Tag Archives: Jim Eberle

GSE Systems, Inc. to Present at Roth Capital Partners 25th Annual OC Growth Conference

By Business Wirevia The Motley Fool

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GSE Systems, Inc. to Present at Roth Capital Partners 25
th Annual OC Growth Conference

SYKESVILLE, Md.–(BUSINESS WIRE)– GSE Systems, Inc. (“GSE“) (NYSE MKT: GVP), a global energy services solutions provider, today announced that Jim Eberle, GSE‘s Chief Executive Officer, is scheduled to present at the Roth Capital Partners 25th Annual ROTH Conference on Wednesday, March 20, 2013 at 10:00 am PT / 1:00 pm ET. The event will be held at The Ritz Carlton in Dana Point, CA. A live webcast of the presentation will be available at http://wsw.com/webcast/roth27/gvp/.

About GSE Systems, Inc.

GSE Systems, Inc. is a world leader in real-time high-fidelity simulation, providing a wide range of simulation, training and engineering solutions to the energy and process industries. Its comprehensive and modular solutions help customers achieve performance excellence in design, training and operations. GSE‘s products and services are tailored to meet specific client requirements such as scope, budget and timeline. The Company has over four decades of experience, more than 1,100 installations, and hundreds of customers in over 50 countries spanning the globe. GSE Systems is headquartered in Sykesville (Baltimore), Maryland, with offices in St. Marys, Georgia; Madison, New Jersey; Cary, North Carolina; Chennai, India; Nyköping, Sweden; Stockton-on-Tees, UK; Glasgow, UK; and Beijing, China. Information about GSE Systems is available at www.gses.com.

FORWARD LOOKING STATEMENTS

We make statements in this press release that are considered forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. These statements reflect our current expectations concerning future events and results. We use words such as “expect,” “intend,” “believe,” “may,” “will,” “should,” “could,” “anticipates,” and similar expressions to identify forward-looking statements, but their absence does not mean a statement is not forward-looking. These statements are not guarantees of our future performance and are subject to risks, uncertainties, and other important factors that could cause our actual performance or achievements to be materially different from those we project. For a full discussion of these risks, uncertainties, and factors, we encourage you to read our documents on file with the Securities and Exchange Commission, including those set forth in our periodic reports under the …read more
Source: FULL ARTICLE at DailyFinance

GSE Systems Announces 2012 Fourth Quarter and Full Year Financial Results

By Business Wirevia The Motley Fool

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GSE Systems Announces 2012 Fourth Quarter and Full Year Financial Results


Q4 2012 OVERVIEW

  • Revenue of $12.7 million compared to $15.0 million in Q4 2011
  • Gross profit of $4.3 million, or 33.9%, compared to $4.5 million, 30.0%, in Q4 2011
  • SG&A rose $1.5 million from Q4 2011, reflecting investments in IT infrastructure, sales and marketing initiatives, and changes in the fair value of contingent consideration for acquisitions.
  • Net loss of $0.3 million, or $0.02 per diluted share, compared to a net income of $1.2 million, or $0.06 per diluted share, in Q4 2011


At December 31, 2012:

  • Total cash and equivalents of $22.4 million, or $1.22 per diluted share
  • Working capital of $29.8 million
  • $0 long-term debt
  • Backlog of $51.9 million

SYKESVILLE, Md.–(BUSINESS WIRE)– GSE Systems, Inc. (“GSE” or “the Company”) (NYSE MKT: GVP), a global energy services solutions provider, today announced financial results for the fourth quarter and year ended December 31, 2012.

Jim Eberle, Chief Executive Officer of GSE, commented, “Although gross profit improved as a percentage of revenue in Q4 2012 and we received a $9.1 million change order from our Slovakian customer, we incurred a loss in the quarter due to numerous factors, including lower total revenues, investments in various sales and marketing initiatives and a new global ERP system, and changes in the fair value of contingent consideration related to prior year acquisitions.

“Our financial position remained strong at year-end, with cash and equivalents of $22.4 million, or $1.22 per diluted share, and no long-term debt. Net cash provided …read more
Source: FULL ARTICLE at DailyFinance