GSE Systems (GVP) Reports Q4 Loss of $0.01 on Revenues of $22M

Note: EPS may not be comparable

GSE Systems (NYSE: GVP) reported Q4 EPS of ($0.01). Revenue for the quarter came in at $22 million, versus $0 reported last year.

Q4 2017 OVERVIEW

• Revenue increased 65.7% to $22.0 million from $13.3 million in Q4 2016, first full quarter post Absolute Consulting acquisition.
• Gross profit rose 8.7% to $5.2 million from $4.8 million in Q4 2016.
• Net income equaled $5.4 million, or $0.27 per diluted share, compared to $1.0 million, or $0.05 per diluted share, in Q4 2016.
• Adjusted net loss totaled $(0.1) million, or $(0.01) per diluted share, compared to adjusted net income of $1.9 million, or $0.10 per diluted share, in Q4 2016.
• Adjusted EBITDA totaled $1.8 million, compared to $2.2 million in Q4 2016.
• New orders rose to $17.9 million from $16.7 million in Q4 2016.

For earnings history and earnings-related data on GSE Systems (GVP) click here.

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