GEE Group reports Q2 FY2022 revenue $39.6M (+14% YoY); net income $0.01 diluted EPS

GEE Group Inc.

2022-Q2 EPS reported $0.15 revenue$82,476,000

Revenue $39.6M, up 14% YoY; contract staffing $33.7M (85% of rev), direct hire $5.9M (15%).
Net income $1.1M ($0.01 diluted EPS) vs net loss of $1.7M in prior-year quarter.
Adjusted EBITDA $3.4M, +69% YoY; free cash flow $2.0M.
Cash $14.2M; ABL availability $14.1M; received PPP loan forgiveness of $16.8M in H1.
Goodwill impairment charge of $2.2M recorded in fiscal Q1 2022.

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