GSE Systems (GVP) Reports Q2 Loss of $0.08/Share
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GSE Systems Announces 2015 Second Quarter Financial Results
August 13, 2015 4:01 PM EDTQ2 2015 OVERVIEW
Revenue of $13.6 million in Q2 2015, including $5.4 million of revenue from the acquisition of Hyperspring, LLC, completed in November 2014, compared to $8.3 million in Q2 2014. Operating loss of $1.3 million in Q2 2015 compared to $2.0 million in Q2 2014. Operating loss for Q2 2015 includes a loss of $513,000 from the change in fair value of contingent consideration related to acquisitions as compared to a loss of $20,000 from the change in fair value of contingent consideration related to acquisitions in Q2 2014. Net loss of $1.5 million, or $0.08 per diluted share, compared to a net loss... More