GSE Systems, Inc. (OQ:GVP)
Business Focus: IT Services & Consulting
| Sector: Technology | Industry: IT Services & Consulting |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 6940 Columbia Gateway Drive, Suite 470 COLUMBIA MD 21046-3308 |
| Tel: | 1-646-8299702 |
| Website: | https://www.gses.com |
| IR: | See website |
| Key People | ||
| Ravi Khanna President, Chief Executive Officer, Director | Emmett Anthony Pepe Chief Financial Officer, Treasurer | Damian Delongchamp Chief Operating Officer |
| Bahram Meyssami Chief Technology Officer | Daniel W. Pugh Chief Legal and Risk Officer, Secretary | Raymond A. Hruby Vice President - Sales |
| Business Overview |
| GSE Systems, Inc. is a provider of engineering services and technology, staffing, and simulation software to clients in the power and process industries. Its segments include Engineering and Workforce Solutions. Engineering segment primarily encompasses its power plant high-fidelity simulation solutions, technical engineering services for American Society of Mechanical Engineers programs, power plant thermal performance optimization, and interactive computer-based tutorials/simulation focused on the process industry. It also includes various simulation products, engineering consulting services, and operation training systems delivered across the industries its serves primarily in the nuclear, fossil fuel power generation and the process industries. The Workforce Solutions segment provides specialized, technical talent and specialty services throughout the energy, engineering, and adjacent industries including construction, government, infrastructure, environmental, and manufacturing. |
| Financial Overview |
| For the 13 weeks ended 31 March 2024, GSE Systems, Inc. revenues increased 4% to $11.3M. Net loss decreased 32% to $2M. Revenues reflect Engineering segment increase of 26% to $8.7M. Lower net loss reflects Engineering segment loss decrease of 42% to $1.4M, Workforce Solutions segment loss decrease of 63% to $132K. Basic Earnings per Share excluding Extraordinary Items increased from -$1.29 to -$0.63. |
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