COLUMBIA, MD – November 13, 2019 – GSE Systems, Inc. (“GSE” or “the Company”) (Nasdaq: GVP), a leader in delivering end-to-end training, engineering, compliance, simulation, and workforce solutions to the power industry, today announced that it intends to file Form 12b-25 with the U.S. Securities and Exchange Commission (“SEC”) to automatically extend the date for filing its quarterly report on Form 10-Q for the three months ended September 30, 2019 by five days in order to provide additional time to complete analysis related to the valuation allowance and potential goodwill impairment charges associated with the Company’s acquisition of DP Engineering. The outcome of this review will have solely a non-cash impact on GSE’s third quarter 2019 financial results and will not impact adjusted EBITDA.
The Company intends to issue its third quarter 2019 financial results press release on Tuesday, November 19, 2019 after the close of the stock market. Management will host a conference call that day at 4:30 pm Eastern Time to discuss the results. The Company previously announced that it would conduct its conference call on November 14, 2019.
Interested parties may participate in the rescheduled financial results conference call by dialing:
- (877) 407-9753 (Domestic)
- (201) 493-6739 (International)
The conference call will also be accessible via the following link: