GSE SYSTEMS INC
GVPTechnology · Services-Prepackaged Software · DE · SEC filings ↗ · Compare ⊕
View price & chart on Yahoo Finance ↗Financials
SEC XBRL · annual| FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | |
|---|---|---|---|---|---|---|
| Revenue | $45.0M | $47.7M | $55.2M | $57.6M | $83.0M | $92.2M |
| Operating income | −$6.8M | −$14.4M | −$6.0M | −$9.5M | −$7.4M | $1.4M |
| Net income | −$8.7M | −$15.3M | $10.6M | −$10.5M | −$12.1M | −$354,000 |
| Total assets | $22.8M | $26.5M | $39.1M | $39.2M | $58.5M | $61.4M |
| Total liabilities | $17.5M | $16.3M | $16.0M | $28.7M | $38.4M | $30.3M |
| Equity | $5.3M | $10.2M | $23.0M | $10.5M | $20.1M | $31.1M |
| EPS (diluted) | $-3.51 | $-7.18 | $0.51 | $-0.52 | $-0.60 | $-0.02 |
| Shares out. | 23.6M | 21.0M | 20.6M | 20.4M | 19.9M | 19.9M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2023- Operating margin
- −15.1%
- Net margin
- −19.4%
- Return on equity
- −163.3%
- Return on assets
- −38.3%
- Return on capital (ROCE)
- −105.5%
- Liabilities / assets
- 76.6%
- Debt / equity
- 3.27×
- Book value / share
- $0.23
- Revenue growth (YoY)
- −5.6%
- Net income growth (YoY)
- —
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2023- Altman Z″ (distress)
- -13.71distress
- Accruals / assets
- −45.1%clean
- Beneish M-Score
- -4.63normal
- Piotroski F-Score
- 5/9mixed
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.
Signs
● 2 severe● 4 warning● 2 good- Altman Z″ in the distress zone
- Filed a late-filing notice (Form NT) — missed an SEC deadline
- Operating losses (negative operating margin)
- Reported a net loss
- Revenue declined year-over-year
- High leverage (liabilities > 70% of assets)
- Positive operating cash flow
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Risk flags
late SEC filings- NT 10-Kmissed a reporting deadline ↗Apr 2, 2024
- NT 10-Qmissed a reporting deadline ↗Aug 15, 2023
- NT 10-Kmissed a reporting deadline ↗Apr 3, 2023
- NT 10-Kmissed a reporting deadline ↗Mar 31, 2021
- NT 10-Qmissed a reporting deadline ↗Aug 14, 2020
- NT 10-Qmissed a reporting deadline ↗Jun 29, 2020
A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.
5%+ owners
SEC Schedule 13D / 13G · last 3 yrs- Lind Global Fund Ii LpPassive (13G)Feb 14, 2025
Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.
Insider transactions
SEC Form 4 · most recent| Insider | Date | Type | Shares | Price |
|---|---|---|---|---|
| Khanna RaviOfficer — President & CEO | Sep 30, 2024 | Tax withholding | 42 | $4.07 |
| Pepe Emmett AnthonyOfficer — Chief Financial Officer | Sep 30, 2024 | Tax withholding | 335 | $4.07 |
| Greene BrianOfficer — VP, GSE Workforce Solutions | Sep 30, 2024 | Tax withholding | 65 | $4.07 |
Headline trade per Form 4 (officers, directors, 10%+ owners). Buy/sell read from the filing's structured data — blank where a field isn't cleanly tagged.
Material events
SEC Form 8-K · most recent- Completed an acquisition or disposition · Delisting / listing-standard notice · Modified shareholder rights · Change in control · Director / officer change · Amended charter or bylaws · Other material eventNov 1, 2024
- Shareholder vote · Other material eventOct 29, 2024
- Other material eventOct 25, 2024
- Other material eventOct 23, 2024
- Regulation FD disclosureOct 22, 2024
- Entered a material agreement · Other material eventOct 21, 2024
- Other material eventOct 18, 2024
- Other material eventOct 16, 2024
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.