GSE Systems, Inc. (GVP)

GSE Systems Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	44.79	45.04	47.73	55.18	57.62	82.98
Revenue Growth (YoY)	-2.58%	-5.64%	-13.50%	-4.23%	-30.56%	-10.05%
Cost of Revenue	31.58	33.11	35.82	43.33	42.84	62.68
Gross Profit	13.21	11.93	11.91	11.86	14.79	20.3
Selling, General & Admin	15.08	16.09	17.03	14.91	15.29	16.63
Research & Development	0.58	0.57	0.61	0.63	0.69	0.71
Operating Expenses	16.26	17.36	18.81	17.03	18.25	20.1
Operating Income	-3.05	-5.43	-6.9	-5.17	-3.46	0.2
Interest Expense	-1.6	-1.93	-1.27	-0.16	-0.67	-1.05
Currency Exchange Gain (Loss)	-31	-	-	-	-	-
Other Non Operating Income (Expenses)	30.15	0.05	0.29	-0.39	0.03	0.09
EBT Excluding Unusual Items	-5.49	-7.31	-7.88	-5.72	-4.11	-0.76
Merger & Restructuring Charges	-0.06	-	-	-0.8	-1.3	-3.22
Impairment of Goodwill	-1.39	-1.39	-7.51	-0	-	-5.6
Asset Writedown	-	-	-	-	-4.3	-
Legal Settlements	-	-	-	-	-0.48	2.03
Other Unusual Items	-	-	0.09	17.29	-	1.2
Pretax Income	-6.95	-8.7	-15.29	10.77	-10.18	-6.35
Income Tax Expense	0.18	0.02	0.05	0.16	0.36	5.73
Net Income	-7.12	-8.72	-15.34	10.61	-10.54	-12.09
Net Income to Common	-7.12	-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 (YoY)	28.53%	16.40%	2.90%	1.58%	1.88%	1.81%
EPS (Basic)	-2.45	-3.51	-7.18	5.11	-5.16	-6.02
EPS (Diluted)	-2.45	-3.51	-7.18	5.10	-5.20	-6.02
Free Cash Flow	2.38	1.39	0.5	-0.66	1.11	3.87
Free Cash Flow Per Share	0.82	0.56	0.23	-0.32	0.54	1.93
Gross Margin	29.49%	26.49%	24.95%	21.49%	25.66%	24.46%
Operating Margin	-6.80%	-12.05%	-14.46%	-9.37%	-6.01%	0.24%
Profit Margin	-15.90%	-19.37%	-32.14%	19.22%	-18.29%	-14.56%
Free Cash Flow Margin	5.31%	3.09%	1.05%	-1.19%	1.92%	4.67%
EBITDA	-2.46	-4.73	-5.73	-3.68	-1.19	2.96
EBITDA Margin	-5.48%	-10.51%	-12.00%	-6.66%	-2.06%	3.57%
D&A For EBITDA	0.59	0.69	1.17	1.5	2.27	2.76
EBIT	-3.05	-5.43	-6.9	-5.17	-3.46	0.2
EBIT Margin	-6.80%	-12.05%	-14.46%	-9.37%	-6.01%	0.24%
Effective Tax Rate	-	-	-	1.51%	-	-

Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q