durango anniversary party going, rolls out new 710-horsepower Dodge Durango SRT Hellcat Brass Monkey 2025 Dodge Durango SRT Hellcat Brass Monkey is fourth overall Durango special-edition vehicle, and third Durango SRT Hellcat special-edition vehicle, announced for 2025 model year Durango SRT Hellcat Brass Monkey follows three previous special-edition models: 2025 Dodge Durango SRT Hellcat Silver Bullet, 2025 Durango SRT Hellcat Hammerhead and 2025 Dodge Durango R/T 20th Anniversary Durango SRT Hellcat Brass Monkey exterior features include dark bronze 20-by-10-inch Brass Monkey wheels, Brass Monkey exterior badging, Red Oxide exterior color, Satin Black painted hood and more Sepia Laguna leather SRT seats, silver SRT Hellcat logo embroidered on seatbacks and leather and suede steering wheel featuring silver/sepia stitching are just a few of the unique interior appointments Durango SRT Hellcat Brass Monkey moves from 0 to 60 mph in 3.5 seconds, clocks the quarter-mile in an elapsed time of 11.5 seconds and hits a top speed of 180 mph thanks to supercharged 6.2-liter HEMI Hellcat V-8 engine under the hood All 2025 model-year Durango special-edition models are available now for ordering at dealerships Interactive Dodge Horsepower Locator tool at DodgeGarage.com allows customers to identify nearby dealers with Dodge Durango special-edition models in stock Dodge is keeping the brand's anniversary party going, marking two decades worth of HEMI®-powered Dodge Durango production with the announcement of a fourth 2025 special-edition Durango model, the new 710-horsepower Dodge Durango SRT Hellcat Brass Monkey.
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Nailed It: Dodge Reveals 2025 Dodge Durango SRT Hellcat Hammerhead Special-edition Model
AUBURN HILLS, Mich., Sept. 9, 2024 /PRNewswire/ -- Dodge continues to celebrate two decades of HEMI®-powered Dodge Durango vehicles with new 2025 Dodge Durango SRT Hellcat Hammerhead special-edition model Durango SRT Hellcat Hammerhead follows first two limited-production, special-edition Durango models: 2025 Dodge Durango SRT Hellcat Silver Bullet and Dodge Durango R/T 20th Anniversary Durango SRT Hellcat Hammerhead, the second special-edition model of the Durango SRT Hellcat, takes its name from distinctive Hammerhead Grey leather interior Hammerhead Grey interior is balanced by deep, dark blue Night Moves exterior color Unique content highlights of the Durango SRT Hellcat Hammerhead include Hammerhead Grey Laguna leather seats, sepia SRT Hellcat logo embroidered on seatbacks, Satin Black painted hood, Satin Carbon 20-inch wheels and more Durango SRT Hellcat Hammerhead, fueled by the supercharged 6.2-liter HEMI Hellcat V-8 engine, reaches 0 to 60 mph in 3.5 seconds and covers the quarter-mile in an elapsed time of 11.5 seconds Premium standard content includes 10.1-inch touchscreen with navigation, wireless Apple CarPlay and Android Auto, wireless charging, 19-speaker Harman Kardon system, sunroof and more Interactive Dodge Horsepower Locator tool at DodgeGarage.com will enable customers to identify nearby dealers with Dodge Durango special-edition models in stock 710-horsepower Durango SRT Hellcat special-edition models qualify for $10 per horsepower cash allowance under the Dodge Power Dollars program All three 2025 model-year Durango special-edition models are available now for ordering at dealerships The Dodge brand continues to fuel horsepower-hungry HEMI® lovers with the introduction of a new special-edition model of the most powerful SUV ever: the 710-horsepower 2025 Dodge Durango SRT Hellcat Hammerhead.
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Dodge Celebrates 20th Anniversary of HEMI®-powered Dodge Durango, Announces New Dodge Durango SRT Hellcat and Durango R/T Special-edition Models
AUBURN HILLS, Mich., Aug. 19, 2024 /PRNewswire/ -- Dodge brand marks 20th anniversary of Dodge Durango HEMI® power with two limited-production, special-edition models: 2025 Dodge Durango SRT Hellcat Silver Bullet and Dodge Durango R/T 20th Anniversary 2025 Dodge Durango SRT Silver Bullet content includes Triple Nickel exterior paint, Satin Black painted hood, grey metallic SRT Hellcat badging, Lights Out finished 20-inch wheels, Ebony Red Nappa leather SRT seats and more 2025 Dodge Durango R/T 20th Anniversary model honors two decades of the 5.7L HEMI V-8 engine in the Durango Durango R/T 20th Anniversary arrives equipped with unique HEMI hood graphic"345" fender badging, lightweight Brass Monkey finished 20-inch wheels, "345" embroidered Alcantara performance seats, Tow N Go package and more Interactive Dodge Horsepower Locator tool at DodgeGarage.com will enable customers to identify nearby dealers with Dodge Durango special-edition models in stock 2025 model-year Durango special-edition models are available now for ordering at dealerships Dodge brand is honoring two decades of HEMI®-powered Dodge Durango production with the announcement of two special-edition vehicles: the 2025 Dodge Durango SRT Hellcat Silver Bullet and Dodge Durango R/T 20th Anniversary models.
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American Rebel Beer is Primary Sponsor of Matt Hagan's Dodge SRT Hellcat Funny Car at Lucas Oil NHRA Nationals
Brainerd, MN, Aug. 16, 2024 (GLOBE NEWSWIRE) -- American Rebel Holdings, Inc. (NASDAQ: AREB) ("American Rebel" or the "Company"), a designer, manufacturer, and marketer of American Rebel Beer (www.americanrebelbeer.com) and branded safes, personal security and self-defense products and apparel, is proud to be the primary sponsor of Matt Hagan's Dodge SRT Hellcat Funny Car at this weekend's Lucas Oil NHRA Nationals. Hagan previously won at Brainerd in 2021, and he also has four number 1 qualifiers at Brainerd, which came in 2011, 2016, 2019 and 2022.
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Dodge//SRT Expands Dodge Power Dollars, Rewards Enthusiasts Who Crave More Power
AUBURN HILLS, Mich. , Aug. 6, 2024 /PRNewswire/ -- Industry-exclusive program gives customers $10 per horsepower cash allowance toward the purchase of 2023 model-year Dodge Charger SXT, GT and R/T models, 2023 Challenger SXT, GT and R/T models Dodge Power Dollars available on all 2024 Dodge Durango trims, including SRT 392 and SRT Hellcat models For the first time ever, the 2024 Dodge Hornet is eligible for Dodge Power Dollars Dodge Power Dollars starts Aug. 6, 2024 For more information on Dodge brand, visit Dodge.com Dodge//SRT is making performance even more attainable, expanding its popular Dodge Power Dollars national sales promotion from Charger and Challenger models to now include Durango SRT 392 and Durango SRT Hellcat models and, for the first time ever, the Dodge Hornet.
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Startek Announces Completion of Take-Private Acquisition by Funds Managed by CSP Management Limited
DENVER , Jan. 5, 2024 /PRNewswire/ -- Startek, Inc. (NYSE: SRT) ("Startek" or the "Company"), a global customer experience (CX) solutions provider, today announced the successful completion of its take-private acquisition by funds managed by Capital Square Partners ("CSP"), effective today, January 5, 2024. Under the terms of the definitive agreement for the transaction that was previously announced on October 10, 2023, CSP will acquire all shares of Startek common stock not already owned by CSP, for $4.30 per share in cash.
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Best Value Stocks to Buy for December 29th
MOD,SRT and NSIT made it to the Zacks Rank #1 (Strong Buy) value stocks list on December 29, 2023.
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StarTek (SRT) Shows Fast-paced Momentum But Is Still a Bargain Stock
StarTek (SRT) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.
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SRT vs. EXLS: Which Stock Is the Better Value Option?
Investors interested in stocks from the Outsourcing sector have probably already heard of StarTek (SRT) and ExlService Holdings (EXLS). But which of these two stocks is more attractive to value investors?
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New Strong Buy Stocks for December 21st
FLR, SRT, JHX, FPAY and BRSP have been added to the Zacks Rank #1 (Strong Buy) List on December 21, 2023.
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Best Value Stocks to Buy for December 21st
SRT, PHI and FLR made it to the Zacks Rank #1 (Strong Buy) value stocks list on December 21, 2023.
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SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces an Investigation into Startek, Inc.
NEW YORK , Dec. 19, 2023 /PRNewswire/ -- The following statement is being issued by Levi & Korsinsky, LLP: To: All Persons or Entities who hold stock of Startek, Inc. ("SRT" or the "Company") (NYSE: SRT). You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of SRT to funds managed by Capital Square Partners ("CSP") in an all-cash transaction with a total enterprise value of approximately $217 million and total equity value of approximately $174 million.
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STARTEK INVESTIGATION NOTICE: Kaskela Law LLC Announces Investigation of Startek, Inc. (SRT) and Encourages Investors to Contact the Firm
PHILADELPHIA , Dec. 18, 2023 /PRNewswire/ -- Kaskela Law LLC announces that it is investigating potential legal claims against Startek, Inc. (NYSE: SRT) on behalf of the company's shareholders. On October 10, 2023, Startek announced that it would be acquired by Capital Square Partners ("CSP") at a price of $4.30 per share in cash, which is below the company's 52-week high share price.
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Startek Honored with Comparably Awards for Best Company for Women and Best Company for Diversity
DENVER , Dec. 14, 2023 /PRNewswire/ -- Startek® (NYSE: SRT), a global customer experience (CX) solutions provider, is proud to announce its recent recognition with two prestigious Comparably Awards: Best Company for Women and Best Company for Diversity. Comparably, a leading workplace culture and compensation monitoring site, collects and analyzes employee feedback to determine the recipients of its awards.
