GEE Group(US:JOB)2025-12-18 21:10Financial Performance - Consolidated revenues for Q4 and fiscal year 2025 were $23.5 million and $96.5 million, down 10% compared to fiscal 2024[4] - Professional contract staffing services revenues for Q4 and fiscal year 2025 were $20.4 million and $84.7 million, both down 11% year-over-year[4] - Gross profits for Q4 and fiscal year 2025 were $8.4 million and $33.4 million, down 8% compared to the same periods in fiscal 2024[4] - Losses from continuing operations for Q4 and fiscal year 2025 were $(613) thousand and $(34.7) million, compared to $(2.1) million and $(22.7) million for the same periods in fiscal 2024[4] - Adjusted EBITDA for Q4 and fiscal year 2025 was $(306) thousand and $(1.2) million, an improvement from $(924) thousand and $(2.0) million in fiscal 2024[4] - Net revenues for the three months ended September 30, 2025, were $23,461,000, a decrease of 10.3% compared to $26,162,000 for the same period in 2024[21] - Gross profit for the twelve months ended September 30, 2025, was $33,372,000, down from $36,142,000 in 2024, reflecting a decline of 7.1%[21] - The company reported a consolidated net loss of $513,000 for the three months ended September 30, 2025, compared to a net loss of $2,253,000 for the same period in 2024[21] - The company experienced a loss from continuing operations of $613,000 for the three months ended September 30, 2025, compared to a loss of $2,134,000 in 2024[21] Cash Flow and Assets - Free cash flow for fiscal year 2025 was positive $533 thousand, compared to $144 thousand in fiscal 2024[9] - Non-GAAP free cash flow for the twelve months ended September 30, 2025, was $533,000, significantly higher than $144,000 in 2024[21] - Cash and cash equivalents increased to $21,364,000 as of September 30, 2025, from $20,735,000 in 2024, indicating a growth of 3.1%[23] - As of September 30, 2025, cash balances were $21.4 million, with a current ratio of 4.1 and zero long-term debt[9] - Total assets decreased to $59,997,000 as of September 30, 2025, from $95,902,000 in 2024, representing a decline of 37.4%[23] - The company's accumulated deficit increased to $60,479,000 as of September 30, 2025, compared to $25,732,000 in 2024[23] Strategic Initiatives - The Company acquired Hornet Staffing, Inc. on January 3, 2025, enhancing its competitive position in the staffing market[9] - The Company plans to implement AI tools to enhance recruiting and sales processes, aiming to increase market share despite industry volatility[10] - The company plans to continue focusing on specialized staffing solutions in various sectors, including healthcare and technology, to drive future growth[25] Expenses - Selling, general and administrative expenses (SG&A) were $8.9 million and $35.6 million for Q4 and fiscal year 2025, down 13% and 11% respectively[4]