secwatch.observer — SEC 8-K summary
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Issuer:     GEE Group Inc. (JOB)
CIK:        0000040570
Form:       8-K
Filed at:   2024-08-14T23:59:59+00:00
Accession:  0001477932-24-004834
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

GEE Group reports Q3 FY2024 net loss $19.3M; revenue down 23% YoY; $20.5M impairment
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- Revenue $29.5M (-23% YoY); net loss $(19.3)M (diluted EPS $(0.18)) vs net income $7.9M a year ago.
- Non-cash impairment charge of $20.5M recorded in Q3; adjusted net loss $(3.8)M excluding impairment.
- Adjusted EBITDA negative $(0.4)M vs positive $2.1M in prior year; 9M adjusted EBITDA negative $(1.2)M.
- SG&A cost reduction plan: targeting $3.0M annual savings; $1.6M implemented, $1.4M more soon.
- Cash $19.6M, zero debt, $8.7M undrawn ABL; net tangible book value $0.36 per share.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/40570/000147793224004834/0001477932-24-004834-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/40570/000147793224004834/job_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-24-004834

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