secwatch.observer — SEC 8-K summary
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Issuer:     GEE Group Inc. (JOB)
CIK:        0000040570
Form:       8-K
Filed at:   2022-02-15T23:59:59+00:00
Accession:  0001477932-22-000858
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

GEE Group Q1 revenue up 24% to $42.8M; GAAP net income $16.7M (PPP forgiveness) vs loss a year ago
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- Revenue $42.8M, up 24% YoY; contract staffing $36.7M, direct placement $6.2M.
- GAAP net income $16.7M ($0.14 diluted EPS) vs net loss $(315K) ($(0.02) EPS) a year ago; includes $16.7M PPP loan forgiveness gain.
- Adjusted EBITDA $3.9M vs $3.5M prior year; GAAP loss from operations $(27K) before $2.2M goodwill impairment and $509K severance.
- Balance sheet: cash $12M, net working capital $20.6M, shareholders' equity $97.6M, zero debt.
- CEO cites strong organic growth and momentum; expects continued demand for flexible labor.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/40570/000147793222000858/0001477932-22-000858-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/40570/000147793222000858/job_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-22-000858

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