GSE Systems reports adjusted Q4 EPS (5c) vs. (5c) last year

Reports Q4 revenue $10.8M vs. $11.9M last year. "FY22 was a busy year for GSE. The ongoing investments we have made in the company during 2022 include putting master services agreements in place with key utility customers, which eases the path to purchase our capabilities across the entire breadth of our business; we have rebuilt our sales and recruiting teams in Workforce Solutions; and we are glad to have hired a new head of sales early this year who is respected and well connected within the nuclear power industry…These efforts have begun to show initial progress during the fourth quarter, such as the sequential growth in Workforce Solutions Orders, and into early 2023 as exemplified by the successful renewal and expansion of a sizable, long-term agreement with US Government engineering laboratories that work directly with the US Navy. Other wins subsequent to Q4 close should significantly enhance the Company’s backlog to more typical levels," commented CEO Kyle Loudermilk. "The outlook for the industry has not looked this positive in decades, especially given the legislation that has been passed in the recent years to strengthen the nuclear industry for the foreseeable future."