Friday, May 17, 2024 | Baltimore, MD
Baltimore, MD
66°
Cloudy
FOLLOW US:

GSE Systems warns of possible inability to meet financial obligations as potential delisting looms

May 17, 2023

 

GSE Systems Inc. has raised “substantial doubt” about its ability to meet its financial obligations while also continuing to face potential delisting from the Nasdaq Stock Market. The Columbia-based company, which provides engineering, staffing and simulation software to nuclear, electrical and other power industries, is in a tough spot financially, having lost almost $3 million, or 13 cents a share in the first quarter of 2023.

Article Source: Baltimore Business Journal

The Morning Rundown

We’re staying up to the minute on the issues shaping the future. Join us on the newsletter of choice for Maryland politicos and business leaders. It’s always free to join and never a hassle to leave. See you on the inside.