GEE Group FY26 Q3 net income swings to $566,000; revenue falls 15% to $20.77 million
Reuters2026/08/12 20:24- GEE Group posted net income from continuing operations of USD 566,000 for the quarter ended June 30, 2026, swinging from a loss.
- Revenue fell 15% to USD 20.77 million, driven by a 20% drop in professional contract services to USD 17.02 million.
- Direct hire placement services climbed 16% to USD 3.75 million; combined gross margin widened 4.5 percentage points to 39.9%.
- Operating income was USD 378,000 versus an operating loss a year earlier; SG&A fell to USD 7.83 million.
- Other income totaled USD 196,000 from eliminating contingent Hornet promissory note installments tied to minimum average gross profit requirements.
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