See more : Shenyang Chemical Industry Co., Ltd. (000698.SZ) Income Statement Analysis – Financial Results
Complete financial analysis of GSE Systems, Inc. (GVP) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of GSE Systems, Inc., a leading company in the Software – Application industry within the Technology sector.
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GSE Systems, Inc. (GVP)
About GSE Systems, Inc.
GSE Systems, Inc. provides professional and technical engineering, staffing services, and simulation software to the power and process industries in the United States, Asia, Europe, and internationally. It operates in two segments, Performance Improvement Solutions and Workforce Solutions. The Performance Improvement Solutions segment provides various simulation products, engineering services, and operation training systems for the nuclear, fossil fuel power generation, and process industries. The Workforce Solutions segment supports project lifecycles and provides specialized and skilled talent for energy and engineering industries, which include reactor operations instructors, procedure writers, project managers, engineers, work management specialists, planners, and training material developers. It markets its products and services through a network of direct sales staff, agents and representatives, and strategic alliance partners. The company was founded in 1971 and is headquartered in Columbia, Maryland.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 45.04M | 47.73M | 55.18M | 57.62M | 82.98M | 92.25M | 70.88M | 53.10M | 56.80M | 37.93M | 47.56M | 52.25M | 51.13M | 47.21M | 40.06M | 29.00M | 31.90M | 27.50M | 21.95M | 29.51M | 25.02M | 43.12M | 50.33M | 55.72M | 66.70M | 73.80M | 79.70M | 96.00M | 85.30M |
| Cost of Revenue | 33.11M | 35.82M | 43.33M | 42.84M | 62.68M | 69.12M | 52.34M | 37.86M | 42.41M | 26.55M | 34.98M | 34.51M | 34.78M | 36.08M | 29.74M | 21.19M | 22.22M | 19.60M | 18.60M | 22.72M | 19.18M | 31.80M | 36.38M | 38.64M | 39.83M | 48.10M | 57.20M | 63.00M | 56.90M |
| Gross Profit | 11.93M | 11.91M | 11.86M | 14.79M | 20.30M | 23.13M | 18.54M | 15.24M | 14.40M | 11.38M | 12.58M | 17.74M | 16.35M | 11.13M | 10.32M | 7.82M | 9.68M | 7.90M | 3.35M | 6.80M | 5.84M | 11.32M | 13.95M | 17.08M | 26.87M | 25.70M | 22.50M | 33.00M | 28.40M |
| Gross Profit Ratio | 26.49% | 24.95% | 21.49% | 25.66% | 24.46% | 25.07% | 26.16% | 28.71% | 25.35% | 30.00% | 26.45% | 33.95% | 31.97% | 23.58% | 25.77% | 26.95% | 30.35% | 28.73% | 15.25% | 23.04% | 23.36% | 26.24% | 27.72% | 30.66% | 40.29% | 34.82% | 28.23% | 34.38% | 33.29% |
| Research & Development | 572.00K | 611.00K | 626.00K | 686.00K | 710.00K | 899.00K | 1.39M | 1.38M | 3.10M | 3.45M | 4.32M | 1.80M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 11.54M | 16.07M | 13.35M | 14.73M | 12.39M | 16.31M | 14.00M | 11.33M | 14.22M | 17.57M | 9.44M | 14.87M | 0.00 | 0.00 | 0.00 | 0.00 | 7.21M | 5.61M | 7.64M | 6.52M | 6.44M | 12.30M | 10.86M | 17.85M | 22.65M | 20.30M | 27.30M | 24.10M | 0.00 |
