secwatch.observer — SEC 8-K summary
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Issuer:     GEE Group Inc. (JOB)
CIK:        0000040570
Form:       8-K
Filed at:   2025-05-14T23:59:59+00:00
Accession:  0001477932-25-003695
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

GEE Group Q2 FY2025: net loss $33M, revenue $24.5M, goodwill impairment $22M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/40570/000147793225003695/0001477932-25-003695-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/40570/000147793225003695/job_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-25-003695

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