EX-99.1 2 job_ex991.htm PRESS RELEASE EXHIBIT 99.1 GEE Group Announces Results for the Fiscal 2024 Third Quarter and YTD Jacksonville, FL, August 14, 2024 /Accesswire/ – GEE Group Inc. (NYSE American: JOB) together with its subsidiaries (collectively referred to as the "Company", "GEE Group", "us", "our", or "we"), a provider of professional staffing services and human resource solutions, today announced consolidated results for the fiscal 2024 third quarter and year-to-date results for the period ended Jun ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 Illinois 36-6097429 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification Number) Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, no par value JOB NYSE American Large accelerated filer ☐ Accelerated filer ☐ Non-accelerated filer ☒ Smaller reporting company ☒ Emerging growth company ☐ FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SE ...

GEE Group Inc. (NYSE:JOB) Q2 2024 Earnings Conference Call May 16, 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, Conference Call Participants Derek Dewan Hello, and welcome to the GEE Group Fiscal 2024 Second Quarter, and First Half ended March 31, 2024, earnings and update webcast conference call. I'm Derek Dewan, Chairman and Chief Executive Officer of GEE Group. I ...

Financial Performance - Consolidated revenues for Q2 2024 were $28.0 million, down 28% year-over-year, and $58.7 million for the first half, down 27% compared to the same period in 2023[4] - Professional contract services revenues decreased to $23.1 million for Q2 2024, down $7.6 million from Q2 2023, and $48.2 million for the first half, down $14.3 million year-over-year[4] - Direct hire placement revenues fell to $2.4 million for Q2 2024, down from $4.9 million in Q2 2023, and $5.5 million for the first half, down from $10.6 million in the same period last year[4] - Total net revenues for Q1 2024 were $28,050 thousand, a decline of 28% compared to $38,859 thousand in Q1 2023[25] - Gross profit for Q1 2024 was $8,767 thousand, down 34% from $13,216 thousand in Q1 2023[25] Profitability and Loss - Gross profits for Q2 2024 were $8.7 million with a gross margin of 31.3%, compared to $13.2 million and 34.0% in Q2 2023[4] - Net loss for Q2 2024 was $(1.0) million, or $(0.01) per diluted share, compared to net income of $0.7 million, or $0.01 per diluted share in Q2 2023[6] - Net income for Q1 2024 was $(1,008) thousand, a decrease from $658 thousand in Q1 2023, representing a decline of 253%[21] - Non-GAAP adjusted EBITDA for Q1 2024 was $(630) thousand, down from $1,702 thousand in Q1 2023, a decrease of 137%[21] - Adjusted EBITDA for Q2 2024 was $(0.6) million, down from $1.7 million in Q2 2023, reflecting the impact of fewer job orders and wage inflation[8] Cash Flow and Liquidity - Free cash flow year-to-date for fiscal 2024 was $0.4 million, compared to $1.3 million for the first half of fiscal 2023[8] - Net cash provided by operating activities for the first half of 2024 was $423 thousand, a decrease of 70% from $1,439 thousand in the same period of 2023[24] - Non-GAAP free cash flow for the first half of 2024 was $385 thousand, down 72% from $1,355 thousand in the first half of 2023[24] - As of March 31, 2024, the company had a cash balance of $21.2 million and a current ratio of 3.9, with zero long-term debt[8] Assets and Liabilities - Total assets as of March 31, 2024, were $117,012 thousand, a decrease of 5% from $123,611 thousand as of September 30, 2023[26] - Total liabilities as of March 31, 2024, were $11,539 thousand, down from $14,310 thousand as of September 30, 2023, a reduction of 19%[26] Strategic Focus - The company is implementing strategic recommendations from DC Advisory, focusing on organic and M&A growth while maintaining a cautious approach to share repurchases[9] - The company is focused on expanding its staffing solutions in the healthcare sector, particularly through its Scribe Solutions brand[27] Expenses - Selling, general and administrative expenses (SG&A) were $10.0 million for Q2 2024, down 15% year-over-year, but SG&A as a percentage of revenues increased to 35.7% from 30.1% in Q2 2023[4]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q ☒ QUARTERLY REPORT UNDER SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Illinois 36-6097429 ☐ 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 charter) (State or other jurisdiction of incorporation or (I.R.S. Employer Identification Number) 7751 Belfort Parkway, Suite 150, Jacksonville, ...

GEE Group Inc. (NYSE:JOB) Q1 2024 Earnings Conference Call February 14, 2024 11:00 AM ET Company Participants Derek Dewan - Chairman & Chief Executive Officer Kim Thorpe - Senior Vice President & Chief Financial Officer Conference Call Participants Derek Dewan Hello, and welcome to the GEE Group fiscal 2024 First Quarter Ended December 31, 2023 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. Joining me as a co-p ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q ☒ QUARTERLY REPORT UNDER SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 2023 OR ☐ 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 charter) Illinois 36-6097429 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Iden ...

GEE Group Inc. (NYSE:JOB) Q4 2023 Earnings Conference Call December 19, 2023 11:00 AM ET Company Participants Derek Dewan - Chairman and CEO Kim Thorpe - SVP and CFO Derek Dewan Hello, and welcome to the GEE Group Fiscal Fourth Quarter and Year End September 30, 2023 Earnings and our update for 2024 Webcast Conference Call. I'm Derek Dewan, the Chairman and Chief Executive Officer of GEE Group, and will be hosting today's call. Joining me as a co-presenter is Kim Thorpe, our Senior Vice President and Chief ...

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, 2023 ☐ 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 charter) (State or other jurisdiction of incorporation or organization) Illinois 36-6097429 (I.R.S. Employer Identifi ...

GEE Group Inc. (NYSE:JOB) Q3 2023 Earnings Conference Call August 15, 2023 11:00 AM ET Company Participants Derek Dewan - Chairman and CEO Kim Thorpe - SVP and CFO Derek Dewan Good morning, and welcome to the GEE Group Fiscal 2023 Third Quarter Ended June 30, 2023 Earnings and Update Webcast Conference Call. I'm Derek Dewan, the Chairman and Chief Executive Officer of GEE Group, and we will be hosting today's call. Joining me as a co-presenter is Kim Thorpe, our Senior Vice President and Chief Financial Off ...