GEE Group FY2023 revenue down 8% to $152.4M; adj net income up 45%; engages advisor for strategic review

GEE Group Inc.

Revenue $152.4M (-8% YoY); Q4 revenue $34.3M (-18% YoY).
GAAP net income $9.4M ($0.08/dil share) vs $19.6M ($0.17) in FY2022.
Adjusted net income $11.1M ($0.10/dil share), up 45% YoY; adjusted EBITDA $7.0M, down 44%.
Cash $22.5M, zero debt; share repurchases of 5.8M shares at avg $0.56 thru Dec 15.
Engaged investment bank to evaluate strategic alternatives; management cautiously optimistic for FY2024.

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 fourth quarter and year ended September 30, 2023 results: revenue $34.3 million, net income $0.2 million, or $0.00 per diluted share.

Period: fiscal fourth quarter and year ended September 30, 2023
Revenue: $34.3 million
Net income: $0.2 million, or $0.00 per diluted share
Result: reported results

Exact text from the filing

30, 2023 were $152.4 million, down $12.7 million, or 8%, compared with fiscal 2022 revenues of $165.1 million. Revenues for the fourth quarter ended September 30, 2023 were $34.3 million, down $7.2 million, or 18%, compared with fiscal fourth quarter 2022 revenues of $41.5 million. · Gross profit for the fiscal year ended September 30, 2023 was $52.9 million,

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Earnings Releases SEC 8-K Item 2.02 confidence 0.99

GEE Group Inc. reported fiscal year ended September 30, 2023 results: revenue $152.4 million, net income $9.4 million, or $0.08 per diluted share.

Period: fiscal year ended September 30, 2023
Revenue: $152.4 million
Net income: $9.4 million, or $0.08 per diluted share
Result: reported results

Exact text from the filing

amounts, and are rounded and represent approximations, accordingly. Fiscal 2023 Full Year and Q4 Highlights · Revenues for the fiscal year ended September 30, 2023 were $152.4 million, down $12.7 million, or 8%, compared with fiscal 2022 revenues of $165.1 million. Revenues for the fourth quarter ended September 30, 2023 were $34.3 million, down $7.2 million,

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GEE Group Inc. filing history →

Source: SEC EDGAR

accession 0001477932-23-009224

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