COLUMBIA, Md., Aug. 14, 2024 /PRNewswire/ -- GSE Systems, Inc. ("GSE Solutions", "GSE", or "the Company") (Nasdaq: GVP), a leader in advanced engineering and workforce solutions that support the future of clean energy production and decarbonization initiatives of the nuclear power industry, today announced financial results for the second quarter ("Q2") ended June 30, 2024. Q2 2024 and Recent Highlights Improved gross profit growth driven by Engineering segment, with a 14% increase over Q1 of 2024 and Q2 of 2023.Achieved positive Adjusted EBITDA for the first half of 2024, du

Conference Call Scheduled for today, May 15, 2024 at 4:30pm ET COLUMBIA, Md., May 15, 2024 /PRNewswire/ -- GSE Systems, Inc. ("GSE Solutions", "GSE", or "the Company") (NASDAQ:GVP), a leader in advanced engineering and workforce solutions that support nuclear power and the decarbonization initiatives of the power industry, today announced its financial results for the first quarter ("Q1") ended March 31, 2024. Q1 2024 Highlights   The Company reports revenue in Q1 2024 of $11.3 million, up 3.8% from $10.9 million in Q1 2023 and up 10.5% from $10.2 million in Q4 2023.Engineerin

COLUMBIA, Md., May 8, 2024 /PRNewswire/ -- GSE Solutions ("GSE Systems, Inc." or "GSE") (NASDAQ:GVP), a leader in advanced engineering and workforce solutions that supports the future of clean-energy production and decarbonization initiatives of the power industry, today announced that it will issue its financial results press release for the first quarter ended March 31, 2024 on Wednesday, May 15, 2024, after the close of the stock market. The GSE management team will host a conference call that day at 4:30 p.m. ET. First Quarter Fiscal 2024 Conference Call Details Date and T

Conference Call Scheduled for today, April 1, 2024 at 4:30pm ET COLUMBIA, Md., April 1, 2024 /PRNewswire/ -- GSE Solutions. ("GSE Systems, Inc.", "GSE", or "the Company") (Nasdaq: GVP), a leader in advanced engineering and workforce solutions that support the future of clean-energy production and overall decarbonization initiatives of the power industry, today announced financial results for the fourth quarter ("Q4") and fiscal year ended December 31, 2023. Q4 2023 and FY23 Highlights New orders for engineering division increased by 70.9% during FY2023 to $37.6 million, up fr

COLUMBIA, Md., March 25, 2024 /PRNewswire/ -- GSE Solutions ("GSE Systems, Inc." or "GSE") (NASDAQ:GVP), a leader in advanced engineering and workforce solutions that supports the future of clean-energy production and decarbonization initiatives of the nuclear power industry, today announced that it will issue its financial results press release for the fourth quarter and fiscal year ended December 31, 2023 on Monday, April 1, 2024, after the close of the stock market. The GSE management team will host a conference call that day at 4:30 p.m. ET. Fourth Quarter and Fiscal 2023

Conference Call Scheduled for today, November 14, 2023, at 4:30pm ET COLUMBIA, Md., Nov. 14, 2023 /PRNewswire/ -- GSE Systems, Inc. ("GSE Solutions", "GSE", or "the Company") (NASDAQ:GVP), a leader in advanced engineering and workforce solutions that support the future of clean energy production and decarbonization initiatives of the nuclear power industry, today announced financial results for the third quarter ("Q3") ended September 30, 2023. Q3 2023 and Recent Highlights The Company reports positive Adjusted EBITDA of $0.7 million in Q3, an improvement from a loss of $(0.7

Conference Call Scheduled for today, August 14, 2023 at 4:30pm ET COLUMBIA, Md., Aug. 14, 2023 /PRNewswire/ -- GSE Systems, Inc. ("GSE Solutions", "GSE", or "the Company") (NASDAQ:GVP), a leader in advanced engineering and workforce solutions that support the future of clean energy production and decarbonization initiatives of the nuclear power industry, today announced financial results for the second quarter ("Q2") ended June 30, 2023. Q2 2023 and Recent Highlights Strong revenue growth from Performance Engineering, with a 30% increase over Q1 of 2023 and 16% improvement fr

