Gee Group Stock Price, News & Analysis

GEE Group (NYSE American: JOB) has announced a $20 million share repurchase program approved by its Board of Directors. This initiative aims to buy back outstanding shares of common stock, reflecting the company's belief that its shares are undervalued. CEO Derek Dewan emphasized that the program supports the company’s strategy of balancing capital deployment for long-term growth and opportunistic stock buybacks to enhance shareholder returns. The repurchase will be funded from operating cash flow, with approximately $20 million available as of March 31, 2023. The program is set to continue through December 31, 2023, though it may be suspended or discontinued at any time, depending on various market conditions.

GEE Group (NYSE: JOB) reported its fiscal 2023 first quarter results ending December 31, 2022, revealing revenues of $41.1 million, a 4% decline year-over-year. Excluding non-recurring COVID-19 project revenue, core revenue increased 1%. Professional contract services revenue rose 5%, with IT services up 15%, constituting 49% of total revenue. Net income decreased to $0.7 million or $0.01 per share, influenced by prior year gains from PPP loan forgiveness. Adjusted EBITDA was $2.0 million, down from $3.9 million. Despite challenges, management expresses cautious optimism for organic growth and strategic acquisitions ahead.

GEE Group Inc. (NYSE American: JOB) announces an investor webcast on February 15, 2023, at 11 a.m. EST to review its fiscal first-quarter results for December 31, 2022. Results will be reported after the market close on February 14, 2023. The event will be accessible online, with a full replay available afterward. The company specializes in staffing solutions, operating since 1893, and serves various sectors including IT, engineering, finance, and healthcare. It emphasizes the ongoing risks from the COVID-19 pandemic and other external factors affecting operations and financial performance.

GEE Group (NYSE American: JOB) reported strong fiscal 2022 results, achieving revenues of $165.1 million, a rise of 11% from $148.9 million in 2021. The gross profit increased to $61.7 million with a gross margin of 37.4%, up from 35.3%. Net income surged to $19.6 million or $0.17 per diluted share, compared to near breakeven in 2021. However, the company experienced a net loss of $0.8 million in Q4 2022. Free cash flow improved significantly to $8.9 million. Cash balance stood at $18.8 million with zero long-term debt.

GEE Group Inc. (NYSE American: JOB) announced an investor webcast/conference call on December 21, 2022, at 11 a.m. EDT to discuss its Fiscal Q4 and full-year results for the year ended September 30, 2022. The results will be disclosed post-market on December 20, 2022. The company provides staffing solutions across various sectors including IT, healthcare, and commercial staffing. Stakeholders can pre-register for the webcast and submit questions via email during the event. GEE Group also cautions about potential risks in future operations due to various factors including economic conditions and the ongoing impact of COVID-19.

GEE Group reported solid financial results for the fiscal third quarter and year-to-date ending June 30, 2022. Revenues reached $41.1 million for Q3 and $123.6 million year-to-date, up 8% and 15% respectively. Gross profits increased to $16.5 million (40.1% margin) for Q3 and $46.6 million (37.7% margin) year-to-date. Net income stood at $2.6 million ($0.02 per diluted share) for Q3 and $20.4 million ($0.18 per diluted share) year-to-date. Free cash flow was notably strong at $3.4 million for the quarter and $7.6 million year-to-date.

GEE Group Inc. (NYSE American: JOB) will present its Fiscal Third Quarter results on August 16, 2022, via a webcast following an announcement of results after market close on August 15, 2022. The investor conference call aims to discuss financials and business developments. Established in 1893, GEE Group specializes in staffing solutions across various sectors, including IT, finance, and healthcare. The company acknowledges the ongoing impacts of COVID-19 on operations and recognizes potential risks that could affect future performance.

GEE Group reported solid fiscal second quarter results ended March 31, 2022, with revenues reaching $39.6 million and $82.5 million for the three and six months, marking increases of 14% and 19% respectively from 2021. Gross profit improved to $14.5 million (36.6% margin) and $30.1 million (36.5% margin). Net income was $1.1 million ($0.01 per share) and $17.8 million ($0.15 per share) for the two periods, contrasts to net losses in 2021. Free cash flow increased to $2.0 million and $4.2 million.