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Startek Honored as one of India's Best Workplaces in IT & IT-BPM 2023 by Great Place To Work India
DENVER , Dec. 13, 2023 /PRNewswire/ -- Startek® (NYSE: SRT), a global customer experience (CX) solutions provider, has been recognized by Great Place To Work® India as one of India's Best Workplaces™ in IT & IT-BPM for the year 2023. The prestigious accolade is a testament to the Startek commitment to fostering a positive and inclusive work environment for its associates.
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Leading Energy Distributor Jemena Partners with Startek to Reimagine Customer Experience
Digital transformation delivers 34% call deflection for Jemena DENVER , Dec. 12, 2023 /PRNewswire/ -- Startek® (NYSE: SRT), a global customer experience (CX) solutions provider, and Jemena, a leading Australian energy distributor, today announced the impact of their partnership designed to modernize customer experience delivery for Jemena Customers. This strategic collaboration reflects the Startek commitment to effectively combine people, technology and data to deliver customer experience excellence for leading brands.
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STARTEK SHAREHOLDER ALERT: Kaskela Law LLC Announces Investigation of Startek, Inc. Buyout and Encourages Investors to Contact the Firm – SRT
PHILADELPHIA--(BUSINESS WIRE)--Kaskela Law LLC announces that it is investigating the recently announced buyout of Startek, Inc. (NYSE: SRT) on behalf of the company's shareholders. On October 10, 2023, Startek announced that it would be acquired by Capital Square Partners (“CSP”) at a price of $4.30 per share in cash, which is below the company's 52-week high share price. Following the closing of the proposed transactions, Startek's shareholders will be cashed out of their investment position,.
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Startek Secures Another Prestigious Great Place to Work Certification™ in the Philippines for 2023
MANILA, Philippines , Dec. 7, 2023 /PRNewswire/ -- Startek® (NYSE: SRT), a global customer experience (CX) solutions provider, is honored to announce its latest achievement, being a Great Place To Work® Certified™ company in the Philippines based on a remarkable 79% overall associate satisfaction rate. This prestigious certification reflects our ongoing commitment to providing an exceptional work environment where associates feel valued, empowered and motivated to excel.
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SRT or EXLS: Which Is the Better Value Stock Right Now?
Investors interested in stocks from the Outsourcing sector have probably already heard of StarTek (SRT) and ExlService Holdings (EXLS). But which of these two stocks is more attractive to value investors?
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Startek Named 2023 Winner in the BIG Award for Business
DENVER , Nov. 22, 2023 /PRNewswire/ -- Startek® (NYSE: SRT), a global customer experience (CX) solutions provider announced today that Startek Agent AI has been named New Product of the Year in the Business Intelligence Group BIG Award for Business . Startek Agent AI integrates three advanced AI solutions to boost both employee (EX) and customer experience (CX).
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Shareholder Alert: Ademi LLP investigates whether Startek, Inc. has obtained a Fair Price in its transaction with Capital Square Partners
MILWAUKEE , Nov. 13, 2023 /PRNewswire/ -- Ademi LLP is investigating Startek (NYSE: SRT) for possible breaches of fiduciary duty and other violations of law in its transaction with Capital Square Partners. Click here to learn how to join the https://www.ademilaw.com/case/startek-inc or call Guri Ademi toll-free at 866-264-3995.
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Kaskela Law LLC Announces Stockholder Investigation of Startek, Inc. and Encourages Investors to Contact the Firm - SRT
PHILADELPHIA , Nov. 10, 2023 /PRNewswire/ -- Shareholder protection law firm Kaskela Law LLC announces that it is investigating Startek, Inc. (NYSE: SRT) on behalf of the company's investors. On October 10, 2023, Startek announced that it would be acquired by Capital Square Partners ("CSP") at a price of $4.30 per share in cash, which is below the company's 52-week high share price.
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SHAREHOLDER ACTION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Startek, Inc. and Encourages Investors with Losses to Contact the Firm
LOS ANGELES, CA / ACCESSWIRE / November 3, 2023 /The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in Startek, Inc. ("Startek" or "the Company") (NYSE:SRT) for potential breaches of fiduciary duty on the part of its directors and management. The investigation focuses on determining if the Startek board breached its fiduciary duties to shareholders.
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SRT ALERT: Levi & Korsinsky, LLP Announces an Investigation into Startek, Inc.
NEW YORK , Nov. 3, 2023 /PRNewswire/ -- The following statement is being issued by Levi & Korsinsky, LLP: To: All Persons or Entities who hold stock of Startek, Inc. ("SRT" or the "Company") (NYSE: SRT). You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of SRT to funds managed by Capital Square Partners ("CSP") in an all-cash transaction with a total enterprise value of approximately $217 million and total equity value of approximately $174 million.
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INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Startek, Inc. and Encourages Investors with Losses to Contact the Firm
LOS ANGELES, CA / ACCESSWIRE / November 2, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in Startek, Inc. ("Startek" or "the Company") (NYSE:SRT) for potential breaches of fiduciary duty on the part of its directors and management. The investigation focuses on determining if the Startek board breached its fiduciary duties to shareholders.
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INVESTOR ACTION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Startek, Inc. and Encourages Investors with Losses to Contact the Firm
LOS ANGELES, CA / ACCESSWIRE / October 27, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in Startek, Inc. ("Startek" or "the Company") (NYSE:SRT) for potential breaches of fiduciary duty on the part of its directors and management. The investigation focuses on determining if the Startek board breached its fiduciary duties to shareholders.
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INVESTIGATION ACTION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Startek, Inc. and Encourages Investors with Losses to Contact the Firm
LOS ANGELES, CA / ACCESSWIRE / October 22, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in Startek, Inc. ("Startek" or "the Company") (NYSE:SRT) for potential breaches of fiduciary duty on the part of its directors and management. The investigation focuses on determining if the Startek board breached its fiduciary duties to shareholders.
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SHAREHOLDER NEWS: Johnson Fistel Investigates Proposed Sale of Startek to Capital Square Partners
SAN DIEGO--(BUSINESS WIRE)--Shareholder rights law firm Johnson Fistel, LLP has launched an investigation into whether the board members of Startek, Inc. ("Startek" or "the Company") (NYSE: SRT) breached their fiduciary duties in connection with the proposed sale of the Company to Capital Square Partners ("CSP"). You can click or copy and paste the following link to join this investigation: https://www.johnsonfistel.com/investigations/startek On October 10, 2023, Startek announced that it had e.
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INVESTOR ACTION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Startek, Inc. and Encourages Investors with Losses In Excess of $100,000 to Contact the Firm
LOS ANGELES, CA / ACCESSWIRE / October 19, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in Startek, Inc. ("Startek" or "the Company") (NYSE:SRT) for potential breaches of fiduciary duty on the part of its directors and management. The investigation focuses on determining if the Startek board breached its fiduciary duties to shareholders.
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Startek Secures Impressive Position in Everest Group's Customer Experience Management (CXM) Services PEAK Matrix® Assessment 2023 - APAC Region
DENVER , Oct. 17, 2023 /PRNewswire/ -- Startek® (NYSE: SRT), a global customer experience (CX) solutions provider, announced today it has been recognized as a Major Contender by leading global analyst firm Everest Group in the Customer Experience Management (CXM) in the Asia Pacific (APAC) – PEAK Matrix® Assessment 2023. This achievement underscores the company's steadfast dedication to delivering exceptional customer experiences and solidifies its role as a trusted partner in the CX industry.
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SHAREHOLDER ACTION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Startek, Inc. and Encourages Investors with Losses In Excess of $100,000 to Contact the Firm
LOS ANGELES, CA / ACCESSWIRE / October 16, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in Startek, Inc. ("Startek" or "the Company") (NYSE:SRT) for potential breaches of fiduciary duty on the part of its directors and management. The investigation focuses on determining if the eBay board breached its fiduciary duties to shareholders.
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SRT SPECIAL ALERT: Startek Shareholders Interested in Pursuing Potential Claims Should Contact Julie & Holleman Regarding CSP Buyout
NEW YORK , Oct. 11, 2023 /PRNewswire/ -- Shareholder rights law firm Julie & Holleman LLP is investigating the proposed $174 million buyout of Startek, Inc. (NYSE: SRT) by its majority shareholder, Capital Square Partners (CSP). Julie & Holleman is concerned about the $4.30 per share price being offered as well as potential conflicts of interest.
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Startek Announces Agreement to be Acquired by Funds Managed by CSP Management Limited for $4.30 Per Share in Cash
DENVER , Oct. 10, 2023 /PRNewswire/ -- Startek, Inc. (NYSE: SRT) ("Startek" or the "Company"), a global customer experience (CX) solutions provider, today announced that it has entered into a definitive agreement to be acquired by funds managed by Capital Square Partners ("CSP") in an all-cash transaction with a total enterprise value of approximately $217 million and total equity value of approximately $174 million. Under the terms of the agreement, CSP will acquire all shares of Startek common stock not already owned by CSP for $4.30 per share in cash.
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Startek Shines at the Stevie Awards, Receiving Multiple Honors for Exceptional Employment Practices
DENVER , Oct. 3, 2023 /PRNewswire/ -- Startek® (NYSE: SRT), a global customer experience (CX) solutions provider, is proud to announce its recent accomplishments at the prestigious Stevie® Awards for Great Employers. Startek has been honored with the Silver Stevie® Award in the 'Best Leadership Development Program' and 'Achievement in Diversity and Inclusion' categories and the Bronze Stevie® Award in the 'Achievement in Managing a Remote Workforce' category.
