GSE Solutions Announces Third Quarter 2020 Financial Results

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GSE Systems (GVP) Tops Q3 EPS by 1c, Revenues Miss

November 16, 2020 4:19 PM EST

GSE Systems (NASDAQ: GVP) reported Q3 EPS of ($0.05), $0.01 better than the analyst estimate of ($0.06). Revenue for the quarter came in at $12.9 million versus the consensus estimate of $14.4 million.

Q3 2020 Financial Overview

Revenue of $12.9 million, compared to $20.0 million in Q3 2019Gross profit of $3.3 million, compared to $4.7 million in Q3 2019Net loss of $0.7 million or $(0.03) per basic and diluted share in Q3 2020, compared to a net loss of $1.2 million, or $(0.06) per basic and diluted share in... More