GSE Systems Announces Second 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 professional and technical engineering, staffing services and simulation software to clients in the power and process industries, today announced financial results for the second quarter (Q2) ended June 30, 2019.Q2 2019 vs. Q2 2018 OVERVIEWRevenue of $23.5 million, compared to $24.7 million.Gross profit of $5.9 million, compared to $6.3 million.Net loss of $(0.1) million, or $(0.01) per diluted share, compared to net income of $1.0 million, or $0.05 per diluted share.Adjusted net income1 of $1.0 million, or $0.05 per diluted share, compared to $2.5 million, or $0.13 per diluted share.Adjusted EBITDA1 of $1.9 million, compared to $2.4 million.Reduced debt by approximately $1.2 million in Q2 2019.At June 30, 2019Cash and cash equivalents of $9.7 million.Total debt of $21 million.Working capital of $10.5 million and current ratio of 1.5x.YTD new orders of $23.9 million.Backlog o
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GVP
Earnings
- 11/14/23 - Beat
GVP
Sec Filings
- 4/5/24 - Form SC
- 4/2/24 - Form 10-K/A
- 4/2/24 - Form 4
- GVP's page on the SEC website