Hotel Outsource Management International, Inc(HOUM), a minibars and luxury hotels operator, Tuesday reported wider net loss for its second quarter compared with the same year-ago quarter, reflecting narrower margin.
For the quarter, net loss widened to $1.68 million from $427 thousand last year.
However, total revenues in the second quarter edged up to $870 thousand from $863 thousand last year, while operating loss was reduced to $289 thousand from $326 thousand last year. Gross margin was down at 12.4 percent compared to 17.4 percent last year. The company noted that the margins were dented by the additional costs for the 232 minibars and related computerized trays.
Monday, Hotel Outsource closed at $0.03 on the OTC market.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.