GEE Group Inc. Reports Third Quarter Fiscal 2025 Results

GEE Group Inc. announced its fiscal 2025 third-quarter results, highlighting a 9% decline in revenues to $24.5 million, down from the same period in fiscal 2024. Year-to-date revenues fell by 10% to $73.0 million. These declines are attributed to challenging macroeconomic conditions and a subdued labor market influenced by factors like high interest rates and trade policy uncertainties.

Professional contract staffing revenues fell 10%, while direct hire placement revenues remained stable. Gross profits for the quarter were reported at $8.7 million, with a gross margin increase to 35.4%. The company's ongoing cost reductions contributed to a lower quarterly net loss of $(0.4) million compared to $(18.1) million in the previous year’s quarter.

Despite these challenges, the GEE Group's balance sheet shows strength with $18.6 million in cash and zero long-term debt. The company also adjusted its strategic focus by leveraging AI and the acquisition of Hornet Staffing to enhance market competitiveness.