JOB 8-K
GEE Group Inc. (JOB)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 2.02 Results of Operations and Financial Conditions.
On August 12, 2026, GEE Group Inc. (the “Company”) (NYSE American: JOB) issued a press release announcing the Company’s consolidated results for the fiscal 2026 third quarter and year-to-date periods ended June 30, 2026. A copy of the press release is attached as Exhibit 99.1 and is incorporated herein by reference.
The information furnished herein, including Exhibit 99.1, is not deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liability of that section. This information will not be deemed to be incorporated by reference into any filing under the Securities Act of 1933, as amended (the “1933 Act”), or the Exchange Act, except to the extent that the registrant specifically incorporates them by reference.
Item 7.01 Regulation FD.
The Company prepared an investor presentation, dated August 12, 2026, that will be used by the Company to describe the Company’s business to stockholders (the “Presentation”). A copy of the Presentation is attached hereto as Exhibit 99.2 and incorporated into this Item 7.01 by reference.
As provided in General Instruction B.2 of Form 8-K, the information in this Item 7.01 and Exhibit 99.2 is “furnished” and shall not be deemed to be “filed” for purposes of Section 18 of the Exchange Act, or otherwise subject to the liability of such section nor shall it be deemed incorporated by reference in any filing under the 1933 Act, or the Exchange Act, regardless of any general incorporation language in such filing.
Item 9.01 Financial Statements and Exhibits.
Exhibits
Exhibit No. |
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104 |
| Cover Page Interactive Data File (embedded within the Inline XBRL document) |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| GEE GROUP INC. |
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Date: August 12, 2026 | By: | /s/ Kim Thorpe |
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| Kim Thorpe |
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| Chief Financial Officer |
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EXHIBIT 99.1
GEE Group Announces Improved Financial Results for the Fiscal 2026 Third Quarter and Year-to-Date
Direct Hire Placement Revenue, Gross Margin & Net Income Increased
JACKSONVILLE, FL / ACCESS Newswire / August 12, 2026 / GEE Group Inc. (NYSE American: JOB) together with 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 2026 third quarter and year-to-date periods ended June 30, 2026. The Company’s contract and direct hire placement services are currently provided under its Professional Staffing Services operating division or segment. The operations and substantially all the assets of the Company’s former Industrial Staffing Services segment were sold during fiscal 2025 and have been reclassified as discontinued operations and are excluded from the results of continuing operations reported below, unless otherwise stated. All amounts presented herein are consolidated or derived from consolidated amounts, and are rounded and represent approximations, accordingly.
Fiscal 2026 Third quarter and YTD Continuing Operations Highlights
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| · | The Company produced net income from continuing operations for the three-month period ended June 30, 2026 of $566 thousand, or $0.01 per diluted share, an improvement from a net loss from continuing operations of $(401) thousand, or $(0.00) per diluted share, for the comparable fiscal 2025 period. Net income from continuing operations for the nine-month period ended June 30, 2026 was $430 thousand, or $0.00 per diluted share, an improvement from a net loss from continuing operations of $(34.0) million, or $(0.31) per diluted share, for the comparable fiscal 2025 period. The results of the comparable fiscal 2025 periods include $31.7 million in non-cash charges, comprised of a $22.0 million goodwill impairment charge and a $9.7 million provision for income taxes attributable to an increase in the Company’s valuation allowance on its deferred tax assets. In addition to the absence of comparable non-cash charges in fiscal 2026, growth in our direct hire placement revenues, gross margin improvements, cost reductions and productivity enhancements initiated during the latter portion of fiscal 2025 contributed to the improvement in our financial results. |
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| · | Adjusted EBITDA (a non-GAAP financial measure) for the three and nine-month periods ended June 30, 2026 was $570 thousand and $582 thousand, respectively, improving from $(25) thousand and $(918) thousand for the comparable fiscal 2025 periods. Reconciliations of net income (loss) from continuing operations to non-GAAP adjusted EBITDA are attached hereto. |
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| · | Direct hire placement revenues for the three and nine-month periods ended June 30, 2026 increased and were $3.8 million and $9.7 million, respectively, improving approximately 16% and 10% over the comparable fiscal 2025 periods. Historically, in a weaker labor demand environment, direct hire placements are not as robust as temporary contract hires. However, there has been a shift in employment needs of businesses and the demand environment has gradually shifted toward and improved for these more profitable full-time hires by customers. The Company continues to capitalize on these opportunities and based upon recent trends, is cautiously optimistic that the demand for direct hire placements will be stable and possibly increase for the remainder of the fiscal year. |
