GSE Systems, Inc. provides professional and technical engineering, staffing services, and simulation software to the power and process industries in the United States, Asia, Europe, and internationally. It operates in two segments, Performance Improvement Solutions and Nuclear Industry Training and Consulting. The Performance Improvement Solutions segment provides various simulation products, engineering services, and operation training systems for the nuclear, fossil fuel power generation, and process industries. The Nuclear Industry Training and Consulting segment offers instructors, procedure writers, technical engineers, project managers, work management specialists, and planners and training material developers for the nuclear power industry. The company markets its products and services through a network of direct sales staff, agents and representatives, and strategic alliance partners. GSE Systems, Inc. was founded in 1971 and is headquartered in Columbia, Maryland.
IPO Year:
Exchange: NASDAQ
Website: gses.com
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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
COLUMBIA, Md., Aug. 8, 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 a definitive merger agreement to be acquired by Pelican Energy Partners ("Pelican") in an all-cash transaction. Under the terms of the merger agreement, which was unanimously approved by the board of the directors of GSE, Pelican will acquire all the outstanding shares of GSE for an estimated total cash consideration of $4.10 per share. The consideration per share represents a premium of approximately 5
GSE Solutions shows continual commitment to backing the American Nuclear Society by being a Gold Sponsor, with the presence of their new Chief Executive Officer and Chief Operating Officer COLUMBIA, Md., July 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, is proud to announce its participation in the upcoming American Nuclear Society (ANS) Utility Working Conference (UWC) from August 4-7, 2024, in Marco Island, Florida. This marks the fourth consecutive year GSE Solutions has participated as a Gold Sponsor,
Rolls-Royce SMR has enlisted GSE Solutions to develop a power station simulator, as it continues to mature the design of its Small Modular Reactor (SMR) technology and remains on track to complete Step 2 of the Generic Design Assessment this summer. COLUMBIA, Md., July 10, 2024 /PRNewswire/ -- GSE Solutions ("GSE Systems, Inc." or "GSE") (NASDAQ:GVP) is a world leader in advanced engineering and workforce solutions across the clean-energy and power industries. This simulator will play a key role in Rolls-Royce SMR's program to develop, verify and validate the performance and control systems of its unique 'factory-built' nuclear power plant. It forms part of a much wider program of develop
COLUMBIA, Md., June 25, 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, today announced contracts worth more than $700k for the provision of services related to Flow Accelerated Corrosion (FAC) and Erosion programs for a large east-coast utility based in the United States. Due to the aging nuclear fleets and the growing demand for environmentally friendly energy sources, power plants must regularly
COLUMBIA, Md., May 23, 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 it will participate in a webcasted fireside chat and host one-on-one meetings with investors at the Lytham Partners Spring 2024 Investor Conference, taking place virtually on Thursday, May 30, 2024. Company Webcast The webcasted presentation will take place at 2:00 p.m. ET on Thursday, May 30, 2024.
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 13, 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 the appointment of Mr. Damian DeLongchamp as Chief Operating Officer (COO). Mr. DeLongchamp has been with GSE for more than 7 years and most recently was the Vice President of GSE Programs and Performance group. He brings over 20 years of utility experience both domestically and abroad. His experien
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
COLUMBIA, Md., April 30, 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 a transition of the company's management team: Mr. Ravi Khanna has been named President and CEO of the Company and appointed as a Class II Director of the Board of Directors, effective immediately. Mr. Khanna has been with GSE since 2016 as its Senior Vice President of Professional Services. With
Rolls-Royce SMR has enlisted GSE Solutions to develop a power station simulator, as it continues to mature the design of its Small Modular Reactor (SMR) technology and remains on track to complete Step 2 of the Generic Design Assessment this summer. COLUMBIA, Md., July 10, 2024 /PRNewswire/ -- GSE Solutions ("GSE Systems, Inc." or "GSE") (NASDAQ:GVP) is a world leader in advanced engineering and workforce solutions across the clean-energy and power industries. This simulator will play a key role in Rolls-Royce SMR's program to develop, verify and validate the performance and control systems of its unique 'factory-built' nuclear power plant. It forms part of a much wider program of developm
Gainers Focus Universal (NASDAQ:FCUV) shares rose 11.8% to $0.26 during Friday's after-market session. The company's market cap stands at $16.8 million. CISO Global (NASDAQ:CISO) shares increased by 10.16% to $0.8. The market value of their outstanding shares is at $9.8 million. Verb Tech (NASDAQ:VERB) shares rose 9.11% to $0.18. The market value of their outstanding shares is at $18.7 million. Autodesk (NASDAQ:ADSK) stock increased by 8.12% to $217.99. The company's market cap stands at $46.6 billion. Inuvo (AMEX:INUV) shares moved upwards by 4.31% to $0.27. The company's market cap stands at $37.2 million. Stronghold Digital Mining (NASDAQ:SDIG) shares moved upwards by 3.52% to $2.94
GSE Systems (NASDAQ:GVP) reported quarterly losses of $(0.35) per share which beat the analyst consensus estimate of $(0.48) by 27.08 percent. This is a 68.75 percent increase over losses of $(1.12) per share from the same period last year. The company reported quarterly sales of $11.283 million which missed the analyst consensus estimate of $12.908 million by 12.59 percent. This is a 3.77 percent increase over sales of $10.873 million the same period last year.
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 the appointment of Mr. Damian DeLongchamp as Chief Operating Officer (COO).
Kyle Loudermilk has submitted a letter of resignation to the Board of Directors and will remain with the company through May 31, 2024 to assist in transition.
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 a significant contract has been secured to deliver nuclear engineering services for a 24-month fuel cycle operation to a major utility company based in the United States.The transition from 18- to 24-month fuel cycles reduce plant outages, enhances fuel reliability and operational margins for utilities without requiring additional measures like increased burnup and enrichment levels. This shift improves power generation facilities' efficiency and stability.
Gainers WiSA Technologies (NASDAQ:WISA) stock increased by 16.7% to $0.03 during Wednesday's after-market session. The company's market cap stands at $5.2 million. Smith Micro Software (NASDAQ:SMSI) stock moved upwards by 5.75% to $0.36. The market value of their outstanding shares is at $27.6 million. GSE Systems (NASDAQ:GVP) shares moved upwards by 5.59% to $3.21. The company's market cap stands at $9.1 million. As per the press release, Q4 earnings came out 2 days ago. CVD Equipment (NASDAQ:CVV) shares rose 5.5% to $6.13. The market value of their outstanding shares is at $41.8 million. As per the press release, Q4 earnings came out 4 days ago. SkyWater Technology (NASDAQ:SKYT) share
COLUMBIA, Md., May 13, 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 the appointment of Mr. Damian DeLongchamp as Chief Operating Officer (COO). Mr. DeLongchamp has been with GSE for more than 7 years and most recently was the Vice President of GSE Programs and Performance group. He brings over 20 years of utility experience both domestically and abroad. His experien
COLUMBIA, Md., March 1, 2022 /PRNewswire/ -- GSE Systems, Inc. ("GSE Solutions" or "GSE") (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 it has appointed Mr. Thomas J. Dougherty to its Board of Directors, as an independent director, effective immediately. Mr. Dougherty has more than 40 years of experience in plant operations, management, and support of nuclear power plants, including his service in the United States Navy Nuclear Submarine program.
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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