The earnings call reflects significant challenges faced by GEE Group, including declining revenues, net losses, and negative EBITDA. Despite these difficulties, the company is executing cost-cutting measures and strategic M&A plans to position for future growth. However, the current financial metrics and market conditions present substantial concerns.
Company Guidance
During the GEE Group's Q4 2024 earnings call, the company reported consolidated revenues of $28.3 million for the quarter and $116.5 million for the fiscal year, reflecting declines of 17% and 24% respectively compared to the previous year. Gross profits were $9.5 million for the quarter and $37.6 million for the year, with corresponding gross margins of 33.7% and 32.3%. The company faced a net loss of $2.3 million for the quarter and $24.1 million for the year, alongside negative adjusted EBITDA of $1 million for the quarter and $2.3 million for the year. Despite these challenges, GEE Group is implementing cost reductions, enhancing M&A activities, and plans to integrate operations onto a cloud-based platform to drive future growth and profitability.
Operational Streamlining Initiatives
GEE Group has executed on a $3 million annual reduction in SG&A costs and is further streamlining operations to reduce costs and integrate systems on a cloud-based platform starting in 2025.
Strategic M&A Plans
The company is ramping up its M&A activities and has identified several strategic acquisition targets, expecting to complete accretive transactions in early 2025.
Strong Liquidity Position
GEE Group maintains a strong liquidity position with $20.8 million in cash, an undrawn ABL credit facility with $8.1 million availability, and no outstanding debt.
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GEE Group (JOB) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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JOB Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Dec 19, 2024
$0.22
$0.23
+4.55%
Aug 14, 2024
$0.28
$0.27
-3.57%
May 15, 2024
$0.32
$0.32
0.00%
Feb 13, 2024
$0.41
$0.38
-7.32%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does GEE Group (JOB) report earnings?
GEE Group (JOB) is schdueled to report earning on Feb 18, 2025, TBA Not Confirmed.
What is GEE Group (JOB) earnings time?
GEE Group (JOB) earnings time is at Feb 18, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.