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| · | Contract staffing services revenues for the three and nine-month periods ended June 30, 2026 were $17.0 million and $51.1 million, respectively, down 20% and 21% over the comparable fiscal 2025 periods. These decreases are attributable to the following events and conditions. The acquisition of one of the Company’s higher volume, lower margin contract staffing services accounts which resulted in the replacement of the services we provided to the customer by an affiliate of the acquirer accounted for approximately half of the decrease. This account produced revenues of $2.2 million and $7.3 million during the prior three and nine-month periods ended June 30, 2025, respectively. Absent the loss of this customer, contract staffing services revenues decreased 11% for the quarter and 10% year-to-date. The remaining decline in revenue is mainly attributable to continuing volatile macroeconomic conditions, a shift in the demand environment toward permanent hires, certain contract staffing jobs being replaced by artificial intelligence and uncertainties related to tariffs, inflation, geopolitical turmoil and relatively high interest rates. The aforementioned conditions have had an overall dampening affect on the U.S. labor markets. |
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| · | Consolidated revenues for the three and nine-month periods ended June 30, 2026, were $20.8 million and $60.8 million, respectively, down 15% and 17% over the comparable fiscal 2025 periods. These decreases in our consolidated revenues are attributable to the declines in contract services revenue as discussed above. |
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| · | Gross margins increased for the three and nine-month periods ended June 30, 2026 and were 39.9% and 38.0%, respectively, improvements of 4.5 percentage points or 450 basis points and 3.8 percentage points or 380 basis points from 35.4% and 34.2%, respectively, for the comparable fiscal 2025 periods. The improvements in our gross margins are attributable to an increase in the mix of direct hire placement revenues, which have a 100% gross margin, relative to total revenue. Additionally, improvements in the mix of prices and spreads on our professional contract staffing services revenues contributed to the improvements. |
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| · | Selling, general and administrative expenses ("SG&A") were reduced for the three and nine-month periods ended June 30, 2026 and were $7.8 million and $23.0 million, respectively, down 12% and 14% over the comparable fiscal 2025 periods. The cost reduction initiatives implemented by the Company during the latter portion of fiscal 2025 contributed approximately $1.1 million and $3.5 million to the improvements in SG&A during the three and nine-month periods ended June 30, 2026, respectively, as compared to the same periods in fiscal 2025. |
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| · | Net cash used in operating activities was $(805) thousand for the nine-month period ended June 30, 2026, an improvement from $(1.9) million of net cash used in operating activities for the comparable fiscal 2025 period. The Company produced net cash from operating activities of $57 thousand during the three-month period ended June 30, 2026. Free cash flow (a non-GAAP financial measure), including cash flows from discontinued operations, was negative $(1.0) million for the nine-month period ended June 30, 2026, an improvement from negative $(1.9) million for the comparable fiscal 2025 period. Reconciliations of net cash used in operating activities to non-GAAP free cash flow are attached hereto. |
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| · | The Company has a strong liquidity position. As of June 30, 2026, cash balances were $20.3 million, borrowing availability under GEE Group's bank ABL credit facility was $5.2 million, which remains undrawn, and net working capital was $24.4 million. Our current ratio was 5.0, shareholders' equity was $50.7 million, and we had zero long-term debt. |
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| · | Net book value per share and net tangible book value per share were $0.46 and $0.23, respectively, as of June 30, 2026. |
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| · | As a result of our Industrial Segment being discontinued and sold on June 2, 2025, the results of that segment have been reclassified to loss from discontinued operations in the Company's consolidated statements of operations for the comparable fiscal 2025 periods referenced in this earnings press release. |
GEE Group Inc. will hold an investor webcast/conference call on Thursday, August 13, 2026 at 11 a.m. EST to review and discuss the fiscal 2026 third quarter and year-to-date results. The Company’s prepared remarks will be posted on its website www.geegroup.com prior to the call.
