GEE Group Q1 fiscal 2024 revenue down 26% to $30.6M; net loss $1.6M

GEE Group Inc.

2024-Q1 EPS reported -$0.01 revenue$30,631,000

Revenue fell 26% YoY to $30.6M, driven by macroeconomic weakness and IT sector layoffs.
Net loss of $(1.6)M ($0.01/diluted share) vs. net income of $0.7M a year ago.
Adjusted EBITDA was $(0.2)M, down from $2.0M in Q1 fiscal 2023.
Cash balance $19.9M, zero long-term debt; repurchased 6.1M shares under buyback program.
Management warns near-term results likely lower than fiscal 2023 due to persistent headwinds.

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 2024 first quarter ended December 31, 2023 results: revenue $30.6 million, net income $(1.6) million, or $(0.01) per diluted share, EPS $(0.01) per diluted share.

Period: fiscal 2024 first quarter ended December 31, 2023
Revenue: $30.6 million
Net income: $(1.6) million, or $(0.01) per diluted share
EPS: $(0.01) per diluted share
Result: reported results

Exact text from the filing

are rounded and represent approximations, accordingly. Fiscal 2024 First Quarter versus Fiscal 2023 First Quarter Highlights · Revenues for the fiscal 2024 first quarter were $30.6 million, down $10.5 million, or 26%, compared with the fiscal 2023 first quarter revenues of $41.1 million. The decrease in consolidated revenues was mainly attributable to the

View on SEC.gov

Browse all earnings releases →

GEE Group Inc. filing history →

Source: SEC EDGAR

accession 0001477932-24-000695

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.