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GSE Systems (GVP)
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GSE Systems Income Statement 2023-2008 | GVP
Brief overview of financial performance at GSE Systems
The figures are compared over a five-year interval. The revenue attributed to GSE Systems moved from $92.2 million to $45 million between the two endpoints. Overall revenue changed by −51.2%, equal to an annualized rate of about −13.4%. The negative rate indicates weakening core operations.
The gross result shifted from 23.1 million dollars to 11.9 million dollars, or −48.4%. The relationship between revenue and direct costs remained stable. At the margin level, the figure shifted from 25.1% to 26.5%. The economics of the core business remained steady.
The operating result measured by EBITDA moved from $1.9 million to −$6.6 million, or −452.6%. Operating performance weakened relative to revenue. At the operating-margin level, the figure shifted from 2% to −14.7%. The margin contraction indicates weaker operating efficiency.
The final result was −354 thousand dollars initially and −8.7 million dollars in the final year. Profitability deteriorated further over the five years.
What the figures show
The results contain several connected negative signals. The constructive conclusion rests on improving gross profitability. The most visible risks are declining net profitability, limited revenue growth and a low EBITDA margin. Investors should continue to monitor margins, costs, and earnings quality.
Annual Income Statement GSE Systems
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap |
6.64 M | 1.45 M | 35.5 M | 27 M | 33.1 M | 41.4 M | 62.6 M | 63.8 M | 42.9 M | 28.4 M | 29 M | 39.7 M | 37 M | - | - | - |
Shares |
2.49 M | 2.14 M | 20.8 M | 20.4 M | 20.1 M | 19.7 M | 19.3 M | 18.2 M | 17.9 M | 17.9 M | 18.2 M | 18.4 M | 19 M | 19 M | - | - |
Historical Prices |
2.67 | 0.68 | 1.71 | 1.32 | 1.65 | 2.1 | 3.25 | 3.5 | 2.4 | 1.59 | 1.6 | 2.16 | 1.95 | - | - | - |
Net Income |
-8.72 M | -15.3 M | 10.6 M | -10.5 M | -12.1 M | -354 K | 6.56 M | 1.42 M | -4.7 M | -7.33 M | -10.5 M | -330 K | 2.8 M | -2.25 M | -797 K | - |
Revenue |
45 M | 47.7 M | 55.2 M | 57.6 M | 83 M | 92.2 M | 70.9 M | 53.1 M | 56.8 M | 37.5 M | 47.6 M | 51.1 M | 47.2 M | - | - | - |
Cost of Revenue |
33.1 M | 35.8 M | 43.3 M | 42.8 M | 62.7 M | 69.1 M | 52.3 M | 36.8 M | 42.4 M | 26.7 M | 35 M | 34.5 M | 34.8 M | 36.1 M | 29.7 M | - |
Gross Profit |
11.9 M | 11.9 M | 11.9 M | 14.8 M | 20.3 M | 23.1 M | 18.5 M | 16.3 M | 12.9 M | 10.8 M | 10.4 M | 17.7 M | 16.3 M | 11.1 M | 10.3 M | - |
Operating Income |
-6.82 M | -14.4 M | -5.97 M | -9.54 M | -7.42 M | 1.37 M | 229 K | 1.58 M | -4.14 M | -7.52 M | -10.7 M | -137 K | 2.23 M | -1.23 M | 563 K | - |
Interest Expense |
