GVP - GSE Systems, Inc.

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Income Statement
Balance Sheet
Cash Flow

Income Statement

Annual
All numbers in thousands
Revenue12/31/201712/31/201612/31/2015
Total Revenue70,88053,10156,803
Cost of Revenue52,33636,84343,944
Gross Profit18,54416,25812,859
Operating Expenses
Research Development1,3911,2611,482
Selling General and Administrative15,46912,26012,735
Non Recurring7784901,791
Others677672987
Total Operating Expenses18,31514,68316,995
Operating Income or Loss2291,575-4,136
Income from Continuing Operations
Total Other Income/Expenses Net175197-98
Earnings Before Interest and Taxes4041,772-4,234
Interest Expense---
Income Before Tax4041,772-4,234
Income Tax Expense-4,980350471
Minority Interest---
Net Income From Continuing Ops5,3841,422-4,705
Non-recurring Events
Discontinued Operations---
Extraordinary Items---
Effect Of Accounting Changes---
Other Items---
Net Income
Net Income5,3841,422-4,705
Preferred Stock And Other Adjustments---
Net Income Applicable To Common Shares5,3841,422-4,705