Market Overview

GSE Systems: Q2 Earnings Insights

Share:

Shares of GSE Systems (NASDAQ:GVP) decreased 5.16% in after-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share fell 160.00% year over year to ($0.03), which were in line with the estimate of ($0.03).

Revenue of $14,340,000 declined by 38.87% from the same period last year, which missed the estimate of $18,400,000.

Outlook

GSE Systems hasn't issued any earnings guidance for the time being.

GSE Systems hasn't issued any revenue guidance for the time being.

Conference Call Details

Date: Aug 19, 2020

Time: 04:30 PM

ET Webcast URL: https://78449.themediaframe.com/dataconf/productusers/gvp/mediaframe/40287/indexl.html

Technicals

52-week high: $2.02

52-week low: $0.86

Price action over last quarter: down 3.23%

Company Description

GSE Systems Inc is a United States-based company engaged in the providing of engineering, expert staffing, and simulation software to clients in the power and process industries. It is also into providing interactive computer-based tutorials and simulation software for the refining, chemical, and petrochemical industries. It functions through two segments: Performance Improvement Solutions segment that is associated with developing simulation applications for both training and engineering needs and the Nuclear Industry Training and Consulting segment provides specialized workforce solutions primarily to the nuclear industry. Its geographical segments include the United States, Europe, and Asia, out of which the majority of the revenue is generated from the United States.

 

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Posted-In: Earnings