GEE Group Q1 revenue $41.1M (-4% YoY); net income $0.7M, adjusted EBITDA $2.0M

GEE Group Inc.

2023-Q1 EPS reported $0.01 revenue$41,148,000

Revenue $41.1M, down 4% YoY; professional IT contract services revenue grew 15% YoY.
Net income $0.7M ($0.01 diluted) vs $16.7M (includes $16.8M PPP forgiveness gain).
Adjusted net income $1.1M ($0.01 diluted); adjusted EBITDA $2.0M, down from $3.9M.
Cash $18.5M, zero long-term debt; net working capital $28.5M; current ratio 3.6.
Management cites cautious optimism for FY2023, focusing on tuck-in acquisitions and price increases.

item 2.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

GEE Group Inc. reported fiscal 2023 first quarter ended December 31, 2022 results: revenue $41.1 million, net income $0.7 million, EPS $0.01 per diluted share.

Period: fiscal 2023 first quarter ended December 31, 2022
Revenue: $41.1 million
Net income: $0.7 million
EPS: $0.01 per diluted share
Result: reported results

Exact text from the filing

and are rounded and represent approximations, accordingly. Fiscal 2023 First Quarter versus Fiscal 2022 First Quarter Highlights · Revenue for the fiscal 2023 first quarter was $41.1 million, down $1.7 million, or 4%, compared with the fiscal 2022 first quarter revenue of $42.8 million. Revenue for the prior fiscal 2022 first quarter included professional contract

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Source: SEC EDGAR

accession 0001477932-23-001044

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