2024 Q1 Form 10-Q Financial Statement
#000147793224000679 Filed on February 13, 2024
Income Statement
Concept | 2024 Q1 | 2023 Q4 | 2022 Q4 |
---|---|---|---|
Revenue | $28.05M | $30.63M | $41.15M |
YoY Change | -27.82% | -25.56% | -3.97% |
Cost Of Revenue | $19.28M | $20.90M | $26.76M |
YoY Change | -24.8% | -21.91% | -1.86% |
Gross Profit | $8.767M | $9.736M | $14.39M |
YoY Change | -33.66% | -32.35% | -7.64% |
Gross Profit Margin | 31.25% | 31.78% | 34.97% |
Selling, General & Admin | $10.01M | $10.61M | $12.81M |
YoY Change | -14.52% | -17.19% | 3.63% |
% of Gross Profit | 114.13% | 108.94% | 89.0% |
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $77.00K | $84.00K | $101.0K |
YoY Change | -21.43% | -16.83% | 17.44% |
% of Gross Profit | 0.88% | 0.86% | 0.7% |
Operating Expenses | $10.01M | $10.61M | $12.81M |
YoY Change | -14.52% | -17.19% | 3.63% |
Operating Profit | -$2.035M | -$1.674M | $762.0K |
YoY Change | -393.23% | -319.69% | -2922.22% |
Interest Expense | $67.00K | $71.00K | -$35.00K |
YoY Change | 204.55% | -302.86% | -67.29% |
% of Operating Profit | -4.59% | ||
Other Income/Expense, Net | |||
YoY Change | |||
Pretax Income | -$1.923M | -$1.555M | $727.0K |
YoY Change | -368.58% | -313.89% | -95.63% |
Income Tax | -$915.0K | $0.00 | $73.00K |
% Of Pretax Income | 10.04% | ||
Net Earnings | -$1.008M | -$1.555M | $654.0K |
YoY Change | -253.19% | -337.77% | -96.08% |
Net Earnings / Revenue | -3.59% | -5.08% | 1.59% |
Basic Earnings Per Share | -$0.01 | $0.01 | |
Diluted Earnings Per Share | -$0.01 | -$0.01 | $0.01 |
COMMON SHARES | |||
Basic Shares Outstanding | 108.8M shares | 109.1M shares | 114.5M shares |
Diluted Shares Outstanding | 109.9M shares | 114.9M shares |
Balance Sheet
Concept | 2024 Q1 | 2023 Q4 | 2022 Q4 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $21.20M | $19.91M | $18.47M |
YoY Change | 5.48% | 7.78% | 52.32% |
Cash & Equivalents | $21.20M | $19.91M | $18.47M |
Short-Term Investments | |||
Other Short-Term Assets | $1.395M | $1.286M | $718.0K |
YoY Change | 84.28% | 79.11% | -16.51% |
Inventory | |||
Prepaid Expenses | |||
Receivables | $14.22M | $15.85M | $20.34M |
Other Receivables | $0.00 | $0.00 | $0.00 |
Total Short-Term Assets | $36.81M | $37.05M | $39.53M |
YoY Change | -10.84% | -6.27% | 15.52% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $715.0K | $780.0K | $1.089M |
YoY Change | -30.24% | -28.37% | 0.55% |
Goodwill | $61.29M | $61.29M | $61.29M |
YoY Change | 0.0% | 0.0% | 0.0% |
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $409.0K | $480.0K | $683.0K |
YoY Change | -39.76% | -29.72% | -31.77% |
Total Long-Term Assets | $80.20M | $80.58M | $76.63M |
YoY Change | 4.4% | 5.15% | -5.06% |
TOTAL ASSETS | |||
Total Short-Term Assets | $36.81M | $37.05M | $39.53M |
Total Long-Term Assets | $80.20M | $80.58M | $76.63M |
Total Assets | $117.0M | $117.6M | $116.2M |
YoY Change | -0.93% | 1.27% | 1.06% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $2.534M | $2.486M | $2.869M |
YoY Change | -24.87% | -13.35% | 20.8% |
Accrued Expenses | $5.667M | $4.735M | $6.138M |
YoY Change | -19.51% | -22.86% | -6.29% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | $115.0K | $130.0K | |
YoY Change | -38.5% | ||
Total Short-Term Liabilities | $9.373M | $8.926M | $10.99M |
YoY Change | -17.48% | -18.8% | -19.42% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $170.0K | $258.0K | $0.00 |
YoY Change | -37.96% | ||
Other Long-Term Liabilities | $165.0K | $190.0K | $506.0K |
YoY Change | -63.41% | -62.45% | -13.65% |
Total Long-Term Liabilities | $165.0K | $190.0K | $506.0K |
YoY Change | -63.41% | -62.45% | -86.35% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $9.373M | $8.926M | $10.99M |
Total Long-Term Liabilities | $165.0K | $190.0K | $506.0K |
Total Liabilities | $11.54M | $11.30M | $14.13M |
YoY Change | -24.55% | -19.99% | -18.58% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$4.193M | -$3.185M | -$10.39M |
YoY Change | -56.93% | -69.36% | -25.65% |
Common Stock | $113.2M | $113.1M | $112.4M |
