GSE Systems (GVP) Reports Q2 EPS of $0.05

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Go back to GSE Systems (GVP) Reports Q2 EPS of $0.05

GSE Systems Announces Second Quarter 2018 Financial Results

August 14, 2018 4:05 PM EDT

COLUMBIA, Md.--(BUSINESS WIRE)-- GSE Systems, Inc. (GSE or the Company) (Nasdaq: GVP), a leading provider of professional and technical engineering, staffing services and simulation software to clients in the power and process industries, today announced financial results for the second quarter (Q2) ended June 30, 2018.

Q2 2018 vs. Q2 2017 OVERVIEW

Revenue increased 44% to $24.7 million from $17.1 million. Gross profit rose 26% to $6.3 million from $5.0 million. Net income increased 19% to $1.0 million, or $0.05 per diluted share, compared to $0.8 million, or $0.04 per diluted share.... More