GSE Systems Full Year 2023 Earnings: US$3.51 loss per share (vs US$7.18 loss in FY 2022)

GSE Systems (NASDAQ:GVP) Full Year 2023 Results

Key Financial Results

• Revenue: US$45.0m (down 5.6% from FY 2022).
• Net loss: US$8.72m (loss narrowed by 43% from FY 2022).
• US$3.51 loss per share (improved from US$7.18 loss in FY 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

The primary driver behind last 12 months revenue was the Engineering segment contributing a total revenue of US$31.8m (71% of total revenue). Notably, cost of sales worth US$33.1m amounted to 74% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to US$16.1m (78% of total expenses). Explore how GVP's revenue and expenses shape its earnings.

GSE Systems shares are up 12% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 4 warning signs for GSE Systems (3 make us uncomfortable) you should be aware of.

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