YoY Change | 0.6% | 0.57% | |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | $3.559M | $3.559M | |
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $105.5M | $106.3M | $102.0M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $117.0M | $117.6M | $116.2M |
YoY Change | -0.93% | 1.27% | 1.06% |
Cashflow Statement
Concept | 2024 Q1 | 2023 Q4 | 2022 Q4 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$1.008M | -$1.555M | $654.0K |
YoY Change | -253.19% | -337.77% | -96.08% |
Depreciation, Depletion And Amortization | $77.00K | $84.00K | $101.0K |
YoY Change | -21.43% | -16.83% | 17.44% |
Cash From Operating Activities | $1.342M | -$919.0K | -$326.0K |
YoY Change | -23.97% | 181.9% | -114.4% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $12.00K | $26.00K | $50.00K |
YoY Change | -64.71% | -48.0% | -40.48% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | |||
YoY Change | |||
Cash From Investing Activities | -$12.00K | -$26.00K | -$50.00K |
YoY Change | -64.71% | -48.0% | -40.48% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | -40.00K | -$1.616M | $0.00 |
YoY Change | -61.54% | ||
NET CHANGE | |||
Cash From Operating Activities | 1.342M | -$919.0K | -$326.0K |
Cash From Investing Activities | -12.00K | -$26.00K | -$50.00K |
Cash From Financing Activities | -40.00K | -$1.616M | $0.00 |
Net Change In Cash | 1.290M | -$2.561M | -$376.0K |
YoY Change | -20.71% | 581.12% | -117.25% |
FREE CASH FLOW | |||
Cash From Operating Activities | $1.342M | -$919.0K | -$326.0K |
Capital Expenditures | $12.00K | $26.00K | $50.00K |
Free Cash Flow | $1.330M | -$945.0K | -$376.0K |
YoY Change | -23.17% | 151.33% | -117.25% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2023Q4 | us-gaap |
Revenues
Revenues
|
30631000 | usd |
CY2023Q4 | us-gaap |
Cost Of Revenue
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20895000 | usd |
CY2023Q4 | us-gaap |
Gross Profit
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CY2023Q4 | us-gaap |
Selling General And Administrative Expense
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Depreciation
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Amortization Of Intangible Assets
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Operating Income Loss
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Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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Treasury Stock Value
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--09-30 | |
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Q1 | |
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2024 | |
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0 | |
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2023-12-31 | |
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GEE GROUP INC. | |
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IL | |
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Entity Tax Identification Number
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36-6097429 | |
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7751 Belfort Parkway | |
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Entity Address Address Line2
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Suite 150 | |
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Jacksonville | |
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FL | |
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Entity Address Postal Zip Code
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32256 | |
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630 | |
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954-0400 | |
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CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
18472000 | usd |
CY2023Q4 | us-gaap |
Interest Paid Net
InterestPaidNet
|
32000 | usd |
CY2022Q4 | us-gaap |
Interest Paid Net
InterestPaidNet
|
35000 | usd |
CY2023Q4 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
25000 | usd |
CY2022Q4 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
0 | usd |