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Startek® India Garners Multiple Accolades for Leadership and Inclusion
MUMBAI, India--(BUSINESS WIRE)-- #AgentExperience--Startek® (NYSE: SRT), a global customer experience (CX) solutions provider, proudly unveils a series of accolades that underscore the organization's resolute commitment to cultivating a diverse, inclusive and empowering corporate ecosystem. As a global business with more than 19,700 associates based in India, Startek is committed to creating opportunity for its people. This mission is reflected in the many awards bestowed on the organization. Startek India has ac.
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Startek Forms Special Committee in Response to Preliminary Non-Binding Acquisition Proposal by CSP Management Limited
DENVER--(BUSINESS WIRE)--The board of directors of Startek, Inc. (NYSE: SRT) has formed a special committee of independent directors that is authorized to evaluate the non-binding proposal, dated July 18, 2023, by CSP Management Limited to acquire all the shares of Startek that it does not already own for $3.80 in cash per share. CSP is currently the beneficial owner of approximately 56% of the outstanding shares of Startek. CSP states in its non-binding proposal that it is not contemplating se.
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Startek Triumphs at the 2023 International Business Awards®: Secures Gold Stevie® for Startek Agent AI
DENVER--(BUSINESS WIRE)-- #AgentExperience--Startek® (NYSE: SRT), a global customer experience (CX) solutions provider, proudly announces its success at this year's International Business Awards®. The prestigious Gold Stevie® Award was awarded to Startek for its exceptional contribution in Work Management Platform category. This achievement highlights the organization's commitment to leveraging the latest technology to drive innovation and excellence in customer service. Startek Agent AI is a modular platform int.
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StarTek (SRT) Lags Q2 Earnings Estimates
StarTek (SRT) came out with quarterly earnings of $0.04 per share, missing the Zacks Consensus Estimate of $0.07 per share. This compares to earnings of $0.13 per share a year ago.
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Startek Reports Second Quarter 2023 Financial Results
DENVER--(BUSINESS WIRE)--Startek, Inc. (NYSE:SRT) ("Startek" or the "Company"), a global customer experience (CX) solutions provider, is reporting financial results for the second quarter ended June 30, 2023. As a result of current and planned divestitures, the Company has classified Middle East and Argentina operations as 'Held for Sale and Discontinued Operations'. Accordingly net revenue, gross profit, gross margin, SG&A expenses and adjusted EBITDA are reported for the continuing operat.
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Startek Sets Second Quarter 2023 Conference Call for Thursday, August 10, 2023 at 5:00 p.m. ET
DENVER--(BUSINESS WIRE)--Startek, Inc. (NYSE: SRT) ("Startek" or the "Company"), a global customer experience (CX) solutions provider, will hold a conference call on Thursday, August 10, 2023 at 5:00 p.m. ET to discuss its financial results for the second quarter ended June 30, 2023. The Company will report its results in a press release prior to the conference call. Startek management will host the call, followed by a question-and-answer period. Date: Thursday, August 10, 2023 Time: 5:00 p.m.
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Startek Wins 3 Comparably Awards: Best CEOs for Women, Best CEOs for Diversity and Best Career Growth
DENVER--(BUSINESS WIRE)-- #AgentExperience--Startek® (NYSE: SRT), a global customer experience (CX) solutions provider, proudly announces its recognition with three prestigious Comparably Awards for Best CEOs for Women, Best CEOs for Diversity and Best Career Growth. Startek Global CEO, Bharat Rao, has been honored for the second consecutive year, recognizing his unwavering commitment to diversity and inclusion practices within the company. These accolades underscore the ongoing Startek dedication to creating an.
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Startek Wins the 2023 People's Choice Stevie® Award in 2023 American Business Awards®
DENVER--(BUSINESS WIRE)-- #AgentExperience--Startek® (NYSE: SRT), a global customer experience (CX) solutions provider, was named a winner of a People's Choice Stevie® Award for Favorite New Products in the 21st Annual American Business Awards® today. Startek Agent AI was recognized in the Learning/Workforce Development Solution category. The People's Choice Stevie Awards for Favorite New Products are a feature of The American Business Awards in which the general public can vote for their favorite new products an.
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StarTek (SRT) Lags Q1 Earnings Estimates
StarTek (SRT) came out with quarterly earnings of $0.06 per share, missing the Zacks Consensus Estimate of $0.07 per share. This compares to loss of $0.03 per share a year ago.
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Startek Reports First Quarter 2023 Financial Results
DENVER--(BUSINESS WIRE)--Startek, Inc. (NYSE:SRT) ("Startek" or the "Company"), a global customer experience (CX) solutions provider, is reporting financial results for the first quarter ended March 31, 2023. As a result of current and planned divestitures, the Company has classified Middle East and Argentina operations as 'Held for Sale and Discontinued Operations'. Accordingly net revenue, gross profit, gross margin, SG&A expenses and adjusted EBITDA are reported for the continuing operations and net income, EPS, adjusted net income/(loss) and adjusted EPS are reported after consolidating continuing and discontinued operations.
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Startek Sets First Quarter 2023 Conference Call for Thursday, May 11, 2023 at 5:00 p.m. ET
DENVER--(BUSINESS WIRE)--Startek, Inc. (NYSE: SRT) ("Startek" or the "Company"), a global customer experience (CX) solutions provider, will hold a conference call on Thursday, May 11, 2023 at 5:00 p.m. ET to discuss its financial results for the first quarter ended March 31, 2023. The company will report its results in a press release prior to the conference call. Startek management will host the call, followed by a question-and-answer period. Date: Thursday, May 11, 2023 Time: 5:00 p.m. ET Toll-free dial-in number: 1-844-826-3035 International dial-in number: 1-412-317-5195 Conference ID: 10178216 Please call the conference telephone number 10-15 minutes prior to the start time. An operator will register your name and organization. If you have any difficulty connecting with the conference call, please contact Gateway Group at 1-949-574-3860. The conference call will be broadcast live and available for replay here. In addition, a supplemental presentation will be available to download on the day of the call within the investor section of the Company’s website at www.startek.com. A telephonic replay of the conference call will also be available after 8 p.m. ET on the same day through May 18, 2023. Toll-free replay number: 1-844-512-2921 International replay number: 1-412-317-6671 Replay ID: 10178216 About Startek® For more than 35 years, Startek has delivered customer experience (CX) excellence for the world’s leading brands. Spread across 12 countries, our 38,000 associates create memorable, personalized experiences in both voice and non-voice channels. Our clients span from fortune 500s to fast-growing startups in a diverse range of industries including cable, media and telecom; travel and hospitality; retail and e-commerce and banking and financial services. By creating closer connections, Startek delivers value for our clients, opportunity for our people and sustainable growth for our shareholders. To learn more visit www.startek.com and follow us on LinkedIn @Startek.
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Startek Wins Silver Stevie® Award in the 2023 American Business Awards®
DENVER--(BUSINESS WIRE)-- #AgentExperience--Startek® (NYSE: SRT), a global customer experience (CX) solutions provider, has been honored with a Silver Stevie® Award in the 21st Annual American Business Awards®. The Startek Agent AI solution was recognized in the Corporate Learning/Workforce Development Solution category. Startek Agent AI is a modular platform designed to deliver measurable benefits for both agents and customers. Made up of three connected solutions, Startek AI Coach, Startek Gamification and Star.
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Startek Authorizes $20 Million Share Repurchase Program and Revises Repayment Schedule of Senior Debt Facilities
DENVER--(BUSINESS WIRE)--Startek, Inc. (NYSE: SRT) ("Startek" or the "Company"), a global customer experience (CX) solutions provider, has announced a revised repayment schedule of its senior debt facility, along with further paying down its revolving credit facility. In addition, the Company’s board of directors has announced a new share repurchase authorization of $20 million, which it intends to begin utilizing at the earliest date possible. Utilizing the $55 million in proceeds generated from the divestiture of its interest in Contact Center Company (CCC), the Company allocated $7 million towards the prepayment of its revolving credit facility and $48 million towards prepayments on its senior term loan, significantly lowering the outstanding repayment amounts through February 2026. With this, the Company does not have any repayment obligations until May 2024. Further details on the amendments to the repayment schedule can be found on the 8-K filed with the Securities and Exchange Commission (SEC) on April 21, 2023. “Over the last several months, Startek made two strategic divestitures that generated a significant amount of cash flow for the Company,” said Bharat Rao, Global CEO of Startek. “Utilizing the proceeds from these events, we have been able to substantially de-lever our balance sheet with approximately 60% of debt repaid during the first four months of 2023. This is particularly favorable in the current interest rate environment as it significantly lowers our interest cost burden and improves the overall health of our balance sheet. The prepayments to the repayment schedule, along with the paying down of our revolving credit line, also provide us with further liquidity over the long-term.” Upon further review of the Company’s capital allocation strategy amidst these de-leverage initiatives, Startek’s board of directors has authorized a new $20 million share repurchase program. Startek may repurchase shares from time to time through open market purchases, in privately negotiated transactions, or by other means, including through the use of trading plans intended to qualify under Rule 10b5-1 under the Securities Exchange Act of 1934, as amended, in accordance with applicable securities laws and other restrictions. The timing and total amount of stock repurchases will depend upon business, economic and market conditions, corporate and regulatory requirements, prevailing stock prices, and other considerations. Rao continued, “As we’ve made meaningful improvements to our balance sheet, our board has been evaluating our capital allocation priorities. While we continue to expect to make accelerated investments in sales, digital and IT upgrades, we also believe that Company shares represent an attractive investment opportunity at the prevailing share price. We will therefore expect to begin utilizing the repurchase program as soon as possible. We look forward to executing against our strategic roadmap with a new brand identity and the strongest balance sheet we’ve seen in five years, which we believe can return Startek to growth and deliver long-term shareholder value.” About Startek® For more than 35 years, Startek has delivered customer experience (CX) excellence for the world’s leading brands. Spread across 12 countries, our 38,000 associates create memorable, personalized experiences in both voice and non-voice channels. Our clients span from fortune 500s to fast-growing startups in a diverse range of industries including cable, media and telecom; travel and hospitality; retail and e-commerce and banking and financial services. By creating closer connections, Startek delivers value for our clients, opportunity for our people and sustainable growth for our shareholders. To learn more visit www.startek.com and follow us on LinkedIn @Startek. Forward-Looking Statements The matters regarding the future discussed in this news release include forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are intended to be identified in this document by the words “anticipate,” “believe,” “estimate,” “expect,” “intend,” “may,” “objective,” “outlook,” “plan,” “project,” “possible,” “potential,” “should” and similar expressions. As described below, such statements are subject to a number of risks and uncertainties that could cause Startek's actual results to differ materially from those expressed or implied by any such forward-looking statements. Readers are encouraged to review risk factors and all other disclosures appearing in the Company's Form 10-K for the fiscal year ended December 31, 2022, as well as other filings with the SEC, for further information on risks and uncertainties that could affect Startek's business, financial condition and results of operation. Copies of these filings are available from the SEC, the Company’s website or the Company’s investor relations department. Startek assumes no obligation to update or revise any forward-looking statements as a result of new information, future events or otherwise. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date herein.