Investor Conference Call/Webcast Information:
The investor conference call will be webcast, and you should pre-register in advance for the event to view and/or listen via the internet by clicking on the link below to join the conference call/webcast from your laptop, tablet or mobile device. Audio will stream through your selected device, so be sure to have headphones or your volume turned up. Questions can be submitted via email after the prepared remarks are delivered with management responding real time. A full replay of the investor conference call/webcast will be available at the same link shortly after the conclusion of the live event.
Audience Event Link:
https://event.webcasts.com/starthere.jsp?ei=1772380&tp_key=514d1f6112
A confirmatory email will be sent to each registrant to acknowledge a successful registration.
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Management Comments
Derek E. Dewan, Chairman and Chief Executive Officer of GEE Group, commented, "I am pleased to report that the Company produced improved financial results for the fiscal third quarter and the first nine months of fiscal 2026. GEE Group significantly increased gross margin, net income and adjusted EBITDA for these periods while lowering SG&A. We have managed to deliver better results so far this year in a “choppy” labor market and will continue to adjust our business plan as necessary to improve our performance and increase shareholder value. The growth in the Company’s direct hire placement revenue appears to be an indicator that macroeconomic conditions are stabilizing somewhat as we see businesses initiate new projects requiring the addition of human resources. Thus, we remain cautiously optimistic that we will see more job orders for full-time hires and contingent staffing positions which will help us increase revenue from direct hire and contract staffing placements. GEE Group is strategically implementing and incorporating AI in its business processes which is intended to help streamline and enhance recruiting, lower costs and accelerate our sales efforts. We also intend to continue providing our clients with the necessary human resources solutions to implement and support their use of AI and help them create increased efficiency and profitability."
Mr. Dewan further commented, "As we have announced previously, the Company engaged Roth Capital Partners, LLC (“Roth”) to assist us in performing an analysis of strategic alternatives (the “process”) available to the Company which will contribute to increased shareholder value. GEE Group has made substantial progress with the process. Roth has been working extensively with the Company’s Board of Directors, and its standing M&A Committee, to perform this analysis, including obtaining and assisting the Company in assessing and evaluating the indications of interests from interested parties in connection with an M&A opportunity or other strategic transaction.
On May 14, 2026, GEE Group Inc. announced in a press release that it filed a “Universal Shelf Registration Statement” with the Securities and Exchange Commission on Form S-3. Once declared effective, it will allow the Company to issue and sell from time to time in one or more offerings, subject to certain NYSE and SEC rules and regulations, up to $100 million in equity or debt including common stock, preferred stock, debt securities or other instruments in amounts, at prices and on terms to be determined based on market conditions at the time of sale and as set forth in an accompanying prospectus or prospectus supplement.
Mr. Dewan stated, “The Universal Shelf Registration is intended to provide the Company with maximum financial flexibility to efficiently access the capital markets for purposes of raising additional debt or equity capital in the future for appropriate purposes should one or more opportunities present themselves including those in connection with an M&A or other strategic transaction that stand to increase shareholder value.”
The “Universal Shelf Registration Statement” (FORM S-3) related to the securities discussed herein has been filed with the SEC but has not yet become effective. Securities may not be sold, nor may offers to buy be accepted, prior to the time the registration becomes effective and only through a prospectus or prospectus supplement. This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation, or sale would be unlawful.
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Additional Information to Consider in Conjunction with the Press Release
The aforementioned Fiscal 2026 Third Quarter Highlights and Results should be read in conjunction with all of the financial and other information included in GEE Group's most recent Annual Report on Form 10-K, its Quarterly Reports on Form 10-Q, as well as any applicable recent Current Reports on Forms 8-K and 8-K/A, Registration Statements and Amendments on Forms S-1 and S-3, and Information Statements on Schedules 14A and 14C, filed with the SEC. The discussion of financial results in this press release, and the information presented herein, include the use of non-GAAP financial measures. Schedules are attached hereto which reconcile the related financial items prescribed by accounting principles generally accepted in the United States (“GAAP” or “U.S. GAAP”) to the non-GAAP financial information. These non-GAAP financial measures are not a substitute for the comparable measures prescribed by GAAP as further discussed below in this press release. See "Use of Non-GAAP Financial Measures" and the reconciliations of Non-GAAP Financial Measures used in this press release with the Company’s corresponding financial measures presented in accordance with U.S. GAAP below.
