secwatch.observer — SEC 8-K summary
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Issuer:     GEE Group Inc. (JOB)
CIK:        0000040570
Form:       8-K
Filed at:   2024-12-19T23:59:59+00:00
Accession:  0001477932-24-008214
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

GEE Group reports FY2024 net loss of $24.1M; revenue down 24% YoY to $116.5M
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- Q4 revenues $28.3M (-17% YoY); FY revenues $116.5M (-24% YoY) due to fewer job orders and macro weakness.
- FY net loss $24.1M ($0.22 diluted loss) vs prior year net income $9.4M ($0.08); includes non-cash impairment charges.
- Adjusted EBITDA for FY was negative $2.3M vs positive $7.0M in FY2023; cash balance $20.8M with zero debt.
- Direct hire revenues dropped 37% in FY to $12.2M; contract staffing down 22% to $104.3M.
- Gross margin fell to 32.3% from 34.7% in FY2023; SG&A as % of revenue rose to 35.7%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/40570/000147793224008214/0001477932-24-008214-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/40570/000147793224008214/job_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-24-008214

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