Gse systems inc (GVP)
Income statement / Quarterly
Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Sep'10Jun'10
Revenue

20,031

23,458

22,194

22,855

21,801

24,698

22,895

-

15,409

17,125

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cost of revenue

15,358

17,591

17,458

16,384

16,380

18,358

17,997

-

11,185

12,108

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Revenue

-

-

-

-

-

-

-

-

-

-

16,342

-

14,428

12,415

12,976

-

14,809

13,654

14,013

12,713

7,823

8,276

8,724

12,262

11,883

11,034

12,383

12,665

13,009

13,183

13,389

14,998

12,549

11,257

12,322

11,904

11,773

Cost of revenue

-

-

-

-

-

-

-

-

-

-

12,220

8,206

10,430

8,855

9,352

9,706

11,214

10,767

10,719

9,247

5,368

5,629

6,500

8,649

8,811

8,219

9,302

8,366

7,960

8,713

9,470

10,503

7,931

7,500

8,847

9,503

8,125

Write-down of capitalized software development costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

1,538

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Write-down of capitalized software development costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Write-down of capitalized software development costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

2,174

-

-

0

0

-

-

-

-

-

-

-

Gross profit

4,673

5,867

4,736

6,471

5,421

6,340

4,898

5,181

4,224

5,017

4,122

5,076

3,998

3,560

3,624

4,621

2,057

2,887

3,294

3,466

2,455

2,647

2,224

3,613

3,072

641

3,081

4,299

5,049

4,470

3,919

4,495

4,618

3,757

3,475

2,401

3,648

Operating expenses:
Selling, general and administrative

3,465

4,343

4,423

3,783

4,366

4,793

4,527

3,729

4,374

3,774

3,592

4,004

2,936

2,563

2,757

1,704

3,811

3,951

3,269

3,756

3,954

4,452

4,144

3,917

3,808

3,946

4,165

18,562

3,483

-3,694

-3,486

22,592

-3,302

-3,198

-3,420

-2,545

-2,731

Research and development

130

156

240

134

247

189

329

288

353

348

402

208

381

318

354

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restructuring charges

740

2

0

92

70

190

917

733

0

0

45

3

85

277

125

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on impairment

0

0

5,464

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restructuring charges

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,600

48

97

-

272

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Goodwill impairment loss

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

4,462

-

-

0

0

-

-

-

-

-

-

-

Depreciation

107

102

91

104

132

176

103

88

79

99

76

90

91

102

100

110

119

135

129

132

140

134

139

136

135

146

153

706

131

-138

-137

862

-137

-103

-125

-146

-141

Amortization of definite-lived intangible assets

494

547

509

518

632

312

150

187

50

34

64

71

72

73

73

124

123

124

123

85

36

36

36

52

51

52

52

390

79

-78

-78

1,577

-204

-208

-217

-38

-25

Total operating expenses

4,936

5,150

10,727

4,631

5,447

5,660

6,026

5,025

4,856

4,255

4,179

4,376

3,565

3,333

3,409

3,466

5,653

4,258

3,618

4,965

4,402

4,622

4,319

4,105

3,994

8,606

4,370

4,436

3,693

3,910

3,701

3,203

3,643

3,509

3,762

2,729

2,897

Operating loss

-263

717

-5,991

1,840

-26

680

-1,128

156

-632

762

-57

700

433

227

215

1,155

-3,596

-1,371

-324

-1,499

-1,947

-1,975

-2,095

-492

-922

-7,965

-1,289

-137

1,356

560

218

1,292

975

248

-287

-328

751

Interest (expense), net

-288

-316

-208

-115

-114

-61

22

20

15

18

27

34

11

13

27

21

19

21

27

40

44

28

31

20

22

24

39

41

36

34

51

40

29

29

33

29

21

Loss on derivative instruments, net

-61

-101

93

-44

-59

-91

-156

-127

71

315

-160

328

-211

-17

-118

19

20

-31

-48

31

69

5

104

486

-78

-410

267

-157

20

-384

400

-117

-129

-410

588

47

-374

Other income (expense), net

59

-19

22

5

-5

4

25

0

33

-34

-3

17

15

-4

102

90

-156

-41

-39

8

0

3

-10

-7

-49

94

-105

-257

-97

93

86

2

31

-26

65

27

19

Loss before income taxes

-553

281

-6,084

1,686

-204

532

-1,237

49

-513

1,061

-193

1,079

248

219

226

1,285

-3,713

-1,422

-384

-1,420

-1,834

-1,939

-1,970

7

-1,027

-8,257

-1,088

-510

1,315

303

755

1,217

906

-159

399

-225

417

Provision (benefit) for income taxes

568

406

-1,848

1,007

314

-449

259

-6,552

92

234

73

74

80

108

88

260

50

73

88

4

61

47

54

169

-32

-58

67

-180

499

145

225

43

48

85

-614

323

47

Net loss

-1,121

-125

-4,236

679

-518

981

-1,496

6,601

-605

827

-266

1,005

168

111

138

1,025

-3,763

-1,495

-472

-1,424

-1,895

-1,986

-2,024

-162

-995

-8,199

-1,155

-330

816

158

530

1,174

858

-244

1,013

-548

370

Basic loss per common share (in dollars per share)

-0.06

-0.01

-0.21

0.04

-0.03

0.05

-0.08

0.34

-0.03

0.04

-0.01

0.05

0.01

0.01

0.01

0.06

-0.21

-0.08

-0.03

-0.08

-0.11

-0.11

-0.11

-0.01

-0.06

-0.45

-0.06

-0.02

0.04

0.01

0.03

0.06

0.05

-0.01

0.05

-0.03

0.02

Diluted loss per common share (in dollars per share)

-0.06

-0.01

-0.21

0.04

-0.03

0.05

-0.08

0.33

-0.03

0.04

-0.01

0.05

0.01

0.01

0.01

0.06

-0.21

-0.08

-0.03

-0.08

-0.11

-0.11

-0.11

-0.01

-0.06

-0.45

-0.06

-0.02

0.04

0.01

0.03

0.06

0.05

-0.01

0.05

-0.03

0.02

Weighted average shares outstanding - Basic (in shares)

20,007

20,006

19,950

19,867

19,786

19,651

19,514

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Adjusted weighted-average shares outstanding and assumed conversions for diluted loss per share (in shares)

20,007

20,006

19,950

19,489

19,786

20,029

19,514

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-