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Startek Unveils New Brand Identity Built on the Power of Connection
DENVER--(BUSINESS WIRE)--Startek® (NYSE: SRT), a global customer experience (CX) solutions provider, today announced the launch of a new visual identity to better reflect the company's commitment to combining the latest technology and data-driven insights with its associates' expertise to deliver memorable and personalized experiences for customers. "I am excited to start a bold new chapter in the Startek story built around a strong set of values that inspire and drive us,” said Bharat Rao, Global CEO, Startek. “Our new visual identity reflects our company's mission, vision and values and embodies our commitment to innovation and CX excellence. Launching our new visual identity completes the merger of Aegis into the Startek brand, creating a single unified identity across the globe.” Since the merger of the Startek and Aegis brands in 2018, Startek has considerably strengthened its position as a global player and was recognized in 2022 as one of an elite group of providers with the capabilities necessary to effectively support global CX delivery. The newly unveiled Startek visual identity and vision statement reflects the company's focus on bringing brands closer to their customers through personalized experiences and showcases the Startek commitment to combining people, technology and data to deliver customer experience excellence for leading brands. "We're thrilled to launch our new look and feel. Startek and the clients we serve have developed since we started out almost 40 years ago and, today, our visual identity has evolved to better represent the company we have become and the solutions we offer,” said Rebecca Gautrey, Chief Marketing Officer, Startek. “We are proud to be a global, digital-first CX solutions provider and our new visual identity reflects our mission to deliver customer experience excellence by combining our people, the latest technology and data-driven insights. We're excited about the future and the value we bring to all our stakeholders." The new Startek visual identity is a significant step in the company's evolution as a global CX solutions provider. The company is driven by its stakeholders, believing that it is by coming together to create value for its clients, opportunity for its people and profitable growth for its shareholders that the company can go further and do more. The power of positive experiences and the role of stakeholders in the brand’s long-term success is brought to life in the new Startek logo through the pink Stakeholder Bar. The company's new brand identity and vision statement will be showcased across its digital and physical channels, including its website, social media and marketing collateral. About Startek® For more than 35 years, Startek has delivered customer experience (CX) excellence for the world’s leading brands. Spread across 13 countries, our 38,000 associates create memorable, personalized experiences in both voice and non-voice channels. Our clients span from fortune 500s to fast-growing startups in a diverse range of industries including cable, media and telecom; travel and hospitality; retail and e-commerce and banking and financial services. By creating closer connections, Startek delivers value for our clients, opportunity for our people and sustainable growth for our shareholders. To learn more visit www.startek.com and follow us on LinkedIn @Startek.
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Startek Named Outsource Partner of the Year at 2023 Excellence in Customer Service Awards
DENVER--(BUSINESS WIRE)-- #AgentExperience--Startek® (NYSE: SRT), a global customer experience (CX) solutions provider, has been recognized as the Outsource Partner of the Year at the 2023 Excellence in Customer Service Award presented by Business Intelligence Group. The awards program is organized annually by the Business Intelligence Group to recognize companies, executives and products that provide exceptional customer service and enhance communication with customers.
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Startek Wins Bronze Stevie® Award in 2023 Asia-Pacific Stevie Awards
DENVER--(BUSINESS WIRE)--Startek® (NYSE: SRT), a global customer experience (CX) solutions provider, announced today that the Company has won the Bronze Stevie® Award in the 2023 Asia-Pacific Stevie Awards. The Company was recognized in the Customer Service Award category for its exceptional work in helping clients navigate and overcome challenging customer experience scenarios. "We are thrilled to be recognized in the Asia-Pacific Stevie Awards," said Bharat Rao, Global CEO, Startek. "This award is a great motivator for us to continue pushing the boundaries of what is possible and delivering outstanding results to our clients. We remain committed to enhancing our customer experience management solutions, leveraging the latest technology and tools to drive innovation that supports our clients to achieve their goals." The Asia-Pacific Stevie Awards are the only business awards program to recognize innovation in the workplace in all 29 nations of the Asia-Pacific region. The Stevie Awards are widely considered to be the world's premier business awards, conferring recognition for achievement in programs such as The International Business Awards® for 21 years. Nicknamed the Stevies for the Greek word for “crowned,” the winners will be celebrated during a virtual (online) awards ceremony on Tuesday, 27 June. “The 10th edition of the Asia-Pacific Stevie Awards attracted many remarkable nominations,” said Stevie Awards president Maggie Miller. “The organizations that won this year have demonstrated that they are committed to being innovative and we applaud them for their perseverance and creativity. We look forward to celebrating many of this year’s winners during our virtual awards ceremony on 27 June.” This year, over 800 nominations were reviewed from organizations across the Asia-Pacific region, covering categories such as the Award for Excellence in Innovation in Products & Services, the Award for Innovative Management, and the Award for Innovation in Corporate Websites, among several others. Gold, Silver and Bronze Stevie Award winners were determined by the average scores of more than 100 executives around the world acting as judges in February and March. About Startek® Startek is a global provider of tech-enabled customer experience (CX) management solutions, digital transformation, and technology services to leading brands. Startek is committed to impacting clients’ business outcomes by enhancing customer experience and digital and AI enablement across all touchpoints and channels. Present in 13 countries, Startek has more than 43,000 CX experts servicing clients across a range of industries, including banking and financial services, insurance, technology, telecom, healthcare, travel and hospitality, e-commerce, consumer goods, retail, energy and utilities. To learn more, visit www.startek.com About the Stevie® Awards Stevie Awards are conferred in eight programs: the Asia-Pacific Stevie Awards, the German Stevie Awards, the Middle East & North Africa Stevie Awards, The American Business Awards®, The International Business Awards®, the Stevie Awards for Women in Business, the Stevie Awards for Great Employers, and the Stevie Awards for Sales & Customer Service. Stevie Awards competitions receive more than 12,000 entries each year from organizations in more than 70 nations. Honoring organizations of all types and sizes and the people behind them, the Stevies recognize outstanding performances in the workplace worldwide. Learn more about the Stevie Awards at http://www.StevieAwards.com.
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Startek Recognized by Comparably for Best Global Culture and Best HR Teams
DENVER--(BUSINESS WIRE)--Startek® (NYSE: SRT), a global customer experience (CX) solutions provider, announced today that the company has been recognized by Comparably for its exceptional company culture and human resources team. Out of tens of thousands of companies rated on Comparably over the past 12 months, Startek has been recognized as one of the best in the Best Global Culture and Best HR Teams categories. Comparably Awards are based on anonymous feedback provided by employees across multiple categories on Comparably.com. Winners are then selected based on 20 core culture metrics, ranging from work-life balance and environment to compensation and career growth. "We are proud to be recognized by Comparably for our exceptional culture and HR team. Our associates are our most valuable asset and we strive to create a positive and inclusive workplace that fosters growth, innovation and success for all,” said Bharat Rao, Global CEO, Startek. “This recognition is especially meaningful because it’s based on our own people’s feedback and sentiment towards our company.” With 43,000 associates located in 13 countries, Startek emphasizes a set of common values that unite teams and guide decision-making at all levels regardless of role or region. With associates in both hybrid and remote roles as well as those working on site, Startek prioritizes creating opportunities to bring teams together virtually to ensure teams have a sense of connection. The organization’s HR team plays an important role in driving a sense of belonging. "At Startek, we believe our people are the key to our success," said SM Gupta, Chief People Officer, Startek. "We are committed to providing our teams with the tools and resources they need to succeed and we are proud to be recognized by Comparably for our effort. I congratulate all our teams for making these awards possible and am thrilled to see the HR team’s impact recognized." The Comparably Best Global Culture award recognizes companies that create a positive and inclusive workplace culture that promotes teamwork, communication and innovation. The Best HR Teams award recognizes companies that provide exceptional support to their employees, including benefits, training and professional development opportunities. About Startek® For more than 35 years, Startek has delivered customer experience (CX) excellence for the world’s leading brands. Spread across 13 countries, our 43,000 associates create memorable, personalized experiences in both voice and non-voice channels. Our clients span from fortune 500s to fast-growing startups in a diverse range of industries including cable, media and telecom; travel and hospitality; retail and e-commerce; and banking and financial services. By creating closer connections, Startek delivers value for our clients, opportunity for our people and sustainable growth for our shareholders. To learn more visit www.startek.com and follow us on LinkedIn @Startek.