| Selling & Marketing | 4.55M | 958.00K | 1.56M | 1.03M | 3.78M | 1.16M | 1.47M | 1.17M | 4.66M | 5.90M | 6.40M | 6.80M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 16.09M | 17.03M | 14.91M | 15.77M | 16.17M | 17.47M | 15.47M | 12.51M | 14.22M | 17.57M | 15.84M | 14.87M | 12.67M | 11.68M | 7.75M | 7.38M | 7.21M | 5.61M | 7.64M | 6.52M | 6.44M | 12.30M | 10.86M | 17.85M | 22.65M | 20.30M | 27.30M | 24.10M | 19.70M |
| Other Expenses | 2.08M | 1.17M | 1.50M | 2.27M | 2.41M | 29.00K | -4.00K | 130.00K | -146.00K | 1.00K | -67.00K | -175.00K | 0.00 | 681.00K | 2.01M | 446.00K | 258.00K | 186.00K | 431.00K | 280.00K | 392.00K | 540.00K | 1.38M | 3.88M | 3.48M | 3.50M | 3.50M | 2.70M | 2.60M |
| Operating Expenses | 18.75M | 18.81M | 17.03M | 18.72M | 19.29M | 20.50M | 17.54M | 13.18M | 15.20M | 18.31M | 16.61M | 15.74M | 14.12M | 12.36M | 9.76M | 7.83M | 7.47M | 5.80M | 8.07M | 6.80M | 6.84M | 12.84M | 12.23M | 21.74M | 26.13M | 23.80M | 30.80M | 26.80M | 22.30M |
| Cost & Expenses | 51.86M | 54.64M | 60.36M | 61.56M | 81.96M | 89.61M | 69.87M | 51.04M | 57.61M | 44.86M | 51.59M | 50.25M | 48.90M | 48.45M | 39.50M | 29.02M | 29.69M | 25.40M | 26.68M | 29.51M | 26.01M | 44.64M | 48.61M | 60.37M | 65.96M | 71.90M | 88.00M | 89.80M | 79.20M |
| Interest Income | 0.00 | 1.27M | 159.00K | 672.00K | 1.04M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 105.00K | 162.00K | 0.00 | 19.00K | 0.00 | 130.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 1.93M | 1.27M | 159.00K | 623.00K | 988.00K | 268.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 433.00K | 764.00K | 416.00K | 176.00K | 504.00K | 277.00K | 886.00K | 687.00K | 0.00 | 400.00K | 0.00 | 400.00K | 1.00M |
| Depreciation & Amortization | 1.02M | 1.51M | 1.87M | 2.61M | 3.13M | 2.63M | 1.15M | 1.08M | 987.00K | 738.00K | 1.32M | 1.58M | 1.31M | 1.66M | 987.00K | 862.00K | 1.11M | 697.00K | 1.12M | 678.00K | 731.00K | 2.42M | 3.39M | 3.88M | 3.48M | 3.50M | 3.50M | 2.70M | 2.60M |
| EBITDA | -5.76M | -12.51M | 12.79M | -6.95M | -2.24M | 3.68M | 1.55M | 2.94M | 1.03M | -5.59M | -3.26M | 3.58M | 2.23M | 427.00K | 1.11M | 708.00K | 2.21M | 1.26M | -3.61M | 364.00K | -260.00K | -2.69M | 168.00K | -773.00K | 4.23M | 5.42M | -4.79M | 8.90M | 8.70M |
| EBITDA Ratio | -12.78% | -12.19% | 23.93% | -2.90% | 13.87% | 6.92% | 3.33% | 6.11% | 6.25% | -16.87% | 7.69% | 7.08% | 7.18% | 2.66% | 5.11% | 5.27% | 12.20% | 15.74% | -18.69% | 1.23% | 0.05% | 8.45% | 12.00% | 0.29% | 6.27% | 6.10% | -3.14% | 10.10% | 9.73% |
| Operating Income | -6.82M | -6.90M | 11.71M | -3.94M | 9.10M | 1.37M | 229.00K | 1.58M | -4.14M | -6.93M | -10.67M | 2.00M | 2.23M | -1.23M | 563.00K | -12.00K | 2.21M | 2.10M | -4.73M | 2.00K | -991.00K | -1.53M | 1.72M | -4.66M | 744.00K | 1.90M | -8.30M | 6.20M | 6.10M |
| Operating Income Ratio | -15.14% | -14.46% | 21.22% | -6.84% | 10.97% | 1.48% | 0.32% | 2.97% | -7.28% | -18.27% | -22.43% | 3.82% | 4.36% | -2.61% | 1.41% | -0.04% | 6.93% | 7.64% | -21.54% | 0.01% | -3.96% | -3.54% | 3.41% | -8.36% | 1.12% | 2.57% | -10.41% | 6.46% | 7.15% |
