GEE Group (JOB) Q2 2025 Earnings Call May 15, 2025 11:00 AM ET Company Participants Derek Dewan - Chairman & CEOKim Thorpe - SVP and CFO Derek Dewan Hello, and welcome to the GEE Group Fiscal twenty twenty five Second Quarter and First Half Ended 03/31/2025 Earnings and Update Webcast Conference Call. I'm Derek Dwan, Chairman and Chief Executive Officer of GEE Group. I will be hosting today's call. Joining me as a co presenter is Kim Thorpe, our Senior Vice President and Chief Financial Officer. Thank you f ...

GEE Group (JOB) Q2 2025 Earnings Call May 15, 2025 11:00 AM ET Speaker0 Hello, and welcome to the GEE Group Fiscal twenty twenty five Second Quarter and First Half Ended 03/31/2025 Earnings and Update Webcast Conference Call. I'm Derek Dwan, Chairman and Chief Executive Officer of GEE Group. I will be hosting today's call. Joining me as a co presenter is Kim Thorpe, our Senior Vice President and Chief Financial Officer. Thank you for joining us today. It is our pleasure to share with you BEE Group's results ...

EX-99.1 2 job_ex991.htm PRESS RELEASE EXHIBIT 99.1 GEE Group Announces Results for the Fiscal 2025 Second Quarter and YTD Jacksonville, FL / May 14, 2025 / Accesswire / GEE Group Inc. (NYSE American: JOB) together with its subsidiaries (collectively referred to as the "Company," "GEE Group," "our" or "we"), a provider of professional staffing services and human resource solutions, today announced consolidated results for the fiscal 2025 second quarter and year to date periods ended March 31, 2025. The Compa ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q ☐ QUARTERLY REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (State or other jurisdiction of incorporation or organization) Illinois 36-6097429 (I.R.S. Employer Identification Number) 7751 Belfort Parkway, Suite 150, Jacksonville, FL 32256 (Address of principal executive offices) (630) 954-0400 For the quarterly period ended March 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE ...

GEE Group Inc. (NYSE:JOB) Q1 2025 Earnings Call Transcript February 14, 2025 11:00 AM ET Company Participants Derek Dewan - Chief Executive Officer and Chairman of the Board Kim Thorpe - Senior Vice President and Chief Financial Officer Conference Call Participants Derek Dewan Hello and welcome to the GEE Group Fiscal 2025 First Quarter ended December 31, 2024 Earnings and Update Webcast Conference Call. I’m Derek Dewan, Chairman and Chief Executive Officer of GEE Group. I will be hosting today’s call. Join ...

EX-99.1 2 job_ex991.htm PRESS RELEASE EXHIBIT 99.1 GEE Group Announces Results for the Fiscal 2025 First Quarter Jacksonville, FL / February 13, 2025 / Accesswire / GEE Group Inc. (NYSE American: JOB) together with its subsidiaries (collectively referred to as the "Company," "GEE Group," "our" or "we"), a provider of professional staffing services and human resource solutions, today announced consolidated results for the fiscal 2025 first quarter ended December 31, 2024. All amounts presented herein are con ...

Financial Performance - The company incurred a net loss of $(692) thousand for the fiscal first quarter ended December 31, 2024, primarily due to declines in business from negative economic and labor market conditions [90]. - Consolidated net revenues for the three months ended December 31, 2024, were $26,026 thousand, a decrease of $4,605 thousand or 15% compared to $30,631 thousand in the same period of 2023 [97]. - Professional contract services revenues decreased by $3,568 thousand or 14%, while industrial contract services revenues decreased by $493 thousand or 20% compared to the prior year [98]. - Direct hire placement services revenues fell by $544 thousand or approximately 18% for the three months ended December 31, 2024, reflecting challenging economic conditions [99]. - The Company's revenues for the three months ended December 31, 2024, decreased by 15% compared to the same period in 2023 [106]. - The loss from operations improved to $(781) for the three months ended December 31, 2024, compared to $(1,674) in 2023 [109]. - The Company's net loss was $(692) for the three months ended December 31, 2024, a reduction of $863 from $(1,555) in 2023 [113]. - Cash flows used in operating activities were $(1,117) for the three months ended December 31, 2024, compared to $(919) in 2023 [116]. Cost Management - The company expects to reduce future annualized selling, general and administrative (SG&A) expenses by approximately $3.0 million pre-tax due to strategic actions taken [91]. - SG&A expenses for the three months ended December 31, 2024, decreased by $1,791 thousand or 17% compared to the same period in 2023, representing approximately 33.9% of revenues [104]. - SG&A expenses were reduced to $91 for the three months ended December 31, 2024, down from $548 in the same period of 2023 [107]. - Amortization expense significantly declined to $205 for the three months ended December 31, 2024, from $720 in 2023, primarily due to impairment charges [108]. Acquisition and Market Potential - The company acquired Hornet Staffing, Inc. on January 3, 2025, which is expected to be accretive to earnings and enhance competitive capabilities [93]. - The Company completed the acquisition of Hornet Staffing, Inc. for $1,100 in cash on January 3, 2025 [119]. - The global MSP/VMS market accounted for approximately $222 billion of temporary staffing spend under management in 2023, indicating significant market potential [94]. Operational Efficiency - The company plans to spend between $500 thousand and $1.0 million on systems and software over the next 12 to 18 months to enhance operational efficiency [91]. - The combined gross profit margin for the three-month periods ended December 31, 2024, was approximately 31.9%, slightly up from 31.8% in 2023 [102]. Cash Position and Borrowings - As of December 31, 2024, the Company had $19,694 in cash, a decrease of $1,134 from $20,828 as of September 30, 2024 [116]. - The Company had $6,977 available for borrowings under its facility as of December 31, 2024, with no outstanding borrowings [121]. - The share repurchase program authorized the Company to buy up to $20 million of its common stock, with 6,129 shares repurchased by December 31, 2023 [122].

EX-99.1 2 job_ex991.htm PRESS RELEASE EXHIBIT 99.1 GEE Group Announces Results for the Fiscal 2024 Full Year and Fourth Quarter Jacksonville, FL, December 19, 2024 /Accesswire/ – GEE Group Inc. (NYSE American: JOB) together with its subsidiaries (collectively referred to as the "Company," "GEE Group," "our" or "we"), a provider of professional staffing services and human resource solutions, today announced consolidated results for the fiscal year and fourth quarter ended September 30, 2024. All amounts pres ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-K ☒ Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended September 30, 2024 ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Commission File Number 1-05707 GEE GROUP INC. | --- | --- | |-------------------------------------------------------------|---------------------------------| | (Exact name of registrant as | specified in its c ...

GEE Group Inc. (NYSE:JOB) Q3 2024 Results Conference Call August 15, 2024 11:00 AM ET Company Participants Derek Dewan - Chairman & Chief Executive Officer Kim Thorpe - Senior Vice President & Chief Financial Officer Alex Stuckey - Chief Operating Officer Derek Dewan Hello and welcome to the GEE Group Fiscal 2024 Third Quarter and Year-To-Date Period, Ended June 30, 2024 Earnings and Update Webcast Conference Call. I'm Derek Dewan, Chairman and Chief Executive Officer of GEE Group. I will be hosting today's ...