CY2023Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
591000 | usd |
CY2023Q3 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
562000 | usd |
CY2023Q3 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
562000 | usd |
CY2023Q4 | us-gaap |
Provision For Other Credit Losses
ProvisionForOtherCreditLosses
|
65000 | usd |
CY2023Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
|
36000 | usd |
CY2023Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
591000 | usd |
CY2023Q4 | job |
Allowance For Doubtful Account Liabilities For Expected Future Falloffs And Refunds
AllowanceForDoubtfulAccountLiabilitiesForExpectedFutureFalloffsAndRefunds
|
115000 | usd |
CY2023Q3 | job |
Allowance For Doubtful Account Liabilities For Expected Future Falloffs And Refunds
AllowanceForDoubtfulAccountLiabilitiesForExpectedFutureFalloffsAndRefunds
|
118000 | usd |
CY2023Q4 | job |
Allowance For Doubtful Account Fall Offs And Refunds
AllowanceForDoubtfulAccountFallOffsAndRefunds
|
244000 | usd |
CY2022Q4 | job |
Allowance For Doubtful Account Fall Offs And Refunds
AllowanceForDoubtfulAccountFallOffsAndRefunds
|
165000 | usd |
CY2022Q4 | job |
Weighted Average Dilutive Incremental Number Of Shares
WeightedAverageDilutiveIncrementalNumberOfShares
|
435000 | shares |
CY2023Q4 | job |
Weighted Average Anti Dilutive Incremental Number Of Shares
WeightedAverageAntiDilutiveIncrementalNumberOfShares
|
3682000 | shares |
CY2022Q4 | job |
Weighted Average Anti Dilutive Incremental Number Of Shares
WeightedAverageAntiDilutiveIncrementalNumberOfShares
|
3373000 | shares |
CY2023Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
4320000 | usd |
CY2023Q3 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
4309000 | usd |
CY2023Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
3540000 | usd |
CY2023Q3 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
3463000 | usd |
CY2023Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
780000 | usd |
CY2023Q3 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
846000 | usd |
CY2023Q4 | us-gaap |
Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
|
130000 | usd |
CY2023Q4 | job |
Operating Lease Expires Description
OperatingLeaseExpiresDescription
|
office lease expires in 2026 | |
CY2023Q4 | us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
530000 | usd |
CY2022Q4 | us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
588000 | usd |
CY2023Q4 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
1377000 | usd |
CY2023Q4 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
37399000 | usd |
CY2023Q4 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
-29713000 | usd |
CY2023Q4 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
7686000 | usd |
CY2023Q3 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
37399000 | usd |
CY2023Q3 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
-28993000 | usd |
CY2023Q3 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
8406000 | usd |
CY2023Q4 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
|
2159000 | usd |
CY2023Q4 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
|
2741000 | usd |
CY2023Q4 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
|
1870000 | usd |
CY2023Q4 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
|
916000 | usd |
CY2023Q4 | us-gaap |
Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
|
0 | usd |
CY2023Q4 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
7686000 | usd |
CY2023Q4 | job |
Restricted Common Stock Shares Granted Under Amendment Plan
RestrictedCommonStockSharesGrantedUnderAmendmentPlan
|
4021000 | shares |
CY2023Q4 | us-gaap |
Restricted Stock Shares Issued Net Of Shares For Tax Withholdings
RestrictedStockSharesIssuedNetOfSharesForTaxWithholdings
|
3894000 | shares |
CY2023Q4 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | usd |
CY2022Q4 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
73000 | usd |
CY2023Q4 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.02 | pure |
CY2022Q4 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.10 | pure |