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Stock impact report

GEE Group Announces Results for the Fiscal 2024 Full Year and Fourth Quarter [Yahoo! Finance]

GEE Group Inc. (JOB) 
NASDAQ:AMEX Investor Relations: ir.geegroup.com
Company Research Source: Yahoo! Finance
its subsidiaries (collectively referred to as the "Company," "GEE Group," "our" or "we"), a provider of professional staffing services and human resource solutions, today announced consolidated results for the fiscal year and fourth quarter ended September 30, 2024. All amounts presented herein are consolidated or derived from consolidated amounts, and are rounded and represent approximations, accordingly. Fiscal 2024 Full Year and Q4 Highlights Consolidated revenues for the fourth quarter and fiscal year ended September 30, 2024 were $28.3 million and $116.5 million, down 17% and 24%, respectively, over the comparable fiscal 2023 periods. The decrease in consolidated revenues was mainly attributable to a decline in demand for the Company's services resulting in fewer job orders stemming from lay-offs and hiring freezes put in place by companies due to the continuation of macroeconomic weaknesses and uncertainty including the possibility of a recession, and persistent inflation. T Show less Read more
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