COLUMBIA, Md., Aug. 8, 2023 /PRNewswire/ -- GSE Solutions ("GSE Systems, Inc." or "GSE") (NASDAQ:GVP), a leader in advanced engineering and workforce solutions that supports the future of clean-energy production and decarbonization initiatives of the nuclear power industry, today announced that it will issue its financial results press release for the second quarter ended June 30, 2023 on Monday, August 14, 2023, after the close of the stock market. The GSE management team will host a conference call that day at 4:30 p.m. ET. Second Quarter Fiscal 2023 Conference Call Details

Conference Call Scheduled for today, May 15, 2023 at 4:30pm ET COLUMBIA, Md., May 15, 2023  /PRNewswire/ -- GSE Systems, Inc. ("GSE Solutions", "GSE", or "the Company") (NASDAQ:GVP), a leader in advanced engineering and workforce solutions that support nuclear power and the decarbonization initiatives of the power industry, today announced its financial results for the first quarter ("Q1") ended March 31, 2023. Q1 2023 and Recent Highlights   New orders in Q1 2023 were $19.1 million, up 72% from $11.1 million in Q1 2022.Engineering orders in Q1 2023 was $14.7 million, up 130%

COLUMBIA, Md., May 8, 2023 /PRNewswire/ -- GSE Solutions ("GSE Solutions", "GSE", or "the Company") (Nasdaq: GVP), a leader in advanced engineering and workforce solutions that support the future of clean-energy production and decarbonization initiatives of the power industry, today announced that it will issue its financial results press release for the first quarter ended March 31, 2023 on Monday, May 15, 2023 after the close of the stock market. The GSE management team will host a conference call that day at 4:30 p.m. Eastern Time to discuss the results. First Quarter Fisca

COLUMBIA, Md., Nov. 1, 2024 /PRNewswire/ -- GSE Solutions ("GSE Systems, Inc." or "GSE"), a leader in advanced engineering solutions that supports the future of clean-energy production and decarbonization initiatives of the power industry, and Pelican Energy Partners ("Pelican"), a highly specialized private equity firm led by experienced energy service professionals focused on energy services businesses and manufacturing companies, announced today the closing of the merger involving GSE and an affiliate of Pelican. The merger was overwhelmingly approved by GSE shareholders at a special shareholder meeting held on October 29, 2024. Trading of GSE common stock was suspended following afterhou

COLUMBIA, Md., Oct. 29, 2024 /PRNewswire/ -- GSE Solutions ("GSE Systems, Inc." or "GSE") (NASDAQ:GVP), a leader in advanced engineering solutions that supports the future of clean-energy production and decarbonization initiatives of the power industry, announced today that its stockholders overwhelmingly approved its merger with an affiliate of Pelican Energy Partners ("Pelican"). Pursuant to the terms of the merger agreement, dated August 8, 2024 and amended October 20, 2024 ("Merger Agreement"), Pelican will acquire all of the outstanding common stock of GSE for $4.60 per share.

COLUMBIA, Md., Oct. 23, 2024 /PRNewswire/ -- GSE Solutions ("GSE Systems, Inc." or "GSE") (NASDAQ:GVP), a leader in advanced engineering solutions that supports the future of clean-energy production and decarbonization initiatives of the power industry, announced today that independent proxy advisory firm Glass Lewis & Co., LLC ("Glass Lewis") recommended that GSE shareholders vote "FOR" the approval of the Agreement and Plan of Merger, dated as of August 8, 2024 (the "Merger Agreement"), by and between GSE, Nuclear Engineering Holdings LLC, and Gamma Nuclear Merger Sub LLC (the "Merger Proposal").

