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GSE Solutions Announces Third Quarter 2020 Financial Results


COLUMBIA, Md.–()–GSE Systems, Inc. (“GSE Solutions”, “GSE” or “the Company”) (Nasdaq: GVP), a leader in delivering and supporting end-to-end training, engineering, compliance, simulation and workforce solutions to the power industry, announced today its financial results for the three months ended September 30, 2020 (“Q3 2020”).

Q3 2020 Financial Overview

  • Revenue of $12.9 million, compared to $20.0 million in Q3 2019
  • Gross profit of $3.3 million, compared to $4.7 million in Q3 2019
  • Net loss of $0.7 million or $(0.03) per basic and diluted share in Q3 2020, compared to a net loss of $1.2 million, or $(0.06) per basic and diluted share in Q3 2019
  • Adjusted net loss1 of $ 1.0 million, or…



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