GSE Systems Announces Second Quarter 2019 Financial Results

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Go back to GSE Systems Announces Second Quarter 2019 Financial Results

GSE Systems (GVP) Tops Q2 EPS by 3c, Revenues Beat

August 14, 2019 4:35 PM EDT

GSE Systems (NASDAQ: GVP) reported Q2 EPS of $0.05, $0.03 better than the analyst estimate of $0.02. Revenue for the quarter came in at $23.5 million versus the consensus estimate of $18.6 million.

Q2 2019 vs. Q2 2018 OVERVIEW

Revenue of $23.5 million, compared to $24.7 million.Gross profit of $5.9 million, compared to $6.3 million.Net loss of $(0.1) million, or $(0.01) per diluted share, compared to net income of $1.0 million, or $0.05 per diluted share.Adjusted net income1 of $1.0 million, or $0.05 per diluted share, compared to $2.5 million, or $0.13 per diluted share.Adjusted EBITDA1 of $1.9 million, compared to $2.4... More