Financial information provided in this press release also may consist of or refer to estimates, projected or pro forma financial information and certain assumptions that are considered forward looking statements, are predictive in nature and depend on future events, and any such predicted or projected financial or other results may not be realized nor are they guarantees of future performance. See "Forward-Looking Statements Safe Harbor" below which incorporates "Risk Factors" which may possibly have a negative effect on the Company's business.
Use of Non-GAAP Financial Measures
The Company discloses certain non-GAAP financial measures in this press release, including EBITDA, adjusted EBITDA, and free cash flow. Management and the Board of Directors use and refer to these non-GAAP financial measures internally as a supplement to financial information presented in accordance with U.S. GAAP. Non-GAAP financial measures are used for purposes of evaluating operating performance, financial planning purposes, establishing operational and budgetary goals, compensation plans, analysis of debt service capacity, capital expenditure planning and determining working capital needs. The Company also believes that these non-GAAP financial measures are considered useful by investors.
Non-GAAP EBITDA is defined as net loss from continuing operations before interest, other income, taxes, depreciation and amortization. Non-GAAP adjusted EBITDA is defined as EBITDA, adjusted for non-cash stock compensation expenses, acquisition, integration, restructuring and other non-recurring expenses, capital market-related expenses, and gains or losses on extinguishment of debt or sale of assets. Non-GAAP free cash flow is defined as net cash used in operating activities, less capital expenditures.
Non-GAAP EBITDA, adjusted EBITDA, and free cash flow are not terms proscribed or defined by GAAP and, as a result, the Company's measure of them may not be comparable to similarly titled measures used by other companies. Generally, a non-GAAP financial measure is a numerical measure of a company's performance, financial position, or cash flow that either excludes or includes amounts that are not normally excluded or included in the most directly comparable measure calculated and presented in accordance with GAAP. The non-GAAP financial measures discussed above should be considered in addition to, and not as substitutes for, nor as being superior to net income or net loss reported in the consolidated statements of income, cash and cash flows reported in the consolidated statements of cash flows, or other measures of financial performance reflected in the Company's consolidated financial statements prepared in accordance with U.S. GAAP included in Form 10-K and Form 10-Q for their respective periods filed with the SEC, which should be read and referred to in order to obtain a comprehensive and thorough understanding of the Company's financial results. The reconciliations of net loss or net income from continuing operations to non-GAAP EBITDA and non-GAAP adjusted EBITDA, and net cash used in operating activities to non-GAAP free cash flows referred to in the highlights or elsewhere in this press release are provided in the following schedules that also form a part of this press release.
