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Stock impact report

GSE Systems Announces First Quarter 2019 Financial Results

GSE Systems, Inc. (GVP) 
NASDAQ:AMEX Investor Relations: gses.com/investors
Company Research Source: Business Wire
COLUMBIA, Md.--(BUSINESS WIRE)-- GSE Systems, Inc. (GSE or the Company) (Nasdaq: GVP), a leading provider of engineering, expert staffing, and simulation software to clients in the power and process industries, today announced financial results for the first quarter (Q1) ended March 31, 2019. Q1 2019 OVERVIEW Revenue totaled $22.2 million, compared to $22.9 million in Q1 2018. Gross profit equaled $4.7 million, compared to $4.9 million in Q1 2018. Net loss totaled $(4.2) million, or $(0.21) per diluted share, compared to $(1.5) million, or $(0.08) per diluted share, in Q1 2018. Net loss in Q1 2019 included a non-cash impairment charge of $5.4 million, of which $2.1 million related to goodwill and $3.4 million related to intangible assets, initially recognized through the acquisition of DP Engineering in February 2019. Adjuste Show less Read more
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