GSE Systems (GVP) Tops Q4 EPS by 4c
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GSE Systems Announces Fourth Quarter and Full Year 2018 Financial Results
March 14, 2019 4:10 PM EDTCOLUMBIA, Md.--(BUSINESS WIRE)-- GSE Systems, Inc. (GSE or the Company) (Nasdaq: GVP), a leading provider of engineering, expert staffing, and simulation software to clients in the power and process industries, today announced its financial results for the fourth quarter (Q4) and fiscal year ended December 31, 2018.
FISCAL YEAR 2018 OVERVIEW
Acquired True North Consulting LLC, on May 11, 2018. Revenue expanded 30.1% to $92.2 million, from $70.9 million in 2017. Gross profit increased 24.7% to $23.1 million from $18.5 million in 2017. Operating income increased 496.5% to $1.4 million from $0.2 million in... More