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Reconciliation of Net Loss from Continuing Operations to
Non-GAAP EBITDA and Adjusted EBITDA
Three Month Periods Ended June 30,
(In thousands)
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| 2026 |
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| 2025 |
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| Net income (loss) from continuing operations |
| $ | 566 |
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| $ | (401 | ) |
| Interest expense |
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| 119 |
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| 112 |
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| Interest income |
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| (112 | ) |
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| (140 | ) |
| Other income |
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| (196 | ) |
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| - |
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| Income taxes |
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| 1 |
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| (115 | ) |
| Depreciation |
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| 45 |
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| 49 |
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| Amortization |
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| 21 |
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| 225 |
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| Non-GAAP EBITDA |
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| 444 |
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| (270 | ) |
| Non-cash stock compensation |
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| 69 |
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| 177 |
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| Severance agreements |
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| 63 |
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| 17 |
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| Acquisition, integration & restructuring |
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| 34 |
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| 51 |
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| Other losses (gains) |
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| (40 | ) |
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| - |
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| Non-GAAP adjusted EBITDA |
| $ | 570 |
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| $ | (25 | ) |
Reconciliation of Net Loss from Continuing Operations to
Non-GAAP EBITDA and Adjusted EBITDA
Nine Month Periods Ended June 30,
(In thousands)
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| 2026 |
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| 2025 |
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| Net income (loss) from continuing operations |
| $ | 430 |
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| $ | (34,041 | ) |
| Interest expense |
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| 250 |
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| 267 |
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| Interest income |
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| (356 | ) |
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| (434 | ) |
| Other income |
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| (392 | ) |
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| - |
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| Income taxes |
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| (20 | ) |
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| 9,671 |
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| Depreciation |
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| 136 |
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| 154 |
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| Amortization |
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| 101 |
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| 655 |
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| Non-cash goodwill impairment charges |
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| - |
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| 22,000 |
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| Non-GAAP EBITDA |
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| 149 |
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| (1,728 | ) |
| Non-cash stock compensation |
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| 268 |
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| 418 |
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| Severance agreements |
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| 119 |
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| 17 |
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| Acquisition, integration & restructuring |
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| 86 |
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| 368 |
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| Other losses (gains) |
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| (40 | ) |
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| 7 |
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| Non-GAAP adjusted EBITDA |
| $ | 582 |
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| $ | (918 | ) |
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Reconciliation of Net Cash provided by (used in) Operating
Activities to Non-GAAP Free Cash Flow
Nine Month Periods Ended June 30,
(In thousands)
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| 2026 |
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| 2025 |
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| Net cash used in operating activities |
| $ | (805 | ) |
| $ | (1,884 | ) |
| Acquisition of property and equipment |
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| (208 | ) |
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| (16 | ) |
| Non-GAAP free cash flow |
| $ | (1,013 | ) |
| $ | (1,900 | ) |
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| GEE GROUP INC. |
| CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) |
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| Three Months Ended June 30, |
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| 2026 |
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| NET REVENUES: |
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| Contract staffing services |
| $ | 17,019 |
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| $ | 21,301 |
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| $ | 51,113 |
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| $ | 64,310 |
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| Direct hire placement services |
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| 3,746 |
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| 3,222 |
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| 9,649 |
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| 8,733 |
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| NET REVENUES |
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| 20,765 |
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| 24,523 |
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| 60,762 |
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| 73,043 |
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| Cost of contract services |
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| 12,484 |
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| 15,842 |
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| 37,661 |
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| 48,076 |
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| GROSS PROFIT |
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| 8,281 |
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| 8,681 |
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| 23,101 |
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| 24,967 |
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| Selling, general and administrative expenses |
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| 7,837 |
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| 8,951 |
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| 22,952 |
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| 26,695 |
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| Depreciation expense |
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| 45 |
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| 49 |
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| 136 |
