GEE Group Inc. (JOB) reports developments as a professional staffing services and human resource solutions company. Its continuing operations are centered on Professional Staffing Services, including contract and direct-hire placements in information technology, engineering, finance and accounting, healthcare documentation support, and other professional specialties.
Company updates commonly cover fiscal results, conference calls, staffing demand trends, customer-account changes, acquired staffing brands such as Hornet Staffing, and the sale and discontinued reporting of the former Industrial Staffing Services segment. News also includes board and governance changes and announcements related to strategic-review activity involving unsolicited expressions of interest.
Summary not available.
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.
GEE Group Inc. (NYSE American: JOB) announced an investor update webcast on May 17, 2022, at 11 a.m. EDT, to discuss its fiscal Q2 results for the period ending March 31, 2022. Results will be reported after market close on May 16, 2022. The company, a provider of staffing solutions in sectors like IT and healthcare, emphasizes the ongoing impact of COVID-19 on operations. Key challenges include economic conditions and competition. A full replay of the call will be available shortly after the live event on their website.
GEE Group (NYSE American: JOB) will participate in the Sidoti Spring Virtual Small Cap Investor Conference on March 23-24, 2022. CEO Derek Dewan and CFO Kim Thorpe are scheduled to present on March 24 at 12:15 p.m. EDT. Access to the live webcast can be found on GEE Group's website. The Company will also host one-on-one meetings with investors during the conference. A research report by Sidoti analyst Marc Riddick, covering GEE Group, was initiated on March 15, 2022. The Company specializes in staffing solutions across various sectors, including IT and healthcare.
GEE Group reported a strong fiscal first quarter, ending December 31, 2021, with a GAAP net income of $16.7 million or $0.14 per diluted share, up from a net loss of $(315,000) in the prior year. Revenue increased 24% to $42.8 million, driven largely by contract staffing services. Adjusted EBITDA was $3.9 million, reflecting continued operational strength. Despite increased SG&A expenses, gross profit improved to $15.6 million, showcasing a robust 36.4% gross margin.
The company will discuss these results in an investor call on February 16, 2022.
Summary not available.