Annuncio • May 15
GEE Group Inc. to Report Q2, 2026 Results on May 15, 2026 GEE Group Inc. announced that they will report Q2, 2026 results on May 15, 2026 Annuncio • May 07
Star Equity Holdings, Inc. (NasdaqGS:STRR) proposed to acquire remaining 94.57% stake in GEE Group Inc. (NYSEAM:JOB) for $31.2 million. Star Equity Holdings, Inc. (NasdaqGS:STRR) proposed to acquire remaining 94.57% stake in GEE Group Inc. (NYSEAM:JOB) for $31.2 million on May 6, 2026. The STRRP to JOB exchange ratio shall be 0.03 to 1.00, meaning Star will pay JOB shareholders 0.03 shares of STRRP for each share of JOB owned. Gee Group expects to fund the transaction with preferred equity securities. The purchase price represents an approximate 33% premium over GEE Group’s closing stock price of $0.2254 on April 30, 2026.
The transaction is subject to satisfactory completion of due diligence, negotiation, and execution of the definitive agreement and related documents, and the satisfaction of customary conditions, and representations set forth in the definitive agreement. Annuncio • May 02
Star Equity Fund, LP Issues Press Release to GEE Group Inc On April 29, 2026, Star Equity Fund announced that it has issued a press release calling on GEE Group's Management and the Company's board of directors to negotiate revised employment agreements for CEO Derek Dewan, CFO Kim Thorpe, and COO Alex Stuckey removing the value-destroying, excessive severance and the exceptionally anti-shareholder change in control (CIC) provisions. In addition, Star Equity Fund articulated its belief that the CIC provisions are not only excessive but actively impede the Board's ability to run a clean, competitive, and value maximizing sales process. Star Equity Fund also added that it called for the Board to work to remove all impediments to running a robust sale process. Star Equity Fund concluded the April 29th Press Release, declaring that they remain ready to constructively engage with the Board to help maximize value for all stockholders. Annuncio • Mar 05
Star Equity Fund, LP Issues Press Release to GEE Group Inc On March 3, 2026, Star Equity Fund announced that it has issued a press release calling on GEE Group Inc's board of directors to immediately retain an independent qualified investment bank to conduct a thorough and competitive sales process that maximizes value for all shareholders, noting that such retention is an appropriate step in assuring the Board exercises its fiduciary duties to properly consider the multiple unsolicited offers the Company has stated it has received. Star Equity Fund stated that it has also called for the Board to have the hired independent investment bank report to the Board's M&A Committee, rather than Company management or other members of the Board whose interest may conflict with stockholders' interests and took note of the Company's failed review of strategic alternatives, steep revenue declines, and underperformance, and called for the Board to consider all credible proposals to run a "competitive" sale process, and sell the Company to the highest bidder. Reported Earnings • Feb 15
First quarter 2026 earnings released: US$0.001 loss per share (vs US$0.006 loss in 1Q 2025) First quarter 2026 results: US$0.001 loss per share (improved from US$0.006 loss in 1Q 2025). Revenue: US$20.5m (down 15% from 1Q 2025). Net loss: US$150.0k (loss narrowed 78% from 1Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 76 percentage points per year, which is a significant difference in performance. Annuncio • Feb 12
GEE Group Inc. to Report Q1, 2026 Results on Feb 12, 2026 GEE Group Inc. announced that they will report Q1, 2026 results After-Market on Feb 12, 2026 Annuncio • Jan 23