| Total Other Income/Expenses | -1.88M | -886.00K | 16.74M | -644.00K | 1.07M | -589.00K | 175.00K | 197.00K | -98.00K | 353.00K | 303.00K | -134.00K | 135.00K | -811.00K | -443.00K | -549.00K | -999.00K | -2.30M | 81.00K | 140.00K | -777.00K | -1.83M | -27.00K | -1.62M | -410.00K | 500.00K | -3.11M | -1.40M | -700.00K |
| Income Before Tax | -8.70M | -15.29M | 10.77M | -10.18M | -6.00M | 777.00K | 404.00K | 1.77M | -4.23M | -6.58M | -10.37M | 1.86M | 2.36M | -2.04M | 120.00K | -561.00K | 1.21M | -197.00K | -4.65M | 142.00K | -1.77M | -4.55M | -94.00K | -6.28M | 334.00K | 2.40M | -11.40M | 4.80M | 5.40M |
| Income Before Tax Ratio | -19.32% | -32.04% | 19.52% | -17.67% | -7.23% | 0.84% | 0.57% | 3.34% | -7.45% | -17.34% | -21.79% | 3.57% | 4.62% | -4.33% | 0.30% | -1.93% | 3.80% | -0.72% | -21.17% | 0.48% | -7.07% | -10.56% | -0.19% | -11.27% | 0.50% | 3.25% | -14.30% | 5.00% | 6.33% |
| Income Tax Expense | 22.00K | 51.00K | 163.00K | 355.00K | -1.08M | 1.13M | -4.98M | 350.00K | 471.00K | 166.00K | 146.00K | 689.00K | -438.00K | 206.00K | 917.00K | 129.00K | 43.00K | 149.00K | 149.00K | 60.00K | 93.00K | 1.39M | -353.00K | 2.54M | 233.00K | 1.00M | -2.70M | 700.00K | 1.90M |
| Net Income | -8.72M | -15.34M | 10.61M | -10.54M | -4.92M | -354.00K | 5.38M | 1.42M | -4.71M | -6.74M | -10.51M | 1.17M | 2.80M | -2.25M | -797.00K | -690.00K | 1.17M | -346.00K | -4.80M | 118.00K | -3.53M | -5.94M | 259.00K | -8.81M | 101.00K | 1.40M | -8.70M | 4.10M | 3.50M |
| Net Income Ratio | -19.37% | -32.14% | 19.22% | -18.29% | -5.92% | -0.38% | 7.60% | 2.68% | -8.28% | -17.77% | -22.10% | 2.25% | 5.48% | -4.76% | -1.99% | -2.38% | 3.66% | -1.26% | -21.85% | 0.40% | -14.12% | -13.78% | 0.51% | -15.82% | 0.15% | 1.90% | -10.92% | 4.27% | 4.10% |
| EPS | -3.51 | -7.18 | 5.11 | -5.16 | -2.45 | -0.18 | 3.40 | 0.78 | -2.63 | -3.77 | -5.80 | 0.64 | 1.50 | -0.12 | -0.05 | -0.04 | 0.09 | -0.04 | -0.53 | 0.01 | -0.54 | -1.01 | 0.05 | -1.70 | 0.02 | 0.28 | -1.72 | 0.82 | 0.91 |
| EPS Diluted | -3.51 | -7.18 | 5.11 | -5.16 | -2.45 | -0.18 | 3.30 | 0.78 | -2.63 | -3.77 | -5.79 | 0.60 | 1.50 | -0.12 | -0.05 | -0.04 | 0.08 | -0.04 | -0.53 | 0.01 | -0.54 | -1.01 | 0.05 | -1.70 | 0.02 | 0.27 | -1.72 | 0.82 | 0.91 |
| Weighted Avg Shares Out | 2.49M | 2.14M | 2.08M | 2.04M | 2.01M | 1.97M | 1.96M | 1.82M | 1.79M | 1.79M | 1.81M | 1.96M | 1.90M | 18.98M | 16.94M | 15.75M | 12.44M | 8.93M | 9.05M | 10.15M | 6.52M | 5.88M | 5.18M | 5.18M | 5.05M | 5.00M | 5.06M | 5.07M | 3.85M |
| Weighted Avg Shares Out (Dil) | 2.49M | 2.14M | 2.08M | 2.04M | 2.01M | 1.97M | 1.99M | 1.85M | 1.79M | 1.79M | 1.82M | 1.85M | 1.91M | 18.98M | 16.94M | 15.75M | 14.00M | 8.93M | 9.05M | 10.15M | 6.52M | 5.88M | 5.18M | 5.18M | 5.05M | 5.19M | 5.06M | 5.09M | 3.85M |
GSE Wins Recent Simulation Awards Worth $4 Million
COLUMBIA, Md. , Aug. 14, 2023 /PRNewswire/ -- GSE Solutions ("GSE Systems, Inc." or "GSE") (Nasdaq: GVP), a leader in advanced engineering and workforce solutions that supports the future of clean-energy production and decarbonization initiatives for the nuclear power industry, today announced...
