GVP - GSE Systems Non-GAAP EPS of -$0.05 beats by $0.06 revenue of $10.82M misses by $1.12M
2023-03-30 16:50:10 ET
- GSE Systems press release ( NASDAQ: GVP ): Q4 Non-GAAP EPS of -$0.05 beats by $0.06 .
- Revenue of $10.82M (-22.0% Y/Y) misses by $1.12M .
- New orders in Q4 2022 increased 12% to approximately $11.4 million from Q3 2022, bolstered by $6.8 million in new orders for Workforce Solutions, or a 127% sequential increase from Q3 2022.
- Training and Consulting Services sales increased in Q4 of 2022 by 54% to $4.8 million when compared to $3.1 million in Q4 of 2021 and rose 6% compared to Q3 of 2022.
- Backlog at December 31, 2022, was $32.9 million, including $23.8 million of Engineering backlog, and $9.1 million of Workforce Solutions backlog.
- Ended Q4 with cash, cash equivalents and restricted cash of $4.4 million, including restricted cash of $1.6 million
For further details see:
GSE Systems Non-GAAP EPS of -$0.05 beats by $0.06, revenue of $10.82M misses by $1.12M