GSE Systems Announces Third Quarter 2019 Financial Results
The lower gross profit percentage in Q3 2019 was primarily due to lower margin work from a major customer in 2019.
- The lower gross profit percentage in Q3 2019 was primarily due to lower margin work from a major customer in 2019.
- Amortization of definite-lived intangible assets decreased to $0.5 million in Q3 2019, compared to $0.6 million in Q3 2018.
- Earnings before interest, taxes, depreciation and amortization ("EBITDA") for Q3 2019 was $0.4 million compared to $0.5 million in Q3 2018.
- Management will host a conference call today at 4:30 pm Eastern Time to discuss Q3 2019 results as well as other matters.