Star Equity Issues Statement on GEE Group’s Lack of Engagement On January 22, 2026, Star Equity Holdings, Inc announced that it has sent a letter to GEE Group, Inc. suggesting the 2 companies begin discussions on a potential merger, subject to executing an NDA and further due diligence, and despite multiple attempts Star Equity has not received even an acknowledgment from the Company. In addition, Star Equity argues that the Company is too small to remain an independent public company, it believes a merger would cut high SG&A and public company costs and criticized Company’s history of poor acquisitions and discourage further buying, stating Company should be a seller, not a buyer. Further, the Star Equity stated that the Company’s FY 2025 revenue fell to $96.5M, a 41.6% drop from FY 2022, Company’s recorded $58.8M in losses over two years, including significant goodwill impairments from overpaying on acquisitions, and CEO Derek Dewan indicated he prefers acquisitions over share buybacks, despite high acquisition multiples that could destroy value. Furthermore, Star Equity stated that a combination would reduce overlapping public-company and corporate overhead costs, improve operational focus, leverage Star Equity’s experience in professional services and investments, and create collaboration opportunities with Star Equity’s leadership. Star Equity urged the Company’s board to begin discussions and consider the merger for the benefit of Company shareholders, it emphasizes that Company’s current strategy is failing and that a merger would provide a more stable and value-enhancing path forward. Reported Earnings • Dec 18
Full year 2025 earnings released: US$0.32 loss per share (vs US$0.22 loss in FY 2024) Full year 2025 results: US$0.32 loss per share (further deteriorated from US$0.22 loss in FY 2024). Revenue: US$96.5m (down 17% from FY 2024). Net loss: US$34.7m (loss widened 44% from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 81 percentage points per year, which is a significant difference in performance. Annuncio • Dec 16
GEE Group Inc. to Report Q4, 2025 Results on Dec 17, 2025 GEE Group Inc. announced that they will report Q4, 2025 results After-Market on Dec 17, 2025 Reported Earnings • Aug 14
Third quarter 2025 earnings released: US$0.004 loss per share (vs US$0.18 loss in 3Q 2024) Third quarter 2025 results: US$0.004 loss per share (improved from US$0.18 loss in 3Q 2024). Revenue: US$24.5m (down 17% from 3Q 2024). Net loss: US$401.0k (loss narrowed 98% from 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 85 percentage points per year, which is a significant difference in performance. Annuncio • Aug 11
GEE Group Inc. to Report Q3, 2025 Results on Aug 13, 2025 GEE Group Inc. announced that they will report Q3, 2025 results After-Market on Aug 13, 2025 Annuncio • Aug 06
GEE Group Inc., Annual General Meeting, Sep 04, 2025 GEE Group Inc., Annual General Meeting, Sep 04, 2025. Location: virtualmeeting format, United States Reported Earnings • May 15
Second quarter 2025 earnings released: US$0.30 loss per share (vs US$0.009 loss in 2Q 2024) Second quarter 2025 results: US$0.30 loss per share (further deteriorated from US$0.009 loss in 2Q 2024). Revenue: US$24.5m (down 13% from 2Q 2024). Net loss: US$33.0m (loss widened US$31.9m from 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 88 percentage points per year, which is a significant difference in performance. Annuncio • May 10
GEE Group Inc. to Report Q2, 2025 Results on May 14, 2025 GEE Group Inc. announced that they will report Q2, 2025 results After-Market on May 14, 2025 Reported Earnings • Feb 14
First quarter 2025 earnings released: US$0.006 loss per share (vs US$0.014 loss in 1Q 2024) First quarter 2025 results: US$0.006 loss per share (improved from US$0.014 loss in 1Q 2024). Revenue: US$26.0m (down 15% from 1Q 2024). Net loss: US$692.0k (loss narrowed 56% from 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 81 percentage points per year, which is a significant difference in performance. New Risk • Jan 13
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Market cap is less than US$100m (US$24.2m market cap). Annuncio • Jan 06
GEE Group Inc. (NYSEAM:JOB) acquired Hornet Staffing, Inc. GEE Group Inc. (NYSEAM:JOB) acquired Hornet Staffing, Inc. on January 3, 2025. Under the terms of the sale and purchase agreement, GEE Group acquired 100% of the Hornet common stock for consideration including cash and seller financing. Other terms of the transaction were not disclosed. Larry Bruce, Managing Director and Founder will continue in his current capacity at Hornet and join the GEE Group National Sales Team to work with and assist all of the Company's vertical leaders with new business development. The acquisition is expected to be accretive to earnings and generate solid adjusted earnings before interest, taxes, depreciation and amortization (adjusted EBITDA, a non-GAAP financial measure).