-802 K | -91 K | 16.9 M | -4 K | 2.07 M | 29 K | -4 K | 130 K | -146 K | 1 K | -67 K | -175 K | 72 K | 83 K | -397 K | - |
EBITDA |
-6.63 M | -14.1 M | -5.69 M | -9.21 M | -7.06 M | 1.88 M | 571 K | 1.96 M | -3.64 M | -6.97 M | -10.1 M | 425 K | 2.72 M | -1.81 M | 59 K | - |
Operating Expenses |
18.7 M | 26.3 M | 17.8 M | 24.3 M | 27.7 M | 21.8 M | 18.3 M | 14.7 M | 17 M | 18.3 M | 21.1 M | 15.7 M | 14.1 M | 12.4 M | 9.76 M | - |
General and Administrative Expenses |
16.1 M | 17 M | 14.9 M | 15.8 M | 16.2 M | 17.5 M | 15.5 M | 12.3 M | 12.7 M | 16.3 M | 15.8 M | 14.9 M | 12.7 M | -11.7 M | -7.75 M | - |
All numbers in USD currency
Quarterly Income Statement GSE Systems
| 2024-Q2 | 2024-Q1 | 2023-Q4 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Shares |
3.26 M | 3.15 M | 3.03 M | 2.48 M | 24.2 M | 22.9 M | 2.24 M | 21.3 M | 21 M | 21 M | 20.9 M | 20.9 M | 20.6 M | 20.6 M | 20.6 M | 20.6 M | 20.4 M | 20.3 M | 20.2 M | 20 M | 20 M | 20 M | 19.9 M | 19.8 M | 19.7 M | 19.6 M | 19.4 M | 19.4 M | 19.2 M | 19.2 M | 18.8 M | 18.7 M | 18.1 M | 17.9 M | 17.9 M | 17.9 M | 17.9 M | 17.9 M | 17.9 M | 17.9 M | 17.9 M | 17.9 M | 17.9 M | - | - | - | - | - | - | - | - | - | - | - |
Net Income |
-854 K | -1.99 M | - | -2.02 M | -1.5 M | -2.95 M | - | -8.99 M | -1.4 M | -3.43 M | - | 11.4 M | 3.23 M | -2.2 M | - | -661 K | -2.15 M | -6.26 M | - | -1.12 M | -125 K | -4.24 M | -354 K | -518 K | 981 K | -1.5 M | - | -605 K | 827 K | -266 K | - | 168 K | 111 K | 138 K | - | -3.56 M | -1.47 M | -544 K | - | -1.9 M | -1.99 M | -2.02 M | -162 K | -995 K | -8.2 M | -1.16 M | -330 K | 816 K | 158 K | 530 K | 1.17 M | 858 K | -244 K | 1.01 M |
Revenue |
11.7 M | 11.3 M | - | 11.6 M | 12.4 M | 10.9 M | - | 11.9 M | 12.7 M | 12.3 M | - | 14.7 M | 13.5 M | 13.1 M | - | 12.9 M | 14.3 M | 17.7 M | - | 20 M | 23.5 M | 22.2 M | 92.2 M | 21.8 M | 24.7 M | 22.9 M | - | 15.4 M | 17.1 M | 16.3 M | - | 14.4 M | 12.4 M | 13 M | - | 15 M | 13.6 M | 14 M | - | 7.82 M | 8.28 M | 8.72 M | - | -148 K | -96 K | -114 K | - | 27 K | -134 K | -62 K | - | 22 K | 25 K | -35 K |
Cost of Revenue |
8.05 M | 8.07 M | - | 7.85 M | 9.17 M | 8.48 M | - | 8.64 M | 9.57 M | 9.85 M | - | 11.5 M | 10.8 M | 10.2 M | - | 9.6 M | 10.8 M | 13.6 M | - | 15.4 M | 17.6 M | 17.5 M | - | 16.4 M | 18.4 M | 18 M | - | 11.2 M | 12.1 M | 12.2 M | - | 10.7 M | 8.86 M | 9.35 M | - | 11.2 M | 10.7 M | 10.8 M | - | 5.37 M | 5.63 M | 6.5 M | - | 8.81 M | 8.22 M | 9.3 M | - | 7.96 M | 8.71 M | 9.47 M | - | 7.93 M | 7.5 M | 8.85 M |
Gross Profit |
3.67 M | 3.22 M | - | 3.72 M | 3.22 M | 2.4 M | - | 3.26 M | 3.17 M | 2.43 M | - | 3.18 M | 2.69 M | 2.93 M | - | 3.32 M | 3.56 M | 4.12 M | - | 4.67 M | 5.87 M | 4.74 M | 23.1 M | 5.42 M | 6.34 M | 4.9 M | - | 4.22 M | 5.02 M | 4.12 M | - | 3.72 M | 3.56 M | 3.62 M | - | 2.26 M | 2.92 M | 3.22 M | - | 2.46 M | 2.65 M | 2.22 M | - | 3.07 M | 641 K | 3.08 M | - | 5.05 M | 4.47 M | 3.92 M | - | 4.62 M | 3.76 M | 3.48 M |
