GSE Systems Company profile
About GSE Systems, Inc.
GSE Systems, Inc. (GSE) is a provider of engineering services and technology, staffing services and simulation software to clients in the power and process industries. The Company operates through two segments: Performance Improvement Solutions, and Nuclear Industry Training and Consulting. The Performance Solutions segment includes various simulation products, engineering services, and operation training systems delivered across the industries, including nuclear and fossil fuel power generation and the process industries. Its Nuclear Industry Training and Consulting provides skilled nuclear operations instructors, procedure writers, technical engineers, and other consultants to the nuclear power industry, working at clients' facilities. GSE's operations also include interactive software for tutorials and simulation for the refining, chemical, and petrochemical industries.
Financial summary
BRIEF: For the 39 weeks ended 30 September 2021, GSE Systems, Inc. revenues decreased 8% to $41.3M. Net income totaled $12.5M vs. loss of $9.1M. Revenues reflect Performance Improvement Solutions segment decrease of 16% to $21.3M. Net Income reflects Loss on impaiment segment loss decrease of 100% to $3K, Nuclear Industry Training and Consulting segment loss decrease of 47% to $1.1M.
Equity composition
Common Stock $.01 Par, 03/11, 30M auth., 19,224,031 issd., Insiders own 7.72% . Series A Cumulative Convertible Pref.Stock, $.01 Par, 2M auth., none issd.
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