GEE Group Inc. (NYSEAM:JOB) completed the acquisition of Hornet Staffing, Inc. on January 3, 2025. Reported Earnings • Dec 20
Full year 2024 earnings released: US$0.22 loss per share (vs US$0.083 profit in FY 2023) Full year 2024 results: US$0.22 loss per share (down from US$0.083 profit in FY 2023). Revenue: US$116.5m (down 24% from FY 2023). Net loss: US$24.1m (down 356% from profit in FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 59 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 16
Third quarter 2024 earnings released: US$0.18 loss per share (vs US$0.069 profit in 3Q 2023) Third quarter 2024 results: US$0.18 loss per share (down from US$0.069 profit in 3Q 2023). Revenue: US$29.5m (down 23% from 3Q 2023). Net loss: US$19.3m (down 345% from profit in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Annuncio • Aug 13
GEE Group Inc., Annual General Meeting, Sep 05, 2024 GEE Group Inc., Annual General Meeting, Sep 05, 2024. Location: hyatt regency jacksonville, riverfront, 225 e. coastline dr., jacksonville, florida 32202, United States Annuncio • Aug 05
GEE Group Inc. to Report Q3, 2024 Results on Aug 14, 2024 GEE Group Inc. announced that they will report Q3, 2024 results After-Market on Aug 14, 2024 Reported Earnings • May 17
Second quarter 2024 earnings released: US$0.009 loss per share (vs US$0.006 profit in 2Q 2023) Second quarter 2024 results: US$0.009 loss per share (down from US$0.006 profit in 2Q 2023). Revenue: US$28.1m (down 28% from 2Q 2023). Net loss: US$1.01m (down 253% from profit in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings. Annuncio • Apr 23
GEE Group Inc. to Report Q2, 2024 Results on May 15, 2024 GEE Group Inc. announced that they will report Q2, 2024 results on May 15, 2024 Major Estimate Revision • Feb 20
Consensus EPS estimates fall by 67% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from US$145.5m to US$140.0m. EPS estimate also fell from US$0.03 per share to US$0.01 per share. Net income forecast to shrink 44% next year vs 17% growth forecast for Professional Services industry in the US . Consensus price target of US$2.00 unchanged from last update. Share price fell 6.5% to US$0.39 over the past week. Reported Earnings • Feb 14
First quarter 2024 earnings: EPS and revenues miss analyst expectations First quarter 2024 results: US$0.014 loss per share (down from US$0.006 profit in 1Q 2023). Revenue: US$30.6m (down 26% from 1Q 2023). Net loss: US$1.56m (down 338% from profit in 1Q 2023). Revenue missed analyst estimates by 15%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 9.3% p.a. on average during the next 2 years, compared to a 6.4% growth forecast for the Professional Services industry in the US. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 23 percentage points per year, which is a significant difference in performance. Annuncio • Feb 13
GEE Group Inc. to Report Q1, 2024 Results on Feb 14, 2024 GEE Group Inc. announced that they will report Q1, 2024 results on Feb 14, 2024 Major Estimate Revision • Dec 25
Consensus EPS estimates fall by 57% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from US$160.5m to US$145.5m. EPS estimate also fell from US$0.07 per share to US$0.03 per share. Net income forecast to shrink 59% next year vs 15% growth forecast for Professional Services industry in the US . Consensus price target of US$2.00 unchanged from last update. Share price fell 11% to US$0.48 over the past week. Reported Earnings • Dec 19
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: US$0.083 (down from US$0.17 in FY 2022). Revenue: US$152.4m (down 7.7% from FY 2022). Net income: US$9.42m (down 52% from FY 2022). Profit margin: 6.2% (down from 12% in FY 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 3.8%. Earnings per share (EPS) also missed analyst estimates by 20%. Revenue is forecast to grow 4.4% p.a. on average during the next 2 years, compared to a 6.4% growth forecast for the Professional Services industry in the US. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 49 percentage points per year, which is a significant difference in performance. Annuncio • Dec 09
GEE Group Inc. to Report Q4, 2023 Results on Dec 18, 2023 GEE Group Inc. announced that they will report Q4, 2023 results After-Market on Dec 18, 2023 Major Estimate Revision • Aug 21
Consensus EPS estimates increase by 150% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from US$0.04 to US$0.10. Revenue forecast steady at US$158.5m. Net income forecast to grow 32% next year vs 13% growth forecast for Professional Services industry in the US. Consensus price target of US$2.00 unchanged from last update. Share price rose 32% to US$0.57 over the past week. Annuncio • Aug 18
