GEE Group(US:JOB)2022-05-17 17:03Company Overview - GEE Group operates in the ~$180 billion staffing services and HR solutions industry[5] - The company's strategy involves organic growth and acquisitions of high-margin businesses[8] - GEE Group aims to reach $1 billion in U S professional revenue[31] Financial Performance - GEE Group's revenue was $162 million for the trailing twelve months (TTM) ending March 31, 2022[9] - Gross profit for the same period was $59 million, representing a 36% gross margin[9] - Non-GAAP Adjusted EBITDA was $14 million, with a 9% margin[9] - The company eliminated $127 million in high-cost debt, resulting in ~$12 million in annual interest savings[5, 18, 46] - In Q2 2022, revenue grew by 14% and professional revenue grew by 17%[38] - Q2 2022 Non-GAAP Adjusted EBITDA was $3.4 million, compared to $2.0 million in Q2 2021[38, 40, 43] Revenue Breakdown - Temporary staffing accounted for 85% of revenue, while permanent placement accounted for 15%[10, 35] - IT contributed 43% to revenue, Finance, Accounting & Office also contributed 43%, Professional Other 4%, and Light Industrial 10%[35]