GSE Systems (GVP) Reports Q1 EPS of $0.01
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GSE Systems Announces First Quarter 2016 Financial Results
May 16, 2016 4:05 PM EDTQ1 2016 OVERVIEW
Revenue totaled $13.0 million, compared to $14.0 million in Q1 2015. Gross profit rose 10% to $3.6 million, or 27.9% of revenue, from $3.3 million, or 23.5% of revenue, in Q1 2015. EBITDA totaled $0.4 million, up from an EBITDA loss of $0.2 million in Q1 2015. Adjusted EBITDA increased to $0.8 million from approximately breakeven adjusted EBITDA in Q1 2015. Net income equaled $0.1 million, or $0.01 per diluted share, compared to a net loss of $0.5 million, or $(0.03) per diluted share, in Q1 2015. Backlog expanded significantly with the sale of three full scope... More