Filing Flows › GEE Group (JOB) › Q4 FY24
GEE Group (JOB) Q4 FY24 earnings results (fourth quarter fiscal 2024)
10-K filed Dec 19, 2024
GEE Group (JOB) reported revenue of $28.3M for the fourth quarter fiscal 2024 (Q4 FY24), -17% from a year earlier and -4% from the quarter before. Operating margin was -5.1%, net loss $2.3M (7.9% of revenue).
GEE Group, Q4 FY24: revenue $28.3M (-17% year over year), operating margin -5.1%, net loss $2.3M, operating cash flow $1.3M. The chart follows the revenue to costs, profit and cash.
| Q4 FY24 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $28.3M | -4% | -17% |
| Operating profit | −$1.5M | — | — |
| Net earnings | −$2.3M | — | — |
| Operating cash flow | $1.3M | — | -60% |
What changed
Revenue was $28.3M in Q4 FY24, down 17% year over year and down 4% from the previous quarter.
Gross margin was 32.4%, down 1.5 points from a year earlier. Operating costs exceeded revenue by $1.5M, an operating margin of -5.1%. Operating expenses fell 12% while revenue fell 17%. The quarter ended with a net loss of $2.3M, narrower than the previous quarter's $19.3M loss. Non-operating items added $5.2M, 139% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $1.3M (down 60% year over year). Non-cash charges added back $270K of depreciation and amortization and $128K of share-based compensation. Working capital and other items added $3.2M.
Questions
What was GEE Group's revenue in the fourth quarter fiscal 2024?
GEE Group (JOB) reported revenue of $28.3M for the fourth quarter fiscal 2024 (Q4 FY24), -17% from a year earlier and -4% from the quarter before.
Was GEE Group profitable in the fourth quarter fiscal 2024?
Operating loss was $1.5M (-5.1% of revenue) and net loss $2.3M.
Source: GEE Group 10-K on SEC EDGAR.