GSE Systems, Inc. (OQ:GVP)
Business Focus: IT Services & Consulting
| Sector: Technology | Industry: IT Services & Consulting |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 6940 Columbia Gateway Drive, Suite 470 COLUMBIA MD 21046-3308 |
| Tel: | 1-646-8299702 |
| Website: | https://www.gses.com |
| IR: | See website |
| Key People | ||
| Kyle Justin Loudermilk President, Chief Executive Officer, Director | Emmett Anthony Pepe Chief Financial Officer, Treasurer | Bahram Meyssami Chief Technology Officer |
| Daniel W. Pugh Chief Legal and Risk Officer, Secretary | Raymond A. Hruby Vice President - Sales | |
| Business Overview |
| GSE Systems, Inc. is a provider of engineering services and technology, staffing, and simulation software to clients in the power and process industries. Its segments include Engineering and Workforce Solutions. Engineering segment primarily encompasses its power plant high-fidelity simulation solutions, technical engineering services for American Society of Mechanical Engineers programs, power plant thermal performance optimization, and interactive computer-based tutorials/simulation focused on the process industry. It also includes various simulation products, engineering consulting services, and operation training systems delivered across the industries its serves primarily in the nuclear, fossil fuel power generation and the process industries. The Workforce Solutions segment provides specialized, technical talent and specialty services throughout the energy, engineering, and adjacent industries including construction, government, infrastructure, environmental, and manufacturing. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, GSE Systems, Inc. revenues decreased 6% to $45M. Net loss decreased 43% to $8.7M. Revenues reflect Workforce Solutions segment decrease of 26% to $13.3M, United States segment decrease of 6% to $44M, Asia segment decrease of 10% to $1M. Lower net loss reflects Workforce Solutions segment loss decrease of 62% to $3M, Engineering segment loss decrease of 41% to $3.8M. |
| Employees: | 218 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $7.72M as of Dec 31, 2023 |
| Annual revenue (TTM): | $45.04M as of Dec 31, 2023 |
| EBITDA (TTM): | -$3.40M as of Dec 31, 2023 |
| Net annual income (TTM): | -$8.72M as of Dec 31, 2023 |
| Free cash flow (TTM): | $0.89M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 3,239,355 as of Mar 31, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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