GSE Systems (GVP) Reports Q2 EPS of $0.05
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GSE Systems Announces Second Quarter 2016 Financial Results
August 15, 2016 4:05 PM EDTQ2 2016 OVERVIEW
Revenue totaled $12.4 million, compared to $13.7 million in Q2 2015. Gross profit rose 24% to $3.6 million, or 29% of revenue, from $2.9 million, or 21% of revenue, in Q2 2015. Selling, general & administrative decreased 27% to $2.9 million, or 23% of revenue, from $4.0 million, or 29% of revenue, in Q2 2015. EBITDA totaled $0.4 million, up from an EBITDA loss of $1.2 million in Q2 2015. Adjusted EBITDA increased to $1.1 million from an adjusted EBITDA loss of $0.5 million in Q2 2015. Net income equaled $0.1 million, or $0.01 per diluted... More