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| 154 |
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| Amortization of intangible assets |
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| 21 |
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| 225 |
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| 101 |
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| 655 |
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| Goodwill impairment charge |
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| - |
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| - |
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| - |
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| 22,000 |
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| INCOME (LOSS) FROM OPERATIONS |
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| 378 |
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| (544 | ) |
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| (88 | ) |
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| (24,537 | ) |
| Interest expense |
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| (119 | ) |
|
| (112 | ) |
|
| (250 | ) |
|
| (267 | ) |
| Interest income |
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| 112 |
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|
| 140 |
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|
| 356 |
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|
| 434 |
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| Other income |
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| 196 |
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|
| - |
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|
| 392 |
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| - |
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| INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAX PROVISION |
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| 567 |
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| (516 | ) |
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| 410 |
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| (24,370 | ) |
| Provision for income tax (expense) benefit attributable to continuing operations |
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| (1 | ) |
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| 115 |
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|
| 20 |
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| (9,671 | ) |
| INCOME (LOSS) FROM CONTINUING OPERATIONS |
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| 566 |
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| (401 | ) |
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| 430 |
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| (34,041 | ) |
| Loss from discontinued operations, net of tax |
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| - |
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| (22 | ) |
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| - |
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|
| (193 | ) |
| CONSOLIDATED NET INCOME (LOSS) |
| $ | 566 |
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| $ | (423 | ) |
| $ | 430 |
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| $ | (34,234 | ) |
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| WEIGHTED AVERAGE SHARES OUTSTANDING: |
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| BASIC |
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| 109,871 |
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| 109,413 |
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| 109,784 |
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| 109,413 |
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| DILUTED |
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| 110,160 |
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| 109,413 |
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| 109,980 |
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| 109,413 |
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| BASIC AND DILUTED INCOME (LOSS) PER SHARE |
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| From continuing operations |
| $ | 0.01 |
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| $ | (0.00 | ) |
| $ | 0.00 |
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| $ | (0.31 | ) |
| From discontinued operations |
| $ | - |
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| $ | (0.00 | ) |
| $ | - |
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| $ | (0.00 | ) |
| Consolidated net income (loss) per share |
| $ | 0.01 |
|
| $ | (0.00 | ) |
| $ | 0.00 |
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| $ | (0.31 | ) |
| 8 |
| GEE GROUP INC. |
| CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) |
| (Amounts in thousands) |
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| June 30, 2026 |
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| September 30, 2025 |
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| ASSETS |
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| CURRENT ASSETS: |
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| Cash |
| $ | 20,272 |
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| $ | 21,364 |
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| Accounts receivable, less allowances ($110 and $76, respectively) |
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| 9,811 |
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| 9,695 |
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| Prepaid expenses and other current assets |
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| 480 |
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| 622 |
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| Total current assets |
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| 30,563 |
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| 31,681 |
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| Property and equipment, net |
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| 427 |
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| 354 |
|
| Goodwill |
|
| 24,759 |
|
|
| 24,759 |
|
| Intangible assets, net |
|
| 519 |
|
|
| 620 |
|
| Right-of-use assets |
|
| 3,162 |
|
|
| 2,443 |
|
| Other long-term assets |
|
| 123 |
|
|
| 140 |
|
| TOTAL ASSETS |
| $ | 59,553 |
|
| $ | 59,997 |
|
|
|
|
|
|
|
|
|
|
|
| LIABILITIES AND SHAREHOLDERS' EQUITY |
|
|
|
|
|
|
|
|
| CURRENT LIABILITIES: |
|
|
|
|
|
|
|
|
| Accounts payable |
| $ | 1,169 |
|
| $ | 1,392 |
|
| Accrued compensation |
|
| 3,674 |
|
|
| 4,519 |
|
| Current operating lease liabilities |
|
| 1,000 |
|
|
| 986 |
|
| Current portion of notes payable |
|
| - |
|
|
| 196 |
|
| Other current liabilities |
|
| 328 |
|
|
| 595 |
|
| Total current liabilities |
|
| 6,171 |
|
|
| 7,688 |
|
| Deferred taxes, net |
|
| 236 |
|
|
| 262 |
|
| Noncurrent operating lease liabilities |
|
| 2,465 |
|
|
| 1,829 |
|
| Notes payable |
|
| - |
|
|
| 196 |
|
| Other long-term liabilities |
|
| - |
|
|
| 12 |
|
| Total liabilities |
|
| 8,872 |
|
|
| 9,987 |
|
|
|
|
|
|
|
|
|
|
|
| Commitments and contingencies |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| SHAREHOLDERS' EQUITY |
|
|
|
|
|
|
|
|
| Common stock, no par value; authorized - 200,000 shares; 114,900 shares issued and 109,870 shares outstanding at June 30, 2026 and 114,900 shares issued and 109,413 shares outstanding at September 30, 2025 |
|
| 113,599 |
|
|
| 113,675 |
|
| Accumulated deficit |
|
| (60,049 | ) |
|
| (60,479 | ) |
| Treasury stock; at cost - 5,030 shares at June 30, 2026 and 5,487 shares at September 30, 2025 |
|
| (2,869 | ) |
|
| (3,186 | ) |
| Total shareholders' equity |
|
| 50,681 |
|
|
| 50,010 |
|
| TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY |
| $ | 59,553 |
|
| $ | 59,997 |
|
| 9 |
About GEE Group
GEE Group Inc. is a provider of specialized staffing solutions and is the successor to employment offices doing business since 1893. The Company provides professional staffing services and solutions in information technology, engineering, finance and accounting specialties through the names of Access Data Consulting, Agile Resources, Omni One, GEE Group Columbus, Hornet Staffing and Paladin Consulting. Also, in the healthcare sector, GEE Group, through its Scribe Solutions brand, staffs medical scribes who assist physicians in emergency departments of hospitals and in medical practices by providing required documentation for patient care in connection with electronic medical records (EMR). The Company provides contract and direct hire professional staffing services through the following SNI brands: Accounting Now®, SNI Technology®, Legal Now®, SNI Financial®, Staffing Now®, SNI Energy®, and SNI Certes®.