GEE Group Inc., Annual General Meeting, Sep 18, 2023 GEE Group Inc., Annual General Meeting, Sep 18, 2023, at 11:00 Central Daylight. Agenda: To elect three class i directors to the company’s board of directors (the “board”), each to serve until the 2026 annual meeting of shareholders or until their respective successor is elected and qualified; to ratify the appointment of forvis, llp (“forvis”) as the company’s independent registered public accounting firm for the fiscal year ending September 30, 2023; to conduct a non-binding advisory vote to approve the compensation paid to the company’s named executive officers; and to conduct a non-binding advisory vote to determine the frequency of the non-binding advisory vote on executive compensation. New Risk • Aug 17
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 29% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (5.3% net profit margin). Market cap is less than US$100m (US$60.4m market cap). Reported Earnings • Aug 15
Third quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2023 results: EPS: US$0.069 (up from US$0.023 in 3Q 2022). Revenue: US$38.2m (down 7.2% from 3Q 2022). Net income: US$7.88m (up 199% from 3Q 2022). Profit margin: 21% (up from 6.4% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 2.0%. Earnings per share (EPS) exceeded analyst estimates. Revenue is forecast to grow 3.5% p.a. on average during the next 2 years, compared to a 6.0% growth forecast for the Professional Services industry in the US. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 63 percentage points per year, which is a significant difference in performance. Annuncio • Aug 04
GEE Group Inc. to Report Q3, 2023 Results on Aug 14, 2023 GEE Group Inc. announced that they will report Q3, 2023 results After-Market on Aug 14, 2023 Major Estimate Revision • Jun 08
Consensus EPS estimates fall by 20% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from US$164.3m to US$159.3m. EPS estimate also fell from US$0.05 per share to US$0.04 per share. Net income forecast to grow 154% next year vs 9.0% growth forecast for Professional Services industry in the US. Consensus price target of US$2.00 unchanged from last update. Share price rose 17% to US$0.54 over the past week. Annuncio • May 31
Red Oak Partners Delivers a Letter to GEE Group On May 25, 2023, Red Oak Partners, LLC delivered a letter to GEE Group Inc. nominating a slate of 2 candidates, including David Sandberg and Anthony Y. Snow, for election to the Board at the 2023 annual meeting of stockholders. Red Oak Partners stated that it has also submitted certain business proposals that it intends to present at the annual meeting, including amendments to the Company’s Amended and Restated By-laws that would have the effect of (i) declassifying the Board and requiring any future amendment to the Bylaws to classify the Board to require the affirmative vote of the majority of the shares represented at the meeting and entitled to vote on the matter and (ii) separating the offices of Chairman of the Board and Chief Executive Officer so such offices shall not be held by the same person. Reported Earnings • May 16
Second quarter 2023 earnings released: EPS: US$0.006 (vs US$0.01 in 2Q 2022) Second quarter 2023 results: EPS: US$0.006 (down from US$0.01 in 2Q 2022). Revenue: US$38.9m (down 1.9% from 2Q 2022). Net income: US$658.0k (down 40% from 2Q 2022). Profit margin: 1.7% (down from 2.7% in 2Q 2022). Revenue is forecast to grow 3.9% p.a. on average during the next 2 years, compared to a 7.5% growth forecast for the Professional Services industry in the US. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings. Annuncio • May 11
GEE Group Inc. to Report Q2, 2023 Results on May 15, 2023 GEE Group Inc. announced that they will report Q2, 2023 results at 4:00 PM, US Eastern Standard Time on May 15, 2023 Board Change • Apr 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 3 highly experienced directors. Independent Director Matt Gormly was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Major Estimate Revision • Feb 23
Consensus EPS estimates fall by 17% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from US$0.06 to US$0.05 per share. Revenue forecast steady at US$164.6m. Net income forecast to grow 93% next year vs 3.3% growth forecast for Professional Services industry in the US. Consensus price target of US$2.00 unchanged from last update. Share price fell 10% to US$0.42 over the past week. Reported Earnings • Feb 16
