{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-24-026236","form_type":"8-K","ticker":null,"cik":"0000944480","company_name":"GSE SYSTEMS INC","filed_at":"2024-05-15T23:59:59+00:00","discovered_at":"2026-05-14T18:03:22.567768+00:00","generated_at":"2026-06-02T00:05:52.087309+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"GSE Systems Q1 revenue $11.3M (+3.8% YoY), net loss narrows to $2.0M; appoints new CEO Ravi Khanna","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-24-026236","json":"https://secwatch.observer/filing/0001140361-24-026236.json","markdown":"https://secwatch.observer/filing/0001140361-24-026236.md","text":"https://secwatch.observer/filing/0001140361-24-026236.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/944480/000114036124026236/0001140361-24-026236-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/944480/000114036124026236/ef20029127_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T00:05:52.087309+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"19933a0c9a74c50138aab1ae89af59f312663417","claim":"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.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/944480/000114036124026236/0001140361-24-026236-index.htm","confidence":0.96,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended March 31, 2024"},{"label":"Revenue","value":"$11.3 million"},{"label":"Net income","value":"$(2.0) million"},{"label":"EPS","value":"$(0.63) per basic and diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}