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Startek Completes Transaction to Sell Interest in Contact Center Company
DENVER--(BUSINESS WIRE)--Startek, Inc. (NYSE: SRT) ("Startek" or the "Company"), a global customer experience (CX) solutions provider, has completed the divestiture of its interest in Contact Center Company (CCC) to Arabian Internet and Communications Services Company (Solutions). Effective today, Solutions has acquired 51% Startek stake in Contact Center Company (CCC) for an enterprise value of approximately $61.5 million. Solutions will also acquire the remaining 49% stake from the Company’s joint venture partner, Saudi Telecom Company (STC). Startek plans to use $55 million from the net proceeds to reduce its debt and improve its balance sheet. With this strategic move, Startek aims to concentrate on enhancing its operations across its core business segments and key geographies. Bharat Rao, CEO, Startek, said, “This transaction significantly improves our balance sheet to the strongest we’ve seen it in five years. Looking forward, we are excited to be able to place an even greater emphasis on investing into our three strategic pillars – sales, digital and technology – to further expand our best-in-class CX solutions.” "I would also like to express my gratitude to STC and its leadership for their commitment during our 12-year partnership. With STC's support, we were able to offer premier CX solutions to numerous businesses in the Kingdom of Saudi Arabia. We take pride in the accolades we received during this venture,” continued Rao. “We believe Solutions is taking stake in a great asset and wish them the best going forward." About Startek® For more than 35 years, Startek has delivered customer experience (CX) excellence for the world’s leading brands. Spread across 12 countries, our 36,000 associates create memorable, personalized experiences in both voice and non-voice channels. Our clients span from fortune 500s to fast-growing startups in a diverse range of industries including cable, media and telecom; travel and hospitality; retail and e-commerce and banking and financial services. By creating closer connections, Startek delivers value for our clients, opportunity for our people and sustainable growth for our shareholders. To learn more visit www.startek.com and follow us on LinkedIn @Startek.
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Startek, Inc. (SRT) Q4 2022 Earnings Call Transcript
Startek, Inc. (NYSE:SRT ) Q4 2022 Earnings Conference Call March 27, 2023 5:00 PM ET Company Participants Bharat Rao - Global Chief Executive Officer Nishit Shah - Global Chief Financial Officer Conference Call Participants Operator Good day everyone, and thank you for participating in today's conference call to discuss the Startek Financial Results for the Fourth Quarter and Full Year Ended December 31, 2022. Joining us today are Startek Global CEO, Bharat Rao; and the company's Global CFO, Nishit Shah.
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StarTek (SRT) Q4 Earnings Surpass Estimates
StarTek (SRT) delivered earnings and revenue surprises of 158.33% and 45.28%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?
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Startek Reports Fourth Quarter and Full Year 2022 Financial Results
DENVER--(BUSINESS WIRE)--Startek, Inc. (NYSE:SRT) ("Startek" or the "Company"), a global customer experience (CX) solutions provider, is reporting financial results for the fourth quarter and full year ended December 31, 2022. As a result of current and planned divestitures, the Company has classified Middle East and Argentina operations as 'Held for Sale and Discontinued Operations'. Accordingly net revenue, gross profit, gross margin, SG&A expenses and adjusted EBITDA are reported for the continuing operations and net income, EPS, adjusted net income/(loss) and adjusted EPS are reported after consolidating continuing and discontinued operations. Fourth Quarter 2022 Financial Summary ($ in millions, excl. margin items) Q4 2022 Q4 2021 Change Net Revenue $ 92.96 $ 113.67 (18.22) % Gross Profit $ 16.80 $ 17.43 (3.61) % Gross Margin 18.07 % 15.33 % 274 bps SG&A Expenses $ 12.27 $ 10.15 20.89 % Adjusted EBITDA [3] $ 12.12 $ 12.81 (5.39) % Net Income/(Loss)[1] $ (3.13) $ 6.69 (146.79) % EPS $ (0.08) $ 0.16 (150) % Adjusted Net Income/(Loss)[2], [3] $ 14.15 $ 12.89 9.78 % Adjusted EPS [3] $ 0.35 $ 0.32 9.38 % Full Year 2022 Financial Summary ($ in millions, excl. margin items) 2022 2021 Change Net Revenue $ 385.07 $ 470.33 (18.13) % Gross Profit $ 57.80 $ 64.80 (10.80) % Gross Margin 15.01 % 13.78 % 123 bps SG&A Expenses $ 48.68 $ 42.45 14.68 % Adjusted EBITDA[3] $ 38.46 $ 47.28 (18.65) % Net Income/(Loss)[1] $ (2.26) $ 1.50 (250.67) % EPS $ (0.06) $ 0.04 (250) % Adjusted Net Income/(Loss)[2], [3] $ 26.69 $ 27.34 (2.38) % Adjusted EPS [3] $ 0.66 $ 0.67 (1.49) % [1] Reflects net income (loss) attributable to Startek shareholders. [2] Reflects Adjusted net income (loss) attributed to Startek shareholders. [3] Refer to the reconciliation of GAAP to Non-GAAP financial measures. ___________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ Management Commentary “The fourth quarter closed out a year in which we made significant progress expanding our footprint, enhancing our capabilities and service offerings, strengthening our balance sheet, and building a significant sales pipeline,” said Bharat Rao, Global CEO of Startek. “Throughout 2022, we were hyper-focused on making strategic investments that we believed were necessary to optimize our platform and ensure we were in position to accelerate top-line growth and margin expansion. Our sales teams have been consistently working towards strengthening our sales pipeline, with a particular focus on near-shore and off-shore delivery opportunities. As we discussed last quarter, these efforts are beginning to bear fruit with record levels of new logos being won, and we believe we are in a strong position to capitalize on these new contracts in 2023. “During the fourth quarter, we were able to secure two new key clients with significant annual contract values that we believe will be a meaningful portion of our revenue going forward. Also highlighting the quarter was the stabilization of our gross margins as wage inflation pressures continued to lessen and we recaptured costs associated with onboarding new agents in prior quarters. While prioritizing innovation and best-in-class service for our clients, we are continually applauded for the outstanding values and standards held at Startek. During the quarter, we were recognized by ISG Provider Lens, a practitioner-led service provider comparison, as a leader in social media, AI and analytics and work from home services within the U.S. and Globally. Additionally, we received the Best Customer Experience award in the Managed Digital Transformation Providers Category at the Future Enterprise Awards 2022. Leveraging our leading customer experience capabilities to deliver disruptive innovation in ways that excite and serve our clients is always a pleasure, and we look forward to sustaining this track-record over the long-term. “As part of our operational enhancements, we made significant decisions with the redemption of our interest in CSS Corp., pursuing the potential sale of Aegis Argentina, and beginning the process of divesting our indirect ownership in Contact Center Company ("CCC"). The redemption of our interest in CSS Corp. provided us with net proceeds of $45.6 million, which we used to prepay a portion of our debt subsequent to the end of the year, and we anticipate the divesture of Contact Center Company, which we expect to close in Q2 2023, will provide us with net proceeds of $55.0 million that are expected to be utilized for further debt prepayment. As a result of these corporate actions, we have reconciled our financial statements, shifting income from these specific operations (CCC and Argentina) into a discontinued operations segment and removing the revenue contributions from the top-line. Although these have been successful partnerships, we believe that these divestures will allow our organization to focus on growing our core business and further deleverage our balance sheet. “Overall, we believe that Startek is well-positioned as we move forward in 2023. Our core business is focused on accelerating our organic growth by providing best-in-class service for our current clients, while continuing to expand our sales pipeline across high-growth verticals. Additionally, we will look to further implement value-add services from our existing digital partnerships and transition pilot programs to become integral elements of our ongoing operations. Our priority is sustainably growing our Company to return value back to our shareholders, and we look forward to executing our strategic growth roadmap in 2023 and beyond.” Fourth Quarter 2022 Financial Results Net revenue in the fourth quarter was $92.96 million compared to $113.67 million in the year-ago quarter. The decrease was primarily due to the higher revenue base in 2021 which included revenue from a cable client that subsequently insourced all operations. The decline in net revenue was offset by strong performance from the Company’s telecom, financial and business services and travel and hospitality verticals. On a constant currency basis, net revenue decreased 14.90% compared to the year-ago quarter. Gross profit in the fourth quarter was $16.80 million compared to $17.43 million in the year-ago quarter. Gross margin improved by 274 basis points to 18.07% compared to 15.33% in the year-ago quarter. The increase in gross margin is primarily attributable to change in employee mix with higher proportion of offshore employees relative to those in high-cost geographies. Higher margins are also reflective of the various cost optimization measures that the Company adopted earlier in 2022. Selling, general and administrative (SG&A) expenses in the fourth quarter was $12.27 million compared to $10.15 million in the year-ago quarter. As a percentage of revenue, SG&A increased to 13.2% compared to 8.93% in the year-ago quarter. The SG&A costs in the current period includes certain one-time costs such as take private costs, amortization of premium for the CSS Corp and costs related to the ongoing divestiture of the Company's stake in CCC. Adjusting for these the SG&A expenses for the quarter increased to $10.72 million. The increase was reflective of investments made in sales, digital and marketing initiatives. Adjusted EBITDA* in the fourth quarter was $12.12 million compared to $12.81 