First quarter 2023 earnings: EPS and revenues miss analyst expectations First quarter 2023 results: EPS: US$0.006 (down from US$0.15 in 1Q 2022). Revenue: US$41.1m (down 4.0% from 1Q 2022). Net income: US$654.0k (down 96% from 1Q 2022). Profit margin: 1.6% (down from 39% in 1Q 2022). Revenue missed analyst estimates by 2.9%. Earnings per share (EPS) also missed analyst estimates by 50%. Revenue is forecast to grow 3.1% p.a. on average during the next 2 years, compared to a 5.9% growth forecast for the Professional Services industry in the US. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Annuncio • Feb 14
GEE Group Inc. to Report Q1, 2023 Results on Feb 14, 2023 GEE Group Inc. announced that they will report Q1, 2023 results After-Market on Feb 14, 2023 Major Estimate Revision • Dec 27
Consensus EPS estimates fall by 33% The consensus outlook for earnings per share (EPS) in 2023 has deteriorated. 2023 revenue forecast decreased from US$175.9m to US$165.8m. EPS estimate also fell from US$0.09 per share to US$0.06 per share. Net income forecast to shrink 64% next year vs 4.0% growth forecast for Professional Services industry in the US . Consensus price target of US$2.00 unchanged from last update. Share price fell 20% to US$0.52 over the past week. Reported Earnings • Dec 21
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: US$0.17 (up from US$0 in FY 2021). Revenue: US$165.1m (up 11% from FY 2021). Net income: US$19.6m (up US$19.6m from FY 2021). Profit margin: 12% (up from 0% in FY 2021). Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) also missed analyst estimates by 15%. Revenue is forecast to grow 5.6% p.a. on average during the next 2 years, compared to a 5.8% growth forecast for the Professional Services industry in the US. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Price Target Changed • Nov 16
Price target increased to US$2.00 Up from US$1.75, the current price target is provided by 1 analyst. New target price is 176% above last closing price of US$0.72. Stock is up 52% over the past year. The company is forecast to post earnings per share of US$0.20 for next year compared to US$0.000099 last year. Reported Earnings • Aug 16
Third quarter 2022 earnings: EPS and revenues exceed analyst expectations Third quarter 2022 results: EPS: US$0.023 (up from US$0.01 loss in 3Q 2021). Revenue: US$41.1m (up 8.0% from 3Q 2021). Net income: US$2.63m (up US$3.57m from 3Q 2021). Profit margin: 6.4% (up from net loss in 3Q 2021). Revenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) also surpassed analyst estimates by 100%. Over the next year, revenue is forecast to grow 4.8%, compared to a 7.0% growth forecast for the Professional Services industry in the US. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 17
Second quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat Second quarter 2022 results: EPS: US$0.01 (up from US$0.098 loss in 2Q 2021). Revenue: US$39.6m (up 14% from 2Q 2021). Net income: US$1.09m (up US$2.82m from 2Q 2021). Profit margin: 2.7% (up from net loss in 2Q 2021). Revenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) were mostly in line with analyst estimates. Over the next year, revenue is forecast to grow 5.0%, compared to a 7.9% growth forecast for the industry in the US. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Price Target Changed • Apr 27
Price target increased to US$2.00 Up from US$1.75, the current price target is provided by 1 analyst. New target price is 229% above last closing price of US$0.61. Stock is down 5.8% over the past year. The company is forecast to post earnings per share of US$0.18 for next year compared to US$0.000099 last year. Reported Earnings • Feb 15
First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2022 results: EPS: US$0.15 (up from US$0.018 loss in 1Q 2021). Revenue: US$42.8m (up 24% from 1Q 2021). Net income: US$16.7m (up US$17.0m from 1Q 2021). Profit margin: 39% (up from net loss in 1Q 2021). Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) also surpassed analyst estimates. Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has fallen by 26% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 18
Third quarter 2021 earnings released The company reported a mediocre third quarter result with weaker earnings and weaker control over costs, although revenues improved. Third quarter 2021 results: Revenue: US$38.1m (up 43% from 3Q 2020). Net loss: US$937.0k (down 103% from profit in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has fallen by 42% per year, which means it is significantly lagging earnings. Reported Earnings • May 19
Second quarter 2021 earnings released: US$0.098 loss per share (vs US$0.38 loss in 2Q 2020) The company reported a solid second quarter result with reduced losses and improved control over expenses, although revenues were flat. Second quarter 2021 results: Revenue: US$34.7m (flat on 2Q 2020). Net loss: US$1.74m (loss narrowed 68% from 2Q 2020). Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has fallen by 42% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Mar 12
Investor sentiment improved over the past week After last week's 22% share price gain to US$1.81, the stock is trading at a trailing P/E ratio of 2.2x, up from the previous P/E ratio of 1.8x. This compares to an average P/E of 27x in the Professional Services industry in the US. Total return to shareholders over the past three years is a loss of 32%. Is New 90 Day High Low • Feb 25
New 90-day high: US$1.90 The company is up 88% from its price of US$1.01 on 25 November 2020. The American market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Professional Services industry, which is up 4.0% over the same period. Major Estimate Revision • Feb 23
Analysts increase EPS estimates to -US$0.36 The 2021 consensus revenue estimate increased from US$129.5m to US$138.5m. Analysts raised their EPS forecasts from -US$0.76 to -US$0.36 in 2021. The Professional Services industry in the US is expected to see an average net income growth of 14% next year. The consensus price target increased from US$1.75 to US$2.75. Share price is up 13% to US$1.83 over the past week. Reported Earnings • Feb 18
First quarter 2021 earnings released: US$0.018 loss per share (vs US$0.27 loss in 1Q 2020) The company reported a decent first quarter result with reduced losses and improved control over expenses, although revenues were weaker. First quarter 2021 results: Revenue: US$34.6m (down 7.8% from 1Q 2020). Net loss: US$315.0k (loss narrowed 91% from 1Q 2020). Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Analyst Estimate Surprise Post Earnings • Feb 18
Revenue beats expectations, earnings disappoint Revenue exceeded analyst estimates by 11%. Earnings per share (EPS) missed analyst estimates by 91%. Over the next year, revenue is forecast to grow 11%, compared to a 9.2% growth forecast for the Professional Services industry in the US. Is New 90 Day High Low • Feb 06
New 90-day high: US$1.45 The company is up 59% from its price of US$0.91 on 06 November 2020. The American market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Professional Services industry, which is up 8.0% over the same period. Valuation Update With 7 Day Price Move • Feb 06
Investor sentiment improved over the past week After last week's 28% share price gain to US$1.45, the stock is trading at a trailing P/E ratio of 2.2x, up from the previous P/E ratio of 1.7x. This compares to an average P/E of 27x in the Professional Services industry in the US. Total return to shareholders over the past three years is a loss of 47%. Valuation Update With 7 Day Price Move • Jan 15
Investor sentiment improved over the past week After last week's 31% share price gain to US$1.40, the stock is trading at a trailing P/E ratio of 2.1x, up from the previous P/E ratio of 1.6x. This compares to an average P/E of 25x in the Professional Services industry in the US. Total return to shareholders over the past three years is a loss of 48%. Is New 90 Day High Low • Jan 14
New 90-day high: US$1.25 The company is up 11% from its price of US$1.13 on 15 October 2020. The American market is up 12% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Professional Services industry, which is up 9.0% over the same period. Major Estimate Revision • Jan 05
Analysts update estimates The 2021 consensus revenue estimate increased from US$115.8m to US$129.5m. Earning per share (EPS) estimate was further reduced from -US$0.44 to -US$0.76 for the same period. The Professional Services industry in the US is expected to see an average net income growth of 12% next year. The consensus price target of US$1.75 was unchanged from the last update. Share price is down by 6.7% to US$0.97 over the past week. Reported Earnings • Dec 31
Full year 2020 earnings released: EPS US$0.67 The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: US$129.8m (down 14% from FY 2019). Net income: US$10.1m (up US$27.9m from FY 2019). Profit margin: 7.8% (up from net loss in FY 2019). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 27% per year, which means it is significantly lagging earnings. Analyst Estimate Surprise Post Earnings • Dec 31
Revenue and earnings beat expectations Revenue exceeded analyst estimates by 3.5%. Earnings per share (EPS) also surpassed analyst estimates. Over the next year, revenue is forecast to stay flat compared to a 8.8% growth forecast for the Professional Services industry in the US. Is New 90 Day High Low • Nov 04
New 90-day low: US$0.86 The company is down 47% from its price of US$1.62 on 06 August 2020. The American market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Professional Services industry, which is up 1.0% over the same period.