GSE Systems Q1 revenue $11.3M (+3.8% YoY), net loss narrows to $2.0M; appoints new CEO Ravi Khanna

GSE SYSTEMS INC

2024-Q1 EPS reported -$0.63 revenue$11,283,000

Revenue $11.3M, +3.8% YoY; gross profit margin 28.5% (22.0% Q1 2023, 25.5% Q4 2023).
Net loss $(2.0)M ($0.63/share) vs $(3.0)M ($1.29) in Q1 2023; adjusted net loss $(1.1)M ($0.35).
Orders $14.6M, down 24% YoY from $19.1M; backlog $37.7M at March 31, 2024.
Ravi Khanna appointed President and CEO; Damian DeLongchamp appointed COO subsequent to quarter-end.
Awarded $0.8M order for 24-month fuel cycle extension engineering services.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.96

GSE SYSTEMS INC reported first quarter ended March 31, 2024 results: revenue $11.3 million, net income $(2.0) million, EPS $(0.63) per basic and diluted share.

Period: first quarter ended March 31, 2024
Revenue: $11.3 million
Net income: $(2.0) million
EPS: $(0.63) per basic and diluted share
Result: reported results

Exact text from the filing

of the power industry, today announced its financial results for the first quarter (“Q1”) ended March 31, 2024. Q1 2024 Highlights • The Company reports revenue in Q1 2024 of $11.3 million, up 3.8% from $10.9 million in Q1 2023 and up 10.5% from $10.2 million in Q4 2023. • Engineering revenue reported 26% increase in Q1 2024 to $8.7 million, up from $6.9 million in

View on SEC.gov

1047 earnings releases filed in the last 30 days. Browse all earnings releases →

Source: SEC EDGAR

accession 0001140361-24-026236

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.