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GSE Systems (GSE Systems) Net Income : $-8.72 Mil (TTM As of Dec. 2023)


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What is GSE Systems Net Income?

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax. GSE Systems's Net Income for the three months ended in Dec. 2023 was $-2.25 Mil. Its Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was $-8.72 Mil.

Net Income is linked to the most popular Earnings per Share (Diluted) number. GSE Systems's Earnings per Share (Diluted) for the three months ended in Dec. 2023 was $-0.82.


GSE Systems Net Income Historical Data

The historical data trend for GSE Systems's Net Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

GSE Systems Net Income Chart

GSE Systems Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only -12.09 -10.54 10.61 -15.34 -8.72

GSE Systems Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Net Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -1.52 -2.95 -1.50 -2.02 -2.25

GSE Systems Net Income Calculation

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax.

Net Income
= Revenue - Cost of Goods Sold - Selling, General, & Admin. Expense - Research & Development - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= EBITDA - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Operating Income - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Pre-Tax Income - Tax Expense + Others

GSE Systems's Net Income for the fiscal year that ended in Dec. 2023 is calculated as

Net Income(A: Dec. 2023 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=-8.702+-0.022+0+0
=-8.72

GSE Systems's Net Income for the quarter that ended in Dec. 2023 is calculated as

Net Income(Q: Dec. 2023 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=-2.15+-0.103+0+0
=-2.25

Net Income for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-8.72 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


GSE Systems  (NAS:GVP) Net Income Explanation

Net Income is the most widely cited number in reporting a company's profitability. It is linked to the most popular earnings-per-share (EPS) number through:

GSE Systems's Earnings per Share (Diluted) (EPS) for the quarter that ended in Dec. 2023 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

EPS is most useful for companies that have:

A predictable business
Consistent accounting methods
And few restructurings

The dividend paid to preferred stocks needs to be subtracted from the total net income in the calculation of EPS because common stock holders are not entitled to that part of the net income.


Be Aware

Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred Net Income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.

Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.

If net earnings is less than 10%, likely to be in a highly competitive business.


GSE Systems Net Income Related Terms

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GSE Systems (GSE Systems) Business Description

Traded in Other Exchanges
N/A
Address
6940 Columbia Gateway Dr., Suite 470, Columbia, MD, USA, 21046
GSE Systems Inc is a company engaged in providing engineering, staffing, and simulation software to clients in the power and process industries. It is also into providing interactive computer-based tutorials and simulation software for the refining, chemical, and petrochemical industries. It functions through two segments: Engineering segment and Workforce Solutions segment. Its geographical segments include the United States, Europe, and Asia, out of which the majority of the revenue is generated from the United States.
Executives
Dougherty Iii Thomas James director GSE SYSTEMS, INC, 6940 COLUMBIA GATEWAY DRIVE, SUITE 470, COLUMBIA MD 21046
Kathryn O'connor director GSE SYSTEMS, INC, 1332 LONDONTOWN BLVD SUITE 200, SYKESVILLE MD 21784
Corey William S. Jr. director C/O STEWART INFORMATION SERVICES CORP., 1360 POST OAK BLVD., SUITE 100 MC-14-1, HOUSTON TX 77056
Bahram Meyssami officer: Chief Technology Officer C/O GSE SYSTEMS, INC., 1332 LON, SYKESVILLE MD 21784
Emmett Anthony Pepe officer: Chief Financial Officer 1515 JUDD COURT, HERNDON VA 20170
Donald Horn officer: President, GSE Engineering GSE SYSTEMS INC, 6940 COLUMBIA GATEWAY DRIVE, SUITE 470, COLUMBIA MD 21046-3308
Daniel Warren Pugh officer: Chief Legal and Risk Officer C/O GSE SYSTEMS, INC., 1332 LONDONTOWN BLVD., SYKESVILLE MD 21784
Ravi Khanna officer: SVP Professional Services GSE SYSTEMS, INC., 1332 LONDONTOWN BLVD, SYKESVILLE MD 21784
Kyle Justin Loudermilk director, officer: President & CEO 3525 WOODBINE STREET, CHEVY CHASE MD 20815
Brian Greene officer: VP, GSE Workforce Solutions GSE SYSTEMS INC, 1332 LONDONTOWN BLVD, SYKESVILLE MD 21784
Ngp Energy Technology Partners Ii, L.p. 10 percent owner 1700 K STREET N.W., SUITE 750, WASHINGTON DC 20006
Energy Technology Partners, L.l.c. 10 percent owner 1700 K STREET NW, SUITE 750, WASHINGTON DC 20006
Philip J Deutch 10 percent owner PERSEUS 2000 LLC, 2099 PENNSYLVANIA AVUE NW STE 900, WASHINGTON DC 20006
Suresh Sundaram director C/O EXA CORPORATION, 55 NETWORK DRIVE, BURLINGTON MA 01803
Polar Asset Management Partners Inc. 10 percent owner 16 YORK STREET SUITE 2900, TORONTO A6 M5J 0E6