million in the year-ago quarter. The decrease in EBITDA is not significant. Net income (loss) attributable to Startek shareholders in the fourth quarter decreased by 146.79% to $(3.13) million or $(0.08) per share, compared to a net income of $6.69 million or $0.16 per share in the year-ago quarter. This represents income (loss) attributable to Startek shareholders from continuing operations of $(1.94) million in Q4 2022 and $4.92 million in Q4 2021, along with income (loss) attributable to Startek shareholders from discontinued operations of $(1.19) million in Q4 2022 and $1.77 million in Q4 2021. Adjusted net income* in the fourth quarter was $14.15 million or $0.35 per diluted share, compared to an adjusted net income* of $12.89 million or $0.32 per diluted share in the year-ago quarter. This represents adjusted net income (loss) from continuing operations of $12.61 million in Q4 2022 and $11.1 million in Q4 2021, along with adjusted net income (loss) from discontinued operations of $1.54 million in Q4 2022 and $1.78 million in Q4 2021. On December 31, 2022, cash and restricted cash increased to $72.41 million[1] compared to $27.98 million as at September 30, 2022. The increase in cash balance as at year end was driven by the receipt of proceeds from the redemption of our investment in CSS Corp. Total debt as at December 31, 2022, was $175.91 million compared to $169.04 million as at September 30, 2022, and net debt as at December 31, 2022, decreased to $103.50 million[2] compared to $141.06 million as at September 30, 2022. Full Year 2022 Financial Results Net revenue in 2022 was $385.07 million compared to $470.33 million in 2021. On a constant currency basis, net revenue decreased 14.86% compared to the prior year. The decrease was largely attributable to a short-term government program relating to COVID vaccination in the second quarter of 2021 and the termination of operation with an e-commerce and a cable & media client in the America’s region. The decline in net revenue was offset by strong performance from the Company’s telecom, financial and business services and travel and hospitality verticals. Gross profit in 2022 was $57.80 million compared to $64.80 million in 2021. Gross margin increased 123 basis points to 15.01% compared to 13.78% in 2021. The increase in gross margin was primarily due to the continued shift towards higher margins delivered off-shore and near-shore, lower rent costs due to the consolidation of brick-and-mortar sites and softer wage inflation pressures in the fourth quarter. The increase was offset by wage inflation pressures in the first half of the year, investments made to ramp services within the ecommerce vertical and investments made to upgrade the Company’s technology and cybersecurity infrastructure. Selling, general and administrative (SG&A) expenses in 2022 were $48.68 million compared to $42.45 million in 2021. As a percentage of revenue, SG&A was 12.64% compared to 9.03% in 2021. The increase was largely driven by the Company’s continued investments made to bolster sales, digital and marketing initiatives and to upgrade the security and cybersecurity technology infrastructure. Additionally, the increase was also fueled by costs associated with the rejected take private transaction in the third quarter of 2022, certain non-recurring expenses such as amortization of premium of the call option to acquire CSS Corp and transaction costs related to CCC divestiture. Adjusted EBITDA* in 2022 was $38.46 million compared to $47.28 million in 2021. The decrease in EBITDA is due to higher revenue base in 2021 that included EBITDA from the COVID support program and from clients in the e-Commerce and cable vertical that terminated in 2021. Net income (loss) to Startek shareholders in 2022 decreased to $(2.26) million or $(0.06) per share, compared to a net income of $1.5 million or $0.04 per share in 2021. This represents income (loss) attributable to Startek shareholders from continuing operations of $(0.29) million in 2022 and $(1.09) million in 2021, along with income (loss) attributable to Startek shareholders from discontinued operations of $(1.97) million in 2022 and $2.59 million in 2021. Adjusted net income* in 2022 was $26.69 million or $0.66 per diluted share, compared to adjusted net income* of $27.34 million or $0.67 per diluted share in 2021. This represents adjusted net income (loss) from continuing operations of $25.94 million in 2022 and $24.75 million in 2021, along with adjusted net income (loss) from discontinued operations of $0.75 million in 2022 and $2.59 million in 2021. During the year ended December 31, 2022, the Company repurchased an aggregate of 426,445 shares of its common stock under its repurchase plan, at an average cost of $4.29 per share. *A non-GAAP measure defined below. ___________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ [1] Cash balance excluding restricted cash as at December 31, 2022 amounted to $22.46 million as compared to $22.27 million as at September 30, 2022. Restricted cash of $49.95 million include $41 million which was received from the net proceeds of CSS Redemption that was utilized to prepay debt in January 2023. [2] Net debt excluding restricted cash balance as at December 31, 2022 was $153.45 million compared to $146.77 million as at September 30, 2022. Conference Call and Webcast Details Startek management will host the call, followed by a question-and-answer period. Date: Monday, March 27, 2023 Time: 5 p.m. ET Toll-free dial-in number: 1-844-826-3035 International dial-in number: 1-412-317-5195 Conference ID: 10175986 Please call the conference telephone number 10-15 minutes prior to the start time. An operator will register your name and organization. If you have any difficulty connecting with the conference call, please contact Gateway Group at 1-949-574-3860. The conference call will be broadcast live and available for replay here. A telephonic replay of the conference call will also be available after 8 p.m. ET on the same day through April 3, 2023. Toll-free replay number: 1-844-512-2921 International replay number: 1-412-317-6671 Replay ID: 10175986 About Startek Startek is a leading global provider of technology-enabled customer experience (CX) solutions. The Company provides omnichannel CX, digital transformation, and technology services to some of the world’s leading brands. Startek is committed to impacting clients’ business outcomes by focusing on enhancing CX and digital enablement across all touch points and channels. Startek has more than 33,000 employees delivering services in 11 countries. The Company services over 140 clients across a range of industries such as banking and financial services, insurance, technology, telecoms, healthcare, travel and hospitality, consumer goods, retail and energy and utilities. To learn more, visit www.startek.com. Forward-Looking Statements The matters regarding the future discussed in this news release include forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are intended to be identified in this document by the words “anticipate,” “believe,” “estimate,” “expect,” “intend,” “may,” “objective,” “outlook,” “plan,” “project,” “possible,” “potential,” “should” and similar expressions. As described below, such statements are subject to a number of risks and uncertainties that could cause Startek's actual results to differ materially from those expressed or implied by any such forward-looking statements. Readers are encouraged to review risk factors and all other disclosures appearing in the Company's Form 10-K for the fiscal year ended December 31, 2022, as well as other filings with the SEC, for further information on risks and uncertainties that could affect Startek's business, financial condition and results of operation. Copies of these filings are available from the SEC, the Company’s website or the Company’s investor relations department. Startek assumes no obligation to update or revise any forward-looking statements as a result of new information, future events or otherwise. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date herein. STARTEK, INC. AND SUBSIDIARIES Consolidated Statements of Income (loss) (Unaudited) (In thousands, except per share data) Three Months Ended December Year Ended December 2022 2021 2022 2021 Revenue 92,957 112,594 385,074 470,242 Warrant adjustment - 1,078 - 87 Net revenue 92,957 113,672 385,074 470,329 Cost of services (76,156 ) (96,235 ) (327,277 ) (405,531 ) Gross profit 16,801 17,437 57,797 64,798 Selling, general and administrative expenses (12,267 ) (10,153 ) (48,680 ) (42,454 ) Impairment losses and restructuring/exit cost (9,714 ) (5,046 ) (9,824 ) (6,456 ) Operating income (loss) (5,180 ) 2,238 (707 ) 15,888 Share of income of equity accounted investee (includes gain on disposal of $8,499 in Q4 2022) 9,873 6,682 13,995 6,681 Interest expense and other income (expense), net (4,790 ) (1,394 ) (9,834 ) (17,218 ) Foreign exchange gains (losses), net (611 ) (149 ) 348 490 Income from continuing operations before income tax expense (708 ) 7,377 3,802 5,841 Tax expense (1,233 ) (2,454 ) (4,087 ) (6,934 ) Income (loss) from continuing operations, net of tax (A) (1,941 ) 4,923 (285 ) (1,093 ) Income from discontinued operations before income tax expense 1,842 3,431 7,866 15,751 Tax expenses of discontinued Operations (850 ) (15 ) (3,350 ) (4,932 ) Income from discontinued operations, net of tax (B) 992 3,416 4,516 10,819 Net income (A+B) (949 ) 8,339 4,231 9,726 Income (loss) from continuing operations (A) Income (loss) attributable to noncontrolling interests - - - - Income (loss) attributable to Startek shareholders (1,941 ) 4,923 (285 ) (1,093 ) (1,941 ) 4,923 (285 ) (1,093 ) Income (loss) from discontinued operations (B) Income (loss) attributable to noncontrolling interests 2,179 1,645 6,490 8,226 Income (loss) attributable to Startek shareholders (1,187 ) 1,771 (1,974 ) 2,593 992 3,416 4,516 10,819 Net income (loss) (A+B) Net income attributable to noncontrolling interests 2,179 1,645 6,490 8,226 Net income (loss) attributable to Startek shareholders (3,128 ) 6,694 (2,259 ) 1,500 (949 ) 8,339 4,231 9,726 Net income (loss) per common share from continuing operations Basic net income (loss) attributable to Startek shareholders (0.05 ) 0.12 (0.01 ) (0.02 ) Diluted net income (loss) attributable to Startek shareholders (0.05 ) 0.12 (0.01 ) (0.02 ) Net income (loss) per common share from discontinued operations Basic net income (loss) attributable to Startek shareholders (0.03 ) 0.04 (0.05 ) 0.06 Diluted net income (loss) attributable to Startek shareholders (0.03 ) 0.04 (0.05 ) 0.06 Net income (loss) per common share from continuing and discontinued operations Basic net income (loss) attributable to Startek shareholders (0.08 ) 0.16 (0.06 ) 0.04 Diluted net income (loss) attributable to Startek shareholders (0.08 ) 0.16 (0.06 ) 0.04 Weighted average common shares outstanding Basic 40,271 40,707 40,305 40,719 Diluted 40,271 40,865 40,305 41,086 STARTEK, INC. AND SUBSIDIARIES Consolidated Balance Sheets (Unaudited) (In thousands, except share and per share data) December 31, 2022 December 31, 2021 Assets Current assets Cash and cash equivalents 22,457 32,068 Restricted cash 49,946 2,015 Trade accounts receivables, net 47,138 46,634 Unbilled revenue 24,207 26,955 Prepaid expenses and other current assets 9,159 7,016 Current assets classified as held for sale 202,831 110,330 Total current assets 355,738 225,018 Non-current assets Property, plant and equipment, net 22,945 25,428 Operating lease right-of-use assets 36,450 55,354 Intangible assets, net 79,745 90,092 Goodwill 120,505 128,557 Investment in equity-accounted investees - 31,688 Deferred tax assets, net 2,771 560 Prepaid expenses and other non-current assets 7,889 10,304 Non-current assets classified as held for sale - 75,474 Total non-current assets 270,305 417,457 Total assets 626,043 642,475 Liabilities and Stockholders’ Equity Current liabilities Trade accounts payables 2,428 5,074 Accrued expenses 31,676 30,797 Short term debt 14,267 3,450 Current maturity of long term debt 120,466 6,230 Current maturity of operating lease liabilities 14,492 19,566 Other current liabilities 15,646 21,454 Current liabilities classified as held for sale 89,486 61,696 Total current liabilities 288,461 148,267 Non-current liabilities Long term debt 41,175 160,175 Operating lease liabilities 26,651 42,004 Other non-current liabilities 2,682 3,300 Deferred tax liabilities, net 15,508 16,309 Non - current liabilities classified as held for sale - 19,100 Total non-current liabilities 86,016 240,888 Total liabilities 374,477 389,155 Stockholders’ equity Common stock, 60,000,000 non-convertible shares, $0.01 par value, authorized; 41,098,456 and 40,893,396 shares issued as of December 31, 2022, and December 31, 2021, respectively 411 409 Additional paid-in capital 293,472 291,537 Accumulated deficit (86,302 ) (84,043 ) Treasury stock, 839,214 and 412,769 shares as of December 31, 2022, and December 31, 2021, respectively, at cost (3,749 ) (1,912 ) Accumulated other comprehensive loss (16,058 ) (10,687 ) Equity attributable to Startek shareholders 187,774 195,304 Non-controlling interest 63,792 58,016 Total stockholders’ equity 251,566 253,320 Total liabilities and stockholders’ equity 626,043 642,475 STARTEK, INC. AND SUBSIDIARIES Consolidated Statements of Cash Flows (Unaudited) (In thousands) Year Ended December 31, 2022 2021 Operating activities Income from continuing and discontinued operations 4,231 9,726 less: Income (loss) from discontinued operations, net of tax (4,516 ) (10,819 ) Income (loss) from continuing operations, net of tax (285 ) (1,093 ) Adjustments to reconcile net income (loss) to net cash generated from operating activities: Depreciation and amortization 22,593 23,601 Impairment of goodwill 8,052 - Profit on sale of property, plant and equipment 59 (106 ) Provision/(reversal) for doubtful accounts (49 ) 24 Amortization of debt issuance costs (including loss on extinguishment of debt) 1,825 11,607 Amortization of call option premium 1,800 1,200 Mark to market loss on derivative instrument 113 - Warrant contra revenue - (87 ) Share-based compensation expense 1,551 1,418 Impairment of right-of-use assets 1,110 4,514 Deferred income taxes (3,207 ) 138 Share of income of equity accounted investee (includes gain on disposal of $8,499 in Q4 2022) (13,995 ) (6,681 ) Changes in operating assets and liabilities: Trade accounts receivables (4,418 ) (9,347 ) Prepaid expenses and other assets (1,380 ) 1,261 Trade accounts payable (2,356 ) (5,231 ) Income taxes, net 1,501 2,528 Accrued expenses and other liabilities (4,702 ) (5,595 ) Net cash generated from by operating activities from continuing operations 8,212 18,151 Net cash generated from/used in operating activities from discontinued operations 16,642 10,033 Net cash generated from operating activities 24,854 28,184 Investing activities Purchase of property, plant and equipment and intangible assets, net (12,028 ) (9,927 ) Investment in equity-accounted investees - (25,000 ) Payments for call option premium - (3,000 ) Proceeds from redemption of equity-accounted investees 45,683 104 Net cash generated from/used in investing activities from continuing operations 33,655 (37,823 ) Net cash generated from/used in investing activities from discontinued operations (173 ) (6,699 ) Net cash generated from/used in investing activities 33,482 (44,522 ) Financing activities Proceeds from the issuance of common stock 386 1,510 Proceeds from long term debt (net of debt issuance cost paid to lenders) - 156,525 Payments of long term debt (4,124 ) (117,600 ) Payments for loan fees related to long term debt - (2,794 ) Proceeds from a line of credit, net 10,943 - Payments of other borrowings, net (2,466 ) (13,726 ) Common stock repurchases (1,837 ) (1,912 ) Net cash generated from/used in financing activities from continuing operations 2,902 22,003 Net cash generated from/used in financing activities from discontinued operations 303 70 Net cash generated from/used in financing activities 3,205 22,073 Net increase in cash and cash equivalents 61,541 5,735 Effect of exchange rate changes on cash and cash equivalents and restricted cash (1,791 ) (898 ) Cash and cash equivalents and restricted cash at beginning of year 55,396 50,559 Cash and cash equivalents and restricted cash at end of year 115,146 55,396 Less: Cash and cash equivalents from discontinued operations (42,743 ) (21,313 ) Cash and cash equivalents and restricted cash of continuing operations at end of year 72,403 34,083 Components of cash and cash equivalents and restricted cash Balances with banks 22,457 32,068 Restricted cash 49,946 2,015 Total cash and cash equivalents and restricted cash 72,403 34,083 Supplemental disclosure of cash flow information Cash paid for interest and other finance cost 11,109 21,077 Cash paid for income taxes 4,832 3,954 Supplemental disclosure of non-cash activities Non-cash warrant contra revenue - (87 ) Non-cash share-based compensation expenses 1,551 1,418 STARTEK, INC. AND SUBSIDIARIES RECONCILIATION OF GAAP TO NON-GAAP MEASURES (In thousands, except per share data) (Unaudited) ___________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ This press release contains references to the non-GAAP financial measure of Adjusted EBITDA and Adjusted EPS. Reconciliation of this non-GAAP measure to its comparable GAAP measure is included below. This non-GAAP information should not be construed as an alternative to the reported results determined in accordance with GAAP. It is provided solely to assist in an investor’s understanding of these items on the comparability of the Company’s operations. Adjusted EBITDA: The Company defines non-GAAP Adjusted EBITDA as Net income (loss) plus Income tax expense, Share of income (loss) of equity-accounted investees, Interest expense, net, Depreciation and amortization expense, Impairment losses and restructuring cost, Share-based compensation expense, Foreign exchange gains (losses), net, Private offer transaction costs, Transaction related costs, CSS option amortization and Warrant adjustment (if applicable). Management uses Adjusted EBITDA as a performance measure to analyze the performance of our business. Management believes that excluding these non-cash and other non-recurring items permits a more meaningful comparison and understanding of our strength and performance of our ongoing operations for our investors and analysts. Adjusted EPS: Adjusted EPS is a non-GAAP financial measure presenting the earnings generated by our ongoing operations that we believe is useful to investors in making meaningful comparisons to other companies, although our measure of Adjusted EPS may not be directly comparable to similar measures used by other companies, and period-over-period comparisons. Adjusted EPS is defined as our diluted earnings per common share attributable to Startek shareholders adjusted to exclude the effects of the amortization of acquisition-related intangible assets, investments that investors may want to evaluate separately (such as based on fair value) and the impact of certain events, gains, losses or other charges that affect period-over-period comparisons. Acquisition-related intangible assets are recognized as a result of the application of Accounting Standards Codification Topic (“ASC”) 805, Business Combinations (such as customer relationships and Brand), and their amortization is significantly affected by the size and timing of our acquisitions. Adjusted EBITDA: Three Months Ended December 31, Year Ended December 31, 2022 2021 2022 2021 Continuing Operations Net income (loss) (1,941 ) 4,923 (285 ) (1,093 ) Income tax expense 1,233 2,454 4,087 6,934 Share of income of equity accounted investee (includes gain on disposal of $8,499 in Q4 2022) (9,873 ) (6,682 ) (13,995 ) (6,681 ) Interest expense and other income (expense), net 4,790 1,394 9,834 17,218 Foreign exchange gains (losses), net 611 149 (348 ) (490 ) Depreciation and amortization expense 5,738 6,116 22,593 23,601 Private offer transaction cost 264 - 2,867 - Impairment losses and restructuring cost 9,714 5,046 9,824 6,456 Share-based compensation expense 338 485 1,551 1,418 Warrant contra revenue - (1,078 ) - (87 ) Other non recurring costs 526 - 526 - CSS option amortisation 720 - 1,800 - Adjusted EBITDA from Continuing Operations 12,121 12,807 38,455 47,276 Discontinued Operations Net income (loss) 992 3,416 4,516 10,819 Income tax expense 850 15 3,350 4,932 Interest expense and other income (expense), net 1,369 (709 ) 2,168 1,955 Foreign exchange gains (losses), net 333 542 642 1,139 Depreciation and amortization expense 1,510 1,623 6,794 4,536 Impairment losses and restructuring cost 1,428 1,216 4,468 1,770 Other non recurring costs 2,724 - 2,724 - Adjusted EBITDA from Discontinued Operations 9,206 6,103 24,662 25,151 Adjusted EBITDA from Continuing and Discontinued Operations 21,327 18,910 63,117 72,427 Adjusted EPS: Three Months Ended December 31, Year Ended December 31, 2022 2021 2022 2021 Continuing Operations Income (loss) attributable to Startek shareholders (1,941 ) 4,923 (285 ) (1,093 ) Share based compensation expense 338 486 1,551 1,418 Amortization of intangible assets, net of tax 2,279 2,277 9,062 9,062 Warrant contra revenue - (1,078 ) - (87 ) Private offer transaction cost 264 - 2,867 - Impairment of right-of-use assets 1,110 4,514 1,110 4,514 Impairment of goodwill 8,052 - 8,052 - Debt issuance cost expensed out 1,260 - 1,260 10,937 Other non recurring costs 526 - 526 - CSS option amortisation 720 - 1,800 - Adjusted net income from Continuing Operations 12,608 11,122 25,943 24,751 Discontinued Operations Income (loss) attributable to Startek shareholders (1,187 ) 1,771 (1,974 ) 2,593 Other non recurring costs 2,724 - 2,724 - Adjusted net income (loss) from Discontinued Operations 1,537 1,771 750 2,593 Adjusted Net Income from Continuing and Discontinued Operations 14,145 12,893 26,693 27,344 Weighted average common shares outstanding - Basic 40,271 40,707 40,305 40,719 Weighted average common shares outstanding - Diluted 40,271 40,865 40,305 41,086 Adjusted EPS from Continuing Operations - Basic 0.31 0.27 0.64 0.61 Adjusted EPS from Continuing Operations - Diluted 0.31 0.27 0.64 0.61 Adjusted EPS from Discontinued Operations - Basic 0.04 0.05 0.02 0.06 Adjusted EPS from Discontinued Operations - Diluted 0.04 0.05 0.02 0.06 Adjusted EPS from Continuing and Discontinued Operations - Basic 0.35 0.32 0.66 0.67 Adjusted EPS from Continuing and Discontinued Operations - Diluted 0.35 0.32 0.66 0.67
