GSE Systems Income Statement

Quarterly: March 2012 - December 2009 Previous Quarters
Annual

Income	2012-03	2011-12	2011-09	2011-06	2011-03	2010-12	2010-09	2010-06	2010-03	2009-12
Revenue	13.39M	15.00M	12.55M	11.26M	12.32M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Cost of Revenue	9.47M	10.50M	7.931M	7.50M	8.847M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Gross Profit	3.919M	4.495M	4.618M	3.757M	3.475M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Research & Development Expense						Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Selling, General, & Admin. Expense	3.486M	2.752M	3.302M	3.198M	3.42M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Depreciation & Amortization	0.215M	0.451M	0.341M	0.311M	0.342M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Operating Interest Expense						Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Other Operating Income (Expense)						Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Total Operating Expenses	13.17M	13.71M	11.57M	11.01M	12.61M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Operating Income	0.218M	1.292M	0.975M	0.248M	-0.287M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Non-Operating Income	0.537M	-0.075M	-0.069M	-0.407M	0.686M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Pretax Income	0.755M	1.217M	0.906M	-0.159M	0.399M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Provision for Income Taxes	0.225M	0.043M	0.048M	0.085M	-0.614M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Income after Tax	0.53M	1.174M	0.858M	-0.244M	1.013M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Minority Interest						Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Minority Interest						Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Equity In Affiliates						Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Income Before Extraordinaries & Disc. Operations	0.53M	1.174M	0.858M	-0.244M	1.013M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Investment Gains/Losses						Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Other Income/Charges						Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Income from Discontinued Operations						Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Net Income	0.53M	1.174M	0.858M	-0.244M	1.013M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Earnings Per Share Data	2012-03	2011-12	2011-09	2011-06	2011-03	2010-12	2010-09	2010-06	2010-03	2009-12
Average Shares to compute diluted EPS	18.47	19.12	18.99	19.21	19.50	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Average Shares used to compute basic EPS	18.40	18.95	18.88	19.21	19.21	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
EPS - Basic net	0.03	0.06	0.05	-0.01	0.05	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
EPS - Diluted net	0.03	0.06	0.05	-0.01	0.05	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro