earnings
confidence high
sentiment negative
materiality 0.70
GEE Group Q2 FY2025: net loss $33M, revenue $24.5M, goodwill impairment $22M
GEE Group Inc.
2025-Q2 EPS
reported -$0.31
vs consensus $0.03
▼ miss
(-1123.1%)
- Net loss from continuing ops $33M ($0.30 dil EPS) vs $0.9M loss a year ago; includes $22M goodwill impairment and $9.9M deferred tax valuation allowance.
- Revenue $24.5M, down 4% YoY; contract staffing down 7%, direct hire up $0.5M to $3M.
- Adjusted EBITDA negative $0.6M, flat YoY; SG&A as % of revenue rose to 38%.
- Industrial segment classified as discontinued ops; acquired Hornet Staffing on Jan 3, 2025 to boost IT/professional staffing.
- Cash $18.7M, undrawn $7.4M ABL facility, no long-term debt; net tangible book value $0.23/share.