SEGMENT AND GEOGRAPHIC DATA

Segment Reporting

The Company operates in three reportable segments: the Hudson regional businesses of Hudson Americas, Hudson Asia Pacific, and Hudson Europe. Corporate expenses are reported separately from the three reportable segments and pertain to certain functions, such as executive management, corporate governance, human resources, accounting, administration, tax, and treasury. Segment information is presented in accordance with ASC 280, "Segment Reporting." This standard is based on a management approach that requires segmentation based upon the Company’s internal organization and disclosure of revenue and certain expenses based upon internal accounting methods. The Company’s financial reporting systems present various data for management to run the business, including internal profit and loss statements prepared on a basis not consistent with U.S. GAAP. Accounts receivable, net and long-lived assets are the only significant assets separated by segment for internal reporting purposes. The following information is presented net of discontinued operations. For more information see Note 5.



	Hudson Americas			Hudson Asia Pacific			Hudson Europe			Corporate			Inter-Segment Elimination			Total
For The Three Months Ended March 31, 2019
Total revenue	$	3,175		$	8,679		$	4,369		$	—		$	(36	)	$	16,187
Total gross profit	$	2,797		$	4,560		$	2,044		$	—		$	(5	)	$	9,396
EBITDA (loss) ^(a)	$	(414	)	$	(48	)	$	(348	)	$	(1,191	)	$	—		$	(2,001	)
Depreciation and amortization	5			5			7			1			—			18
Intercompany interest income (expense), net	—			(101		)	—			101			—			—
Interest income (expense), net	—			—			—			313			—			313
Income (loss) from continuing operations before income taxes	$	(419	)	$	(154	)	$	(355	)	$	(778	)	$	—		$	(1,706	)

As of March 31, 2019
Accounts receivable, net	$	3,169		$	6,083		$	3,298		$	37		$	—		$	12,587
Total assets	$	3,737		$	10,246		$	6,886		$	24,984		$	—		$	45,853

For The Three Months Ended March 31, 2018
Total revenue	$	3,701		$	8,824		$	3,690		$	—		$	—		$	16,215
Total gross profit	$	3,124		$	4,922		$	2,108		$	—		$	—		$	10,154
EBITDA (loss) ^(a)	$	291		$	544		$	11		$	(3,571	)	$	—		$	(2,725	)
Income (loss) from continuing operations before income taxes	$	291		$	544		$	11		$	(3,571	)	$	—		$	(2,725	)

As of March 31, 2018
Accounts receivable, net	$	2,645		$	6,174		$	4,856		$	—		$	—		$	13,675
Total assets	$	4,292		$	8,242		$	6,750		$	38,686		$	—		$	57,970

^(a)

SEC Regulation S-K Item 229.10(e)1(ii)(A) defines EBITDA as earnings before interest, taxes, depreciation and amortization. EBITDA is presented to provide additional information to investors about the Company's operations on a basis consistent with the measures that the Company uses to manage its operations and evaluate its performance. Management also uses this measurement to evaluate working capital requirements. EBITDA should not be considered in isolation or as a substitute for operating income and net income prepared in accordance with U.S. GAAP or as a measure of the Company's profitability.

Geographic Data Reporting

A summary of revenues for the three months ended March 31, 2019 and 2018 and long-lived assets and net assets by geographic area as of March 31, 2019 and 2018, presented net of discontinued operations, were as follows:



	United Kingdom		Australia		United States		Other		Total
For The Three Months Ended March 31, 2019
Revenue ^(a)	$	4,011	$	6,768	$	2,851	$	2,557	$	16,187
For The Three Months Ended March 31, 2018
Revenue ^(a)	$	3,533	$	7,639	$	3,535	$	1,508	$	16,215
As of March 31, 2019
Net assets	$	2,645	$	3,148	$	24,176	$	4,870	$	34,839
As of March 31, 2018
Net assets	$	2,802	$	2,909	$	35,365	$	2,902	$	43,978

^(a) Revenue by geographic region disclosed above is net of any inter-segment revenue and, therefore, represents only revenue from external customers according to the location of the operating subsidiary.