Operating Income |
289 K | -1.53 M | - | -1.81 M | -776 K | -2.78 M | - | -9.05 M | -1.72 M | -2.55 M | - | -579 K | -1.36 M | -2.19 M | - | -371 K | -1.85 M | -6.13 M | - | -263 K | 717 K | -5.99 M | - | -26 K | 680 K | -1.13 M | - | -632 K | 762 K | -57 K | - | 433 K | 227 K | 215 K | - | -3.39 M | -1.34 M | -396 K | - | -1.95 M | -1.98 M | -2.1 M | -492 K | -922 K | -7.96 M | -1.29 M | -137 K | 1.36 M | 560 K | 218 K | 1.29 M | 975 K | 248 K | -287 K |
Interest Expense |
-47 K | 54 K | - | -30 K | -98 K | 10 K | - | -2 K | -72 K | 16 K | - | 12.2 M | 4.64 M | 1 K | - | -77 K | 24 K | 29 K | - | 59 K | -19 K | 22 K | - | -5 K | 4 K | 25 K | - | 33 K | -34 K | -3 K | - | 15 K | -4 K | 102 K | - | -156 K | -41 K | -39 K | - | - | 3 K | -10 K | - | -49 K | 94 K | -105 K | - | -97 K | 93 K | 86 K | - | 31 K | -26 K | 65 K |
EBITDA |
339 K | -1.47 M | - | -1.77 M | -723 K | -2.74 M | - | -8.98 M | -1.65 M | -2.48 M | - | -510 K | -1.29 M | -2.11 M | - | -295 K | -1.78 M | -6.02 M | - | -156 K | 819 K | -5.9 M | - | 106 K | 856 K | -1.02 M | - | -553 K | 861 K | 19 K | - | 524 K | 329 K | 315 K | - | -3.27 M | -1.21 M | -267 K | - | -1.81 M | -1.84 M | -1.96 M | -492 K | -787 K | -7.82 M | -1.14 M | -137 K | 1.49 M | 422 K | 81 K | 1.29 M | 838 K | 145 K | -412 K |
Operating Expenses |
3.38 M | 4.75 M | - | 5.53 M | 3.99 M | 5.18 M | - | 12.3 M | 4.9 M | 4.98 M | - | 3.76 M | 4.05 M | 5.12 M | - | 3.69 M | 5.42 M | 10.2 M | - | 4.94 M | 5.15 M | 10.7 M | - | 5.45 M | 5.66 M | 6.03 M | - | 4.86 M | 4.26 M | 4.18 M | - | 3.29 M | 3.33 M | 3.41 M | - | 5.65 M | 4.26 M | 3.62 M | - | 4.4 M | 4.62 M | 4.32 M | - | 3.99 M | 8.61 M | 4.37 M | - | 3.69 M | 3.91 M | 3.7 M | - | 3.64 M | 3.51 M | 3.76 M |
General and Administrative Expenses |
3.07 M | 4.36 M | - | 4.3 M | 3.65 M | 4.79 M | - | 4.34 M | 4.41 M | 4.51 M | - | 3.26 M | 3.52 M | 3.73 M | - | 2.88 M | 4.72 M | 4.95 M | - | 3.46 M | 4.34 M | 4.42 M | - | 4.37 M | 4.79 M | 4.53 M | - | 4.37 M | 3.77 M | 3.59 M | - | 3.04 M | 2.88 M | 3.11 M | - | 3.81 M | 4 M | 3.37 M | - | 3.95 M | 4.45 M | 4.14 M | - | 3.81 M | 3.95 M | 4.16 M | - | 3.48 M | -3.69 M | -3.49 M | - | -3.3 M | -3.2 M | -3.42 M |
All numbers in USD currency
The income statement is one of the three key financial reports of a company GSE Systems (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:
- How much revenue the company earned
- How much it spent on production, personnel, marketing, taxes, etc.
- What profit remained in the end
Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.
Features- The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
- Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
- A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.
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