GSE Solutions Schedules Release of Second Quarter Fiscal 2023 Financial Results and Conference Call
COLUMBIA, Md. , Aug. 8, 2023 /PRNewswire/ -- GSE Solutions ("GSE Systems, Inc." or "GSE") (Nasdaq: GVP), a leader in advanced engineering and workforce solutions that supports the future of clean-energy production and decarbonization initiatives of the nuclear power industry, today announced...
GSE Solutions Awarded $1.1 Million in In-Service Inspection and In-Service Testing Service Contracts
COLUMBIA, Md. , Aug. 7, 2023 /PRNewswire/ -- GSE Systems, Inc. ("GSE Solutions" or "GSE" or the "Company") (Nasdaq: GVP), a leader in advanced engineering services and workforce solutions that support the future of clean-energy production and decarbonization initiatives of the nuclear...
GSE Solutions Wins $1.5M Contract to Provide Engineering Services and Staffing Support to US Uranium Enrichment Provider
COLUMBIA, Md. , July 17, 2023 /PRNewswire/ -- GSE Solutions ("GSE Systems, Inc." or "GSE") (Nasdaq: GVP), a leader in advanced engineering and workforce solutions that supports the future of clean-energy production and decarbonization initiatives of the nuclear power industry, today...
GSE Announces Follow-On Financing with The Lind Partners
Financing includes upfront funding of $1.5 million to enhance liquidity COLUMBIA, Md. , June 26, 2023 /PRNewswire/ -- GSE Solutions ("GSE Systems, Inc." or "GSE") (Nasdaq: GVP), a leader in advanced engineering and workforce solutions that supports the future of clean-energy...
Utilities Service Alliance Selects GSE Solutions as a Specialty Engineer of Choice (EOC)
COLUMBIA, Md. , June 20, 2023 /PRNewswire/ -- GSE Solutions ("GSE Systems, Inc." or "GSE") (Nasdaq: GVP), a leader in advanced engineering and workforce solutions that supports the future of clean-energy production and decarbonization initiatives for the nuclear power industry, today announced...
Concerned Shareholder of GSE Systems Urges All Shareholders to Vote NO at GSE Systems, Inc. Annual Meeting
Upcoming vote is crucial to company's future MIAMI, FL / ACCESSWIRE / June 7, 2023 / Silverback United, Inc., a subsidiary of Spear Point Capital Management, LLC, is a shareholder of GSE Systems, Inc. (the "Company" or "GSE"). Silverback released...
GSE Engineering Shows Positive Momentum with Over $1M in Recent New Nuclear Programs Service & Support Wins
COLUMBIA, Md. , May 25, 2023 /PRNewswire/ -- GSE Solutions ("GSE Systems, Inc." or "GSE") (Nasdaq: GVP), a leader in advanced engineering and workforce solutions that supports the future of clean-energy production and decarbonization initiatives for the nuclear power industry, today announced...
GSE Systems, Inc. (GVP) Q1 2023 Earnings Call Transcript
GSE Systems, Inc. (NASDAQ:GVP ) Q1 2023 Earnings Conference Call May 15, 2023 4:30 PM ET Company Participants Adam Lowensteiner – Lytham Partners Kyle Loudermilk – President and Chief Executive Officer Emmett Pepe – Chief Financial Officer Conference Call Participants...
GSE Systems, Inc. (GVP) Reports Q1 Loss, Misses Revenue Estimates
GSE Systems, Inc. (GVP) came out with a quarterly loss of $0.13 per share versus the Zacks Consensus Estimate of a loss of $0.07. This compares to loss of $0.10 per share a year ago.
Source: https://incomestatements.info
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