Forward-Looking Statements Safe Harbor
In addition to historical information, this press release contains statements relating to possible future events and/or the Company's future results (including results of business operations, certain projections, future financial condition, pro forma financial information, and business trends and prospects) that are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Act of 1934, as amended, (the "Exchange Act"), and the Private Securities Litigation Reform Act of 1995 and are subject to the "safe harbor" created by those sections. The statements made in this press release that are not historical facts are forward-looking statements that are predictive in nature and depend upon or refer to future events. These forward-looking statements include, without limitation, anticipated cash flow generation and expected shareholder benefits. Such forward-looking statements often contain, or are prefaced by, words such as "will", "may," "plans," "expects," "anticipates," "projects," "predicts," “pro forma”, "estimates," "aims," "believes," "hopes," "potential," "intends," "suggests," "appears," "seeks," or variations of such words or similar words and expressions of future tense. Forward-looking statements are not guarantees of future performance, are based on certain assumptions, and are subject to various known risks and uncertainties, many of which are beyond the Company's control, and cannot be predicted or quantified and, consequently, as a result of a number of factors, the Company's actual results could differ materially from those expressed or implied by such forward-looking statements. The international pandemic, the Novel Coronavirus (“COVID-19”), negatively impacted and disrupted the Company’s business operations and had a significant negative impact on the global economy and employment in general, resulting in, among other things, a lack of demand for the Company’s services. This was exacerbated by government and client directed “quarantines”, “remote working”, “shut-downs” and “social distancing”. Some of these outcomes or by-products of the pandemic have persisted in one form or another since and there is no assurance that conditions will ever fully return to their former pre-pandemic status quo. These and certain other factors that might cause the Company's actual results to differ materially from those in the forward-looking statements include, without limitation: (i) the loss, default or bankruptcy of one or more customers; (ii) changes in general, regional, national or international economic conditions; (iii) an act of war or terrorism, industrial accidents, or cyber security breach that disrupts business; (iv) changes in the law and regulations; (v) the effect of liabilities and other claims asserted against the Company including the failure to repay indebtedness or comply with lender covenants including the lack of liquidity to support business operations and the inability to refinance debt, failure to obtain necessary financing or the inability to access the capital markets and/or obtain alternative sources of capital; (vi) changes in the size and nature of the Company's competition; (vii) the loss of one or more key executives; (viii) increased credit risk from customers; (ix) the Company's failure to grow internally or by acquisition or the failure to successfully integrate acquisitions; (x) the Company's failure to improve operating margins and realize cost efficiencies and economies of scale; (xi) the Company's failure to attract, hire and retain quality recruiters, account managers and salesmen; (xii) the Company's failure to recruit qualified candidates to place at customers for contract or full-time hire; (xiii) the adverse impact of geopolitical events, government mandates, natural disasters or health crises, force majeure occurrences, future global pandemics such as COVID-19 or other harmful viral or non-viral rapidly spreading diseases and such other factors as set forth under the heading "Forward-Looking Statements" in the Company's annual reports on Form 10-K, its quarterly reports on Form 10-Q and in the Company's other filings with the Securities and Exchange Commission (SEC). More detailed information about the Company and the risk factors that may affect the realization of forward-looking statements is set forth in the Company's filings with the SEC. Investors and security holders are urged to read these documents free of charge on the SEC's web site at http://www.sec.gov. The Company is under no obligation to (and expressly disclaims any such obligation to) and does not intend to publicly update, revise, or alter its forward-looking statements whether as a result of new information, future events or otherwise.
Contact:
GEE Group Inc.
Kim Thorpe
630.954.0400
SOURCE: GEE Group Inc.
| 10 |
EXHIBIT 99.2
