GSE Systems (GVP) Reports Q4 EPS of $0.05
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GSE Systems Announces 2015 Fourth Quarter Financial Results
March 15, 2016 4:15 PM EDTQ4 2015 OVERVIEW
Revenue increased by 12% to $14.2 million from $12.7 million in Q4 2014. Gross profit rose by 29% to $4.5 million, or 31.4%Â of revenue, from $3.5 million, or 27.3% of revenue, in Q4 2014. Selling, general and administrative expenses declined by 27%, a $1.2 million improvement from Q4 2014. Operating income totaled $1.0 million, a significant turnaround compared to an operating loss of $1.5 million in Q4 2014 and GSEs first quarter of positive operating income since Q3 2012. Adjusted EBITDA increased to $1.5 million, versus an adjusted EBITDA loss of $0.7 million... More