COLUMBIA, Md., Oct. 22, 2024 /PRNewswire/ -- GSE Solutions ("GSE Systems, Inc." or "GSE") (NASDAQ:GVP), a leader in advanced engineering solutions that supports the future of clean-energy production and decarbonization initiatives of the power industry, announced today that it wished to thank all of its stockholders who have already voted overwhelmingly in favor of its merger with an affiliate of Pelican Energy Partners ("Pelican") in an all-cash transaction (the "Merger"). Following the amendment to increase merger consideration, GSE now reminds stockholders that, under the terms of the amended merger agreement, which was unanimously approved by the board of the directors of GSE, Pelican wi

Bradley L. Radoff, who collectively with his affiliates owns approximately 9.9% of the outstanding shares of GSE Systems, Inc. (NASDAQ:GVP) ("GSE" or the "Company"), today issued the below follow-up letter to the Chair of the Company's Board of Directors (the "Board"), Kathryn O'Connor Gardner, in response to the Company's filing of an amended merger agreement with Pelican Energy Partners ("Pelican"). Mr. Radoff previously announced his opposition to the Company's proposed take-private merger with Pelican and has repeatedly demanded the Board and Ms. Gardner release normal course forward-looking projections so shareholders can fairly evaluate the Pelican transaction. *** GSE Systems, Inc

COLUMBIA, Md., Oct. 21, 2024 /PRNewswire/ -- GSE Solutions ("GSE Systems, Inc." or "GSE") (NASDAQ:GVP), a leader in advanced engineering solutions that supports the future of clean-energy production and decarbonization initiatives of the power industry, announced today that it has entered into an amendment to the merger agreement with an affiliate of Pelican Energy Partners, which was previously announced on August 8, 2024. Pursuant to the amended merger agreement, GSE's common stock outstanding immediately prior to the effective time of the merger will be converted into the right to receive $4.60 per share in cash. This represents an increase of approximately 12.2% over the $4.10 of per sha

Questions the Board's Continued Refusal to Provide Customary Forward-Looking Business Projections to Enable Investors to Fairly Evaluate the Proposed Sale to Pelican Energy Partners Bradley L. Radoff, who collectively with his affiliates owns approximately 9.9% of the outstanding shares of GSE Systems, Inc. (NASDAQ:GVP) ("GSE" or the "Company"), today issued the below open letter to the Chair of the Company's Board of Directors (the "Board"), Kathryn O'Connor Gardner, to urge the Board to provide the market with customary disclosures regarding the Company's forward-looking projections. Mr. Radoff previously announced his opposition to the Company's proposed take-private merger with Pelica

~10% Shareholder Believes Proposed Sale Represents an Egregious "Take Under" and Significantly Undervalues the Company Urges the Board to Consider Shareholders' Best Interests and Disclose the Company's 2025 Projections so Investors Can Accurately Value the Company Against the Deal Price Bradley L. Radoff, who collectively with his affiliates owns approximately 9.9% of the outstanding shares of GSE Systems, Inc. (NASDAQ:GVP) ("GSE" or the "Company"), today sent the below letter to GSE Systems' Board of Directors (the "Board") indicating its opposition to the proposed take-private merger with Pelican Energy Partners ("Pelican"). *** GSE Systems, Inc. 6940 Columbia Gateway Drive, Suite 47

COLUMBIA, Md., Oct. 16, 2024 /PRNewswire/ -- GSE Solutions ("GSE Systems, Inc." or "GSE") (NASDAQ:GVP), a leader in advanced engineering solutions that supports the future of clean-energy production and decarbonization initiatives of the power industry, announced today that leading independent proxy advisory firm Institutional Shareholder Services, Inc. ("ISS") recommended that GSE shareholders vote "FOR": (1) the approval of the Agreement and Plan of Merger, dated as of August 8, 2024 (the "Merger Agreement"), by and between GSE, Nuclear Engineering Holdings LLC, and Gamma Nuclear Merger Sub LLC (the "Merger Proposal"); and (2) the approval, on a non-binding, advisory basis, of the compensa

COLUMBIA, Md., Aug. 14, 2024 /PRNewswire/ -- GSE Systems, Inc. ("GSE Solutions", "GSE", or "the Company") (Nasdaq: GVP), a leader in advanced engineering and workforce solutions that support the future of clean energy production and decarbonization initiatives of the nuclear power industry, today announced financial results for the second quarter ("Q2") ended June 30, 2024. Q2 2024 and Recent Highlights Improved gross profit growth driven by Engineering segment, with a 14% increase over Q1 of 2024 and Q2 of 2023.Achieved positive Adjusted EBITDA for the first half of 2024, du