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Startek Sets Fourth Quarter and Full Year 2022 Conference Call for Monday, March 27, 2023 at 5:00 p.m. ET
DENVER--(BUSINESS WIRE)--Startek, Inc. (NYSE: SRT) ("Startek" or the "Company"), a global customer experience (CX) solutions provider, will hold a conference call on Monday, March 27, 2023 at 5:00 p.m. ET to discuss its financial results for the fourth quarter and full year ended December 31, 2022. The company will report its results in a press release prior to the conference call. Startek management will host the call, followed by a question-and-answer period. Date: Monday, March 27, 2023 Time: 5:00 p.m. ET Toll-free dial-in number: 1-844-826-3035 International dial-in number: 1-412-317-5195 Conference ID: 10175986 Please call the conference telephone number 10-15 minutes prior to the start time. An operator will register your name and organization. If you have any difficulty connecting with the conference call, please contact Gateway Group at 1-949-574-3860. The conference call will be broadcast live and available for replay here. A telephonic replay of the conference call will also be available after 8 p.m. ET on the same day through April 3, 2023. Toll-free replay number: 1-844-512-2921 International replay number: 1-412-317-6671 Replay ID: 10175986 About Startek® Startek is a global provider of tech-enabled customer experience (CX) management solutions, digital transformation and technology services to leading brands. Startek is committed to impacting clients’ business outcomes by enhancing customer experience and digital and AI enablement across all touchpoints and channels. Present in 13 countries, Startek has more than 46,000 CX experts servicing clients across a range of industries, including banking and financial services, insurance, technology, telecom, healthcare, travel and hospitality, e-commerce, consumer goods, retail, energy and utilities. To learn more, visit www.startek.com.
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Startek Wins Silver and Bronze Stevie® Awards in 2023 Stevie Awards for Sales & Customer Service
Global CX Solutions Provider Recognized for Exceptional Customer Service and Innovative Use of Technology DENVER–(BUSINESS WIRE)–#AgentExperience–Startek® (NYSE: SRT), a global customer experience (CX) solutions provider, has been presented with a Silver Stevie ® Award in the Contact Center of the Year category and a Bronze Stevie® Award in the Best Use of Technology in Customer […]...
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Startek Offers Mental Health Support App to New Mothers as Part of Diversity, Equity and Inclusion Initiatives
DENVER--(BUSINESS WIRE)--Startek® (NYSE: SRT), a global customer experience (CX) solutions provider, today announced that it has partnered with Curio Digital Therapeutics to offer postpartum mental health support for its U.S.-based associates as part of its ongoing initiatives designed to promote diversity, equity and inclusion. While pregnancy is an exciting time in a woman's life, CDC data reveals that postpartum depression affects as many as 1 in 8 mothers in the U.S.
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Startek Named on IAOP® Global Outsourcing 100 List
DENVER--(BUSINESS WIRE)--Startek ® (NYSE: SRT), a global customer experience (CX) solutions provider, today announced that it has been named on The Global Outsourcing 100® list by the International Association of Outsourcing Professionals® (IAOP®). This is the third year Startek has earned IAOP® recognition as one of the world's top outsourcers. “We are incredibly proud to have been named as one of the world's best outsourcing service providers by IAOP,” said Bharat Rao, Global CEO, Startek.
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Startek Recognized as One of the Best Companies for Diversity by Comparably
DENVER--( BUSINESS WIRE )--Startek ® (NYSE: SRT), a global customer experience (CX) solutions provider, today announced that it has been recognized as one of the Best Companies for Diversity by Comparably, a leading workplace culture site and corporate brand reputation platform.
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Startek® Enters Into Definitive Agreement to Sell Interest in Contact Center Company
DENVER--( BUSINESS WIRE )--Startek, Inc. (NYSE: SRT) (“Startek” or the “Company”), a global customer experience (CX) solutions provider, today announced that ESM Holdings Limited, an indirect wholly-owned subsidiary of the Company, has entered into a definitive share purchase agreement with Arabian Internet and Communications Services Company (Solutions) to divest its stake in Contact Center Company (CCC) to Solutions. The agreement is subject to customary closing conditions, third-party consents and regulatory approvals, including consents required under the Startek secured revolving credit facility and senior term loan facility agreement.
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Startek, Inc. (SRT) Q3 2022 Earnings Call Transcript
Startek, Inc. (NYSE:SRT ) Q3 2022 Results Conference Call November 9, 2022 5:00 PM ET Company Participants Bharat Rao - Global CEO Nishit Shah - Global CFO Ronald Gillette - Head, Business Transformation Conference Call Participants Zach Cummins - B. Riley Securities Operator Good afternoon, everyone, and thank you for participating in today's conference call to discuss Startek financial results for the third quarter ending September 30, 2022.
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Startek® Accepts Final Offer to Acquire Interest in Contact Center Company
DENVER--(BUSINESS WIRE)--Startek® Accepts Final Offer to Acquire Interest in Contact Center Company
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StarTek (SRT) Q3 Earnings and Revenues Miss Estimates
StarTek (SRT) delivered earnings and revenue surprises of -9.09% and 5.71%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?
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Startek Reports Third Quarter 2022 Financial Results
DENVER--(BUSINESS WIRE)--Startek Reports Third Quarter 2022 Financial Results
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Startek Sets Third Quarter 2022 Conference Call for Wednesday, November 9, 2022 at 5 p.m. ET
DENVER--(BUSINESS WIRE)--Startek, Inc. (NYSE: SRT), a global customer experience (CX) solutions provider, will hold a conference call on Wednesday, November 9, 2022 at 5 p.m. ET to discuss its financial results for the third quarter ended September 30, 2022. The company will report its results in a press release prior to the conference call. Startek management will host the call, followed by a question-and-answer period. Date: Wednesday, November 9, 2022 Time: 5 p.m. ET Toll-free dial-in number: 1-844-826-3035 International dial-in number: 1-412-317-5195 Conference ID: 10172250 Please call the conference telephone number 10-15 minutes prior to the start time. An operator will register your name and organization. If you have any difficulty connecting with the conference call, please contact Gateway Group at 1-949-574-3860. The conference call will be broadcast live and available for replay here. A telephonic replay of the conference call will also be available after 8 p.m. ET on the same day through November 16, 2022. Toll-free replay number: 1-844-512-2921 International replay number: 1-412-317-6671 Replay ID: 10172250 About Startek® Startek is a global provider of tech-enabled customer experience (CX) management solutions, digital transformation, and technology services to leading brands. Startek is committed to impacting clients’ business outcomes by enhancing customer experience and digital and AI enablement across all touchpoints and channels. Present in 13 countries, Startek has more than 43,000 CX experts servicing clients across a range of industries, including banking and financial services, insurance, technology, telecom, healthcare, travel and hospitality, e-commerce, consumer goods, retail and energy and utilities. To learn more, visit www.startek.com.
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Startek® Named Leader in Global ISG Provider Lens™ Quadrant Report on Contact Center – Customer Experience Services 2022
DENVER--(BUSINESS WIRE)-- #AI--Startek Named Leader in Global ISG Provider Lens™ Quadrant Report on Contact Center – Customer Experience Services 2022
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Startek® Named Leader in U.S. ISG Provider Lens™ Quadrant Report on Contact Center – Customer Experience Services 2022
DENVER--(BUSINESS WIRE)-- #AI--Startek Named Leader in U.S. ISG Provider Lens™ Quadrant Report on Contact Center – Customer Experience Services 2022
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Startek® Recognized as Leading Digital Transformation Solutions Provider at Future Enterprise Awards 2022
Denver, United States: Startek® (NYSE: SRT), a global customer experience (CX) solutions provider, today announced that it has been recognized with the Best Customer Experience award in the Managed Digital Transformation Providers Category at the Future Enterprise Awards 2022 held in Dubai, United Arab Emirates. “Through our solutions, we […] Visit The Eastern Herald for more info...
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