GSE Systems, Inc. (GVP)

GSE Systems Income Statement

Financials in millions USD. Fiscal year is January - December.

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	45.45	45.04	47.73	55.18	57.62	82.98
Revenue Growth (YoY)	-1.90%	-5.64%	-13.50%	-4.23%	-30.56%	-10.05%
Cost of Revenue	32.7	33.11	35.82	43.33	42.84	62.68
Gross Profit	12.75	11.93	11.91	11.86	14.79	20.3
Selling, General & Admin	15.66	16.09	17.03	14.91	15.77	16.17
Research & Development	0.62	0.57	0.61	0.63	0.69	0.71
Other Operating Expenses	2.03	2.08	8.68	2.3	7.87	10.84
Operating Expenses	18.32	18.75	26.32	17.83	24.32	27.72
Operating Income	-5.57	-6.82	-14.41	-5.97	-9.54	-7.42
Interest Expense / Income	2.11	1.93	1.27	0.16	0.62	0.99
Other Expense / Income	-0.01	-0.05	-0.39	-16.9	0.02	-2.06
Pretax Income	-7.66	-8.7	-15.29	10.77	-10.18	-6.35
Income Tax	0.1	0.02	0.05	0.16	0.36	5.73
Net Income	-7.77	-8.72	-15.34	10.61	-10.54	-12.09
Shares Outstanding (Basic)	3	2	2	2	2	2
Shares Outstanding (Diluted)	3	2	2	2	2	2
Shares Change	37.30%	16.40%	2.90%	1.58%	1.88%	1.81%
EPS (Basic)	-2.86	-3.51	-7.18	5.10	-5.20	-6.00
EPS (Diluted)	-2.86	-3.51	-7.18	5.10	-5.20	-6.00
Free Cash Flow	1.37	0.89	0.12	-0.93	0.79	3.49
Free Cash Flow Per Share	0.44	0.36	0.06	-0.45	0.39	1.74
Gross Margin	28.05%	26.49%	24.95%	21.49%	25.66%	24.46%
Operating Margin	-12.24%	-15.14%	-30.18%	-10.83%	-16.55%	-8.94%
Profit Margin	-17.08%	-19.37%	-32.14%	19.22%	-18.29%	-14.56%
Free Cash Flow Margin	3.02%	1.98%	0.25%	-1.68%	1.37%	4.21%
Effective Tax Rate	-	-	-	1.51%	-	-
EBITDA	-4.58	-5.76	-12.51	12.79	-6.95	-2.24
EBITDA Margin	-10.07%	-12.78%	-26.21%	23.18%	-12.06%	-2.69%
Depreciation & Amortization	0.98	1.02	1.51	1.87	2.61	3.13
EBIT	-5.56	-6.77	-14.02	10.93	-9.56	-5.36
EBIT Margin	-12.23%	-15.03%	-29.37%	19.81%	-16.59%	-6.46%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).