GSE Systems Inc
Change company Symbol lookup
Select an option...
GVP GSE Systems Inc
FLGC Flora Growth Corp
PRPO Precipio Inc
LFLY Leafly Holdings Inc
QNRX Quoin Pharmaceuticals Ltd
INDP Indaptus Therapeutics Inc
RNAZ Transcode Therapeutics Inc
NEOV NeoVolta Inc
SYBX Synlogic Inc
FIISO Financial Institutions Inc

*Nasdaq FSI: *Deficient: Issuer Failed to Meet NASDAQ Continued Listing Requirements

Information Technology : Software | Small Cap Value
Company profile

GSE Systems, Inc. is a provider of engineering services and technology, staffing, and simulation software to clients in the power and process industries. The Company’ segments include Engineering and Workforce Solutions. The Engineering segment encompasses its power plant fidelity simulation solutions, technical engineering services for American Society of Mechanical Engineers programs, power plant thermal performance optimization, and interactive computer-based tutorials/simulation. This segment includes various simulation products, engineering services, and operation training systems delivered across the industries it serves, primarily nuclear and fossil fuel power generation and the process industries. The Workforce Solutions segment supports entire project lifecycles and provides specialized capabilities throughout the energy and engineering industries. Its simulation solutions include software and services, including operator training systems, for the nuclear power industry.

Closing Price
Day's Change
0.00 (0.00%)
B/A Size
Day's High
Day's Low
(Heavy Day)

10-day average volume:

Rivian earnings: Investors are looking for any signs of improvement for production

1:48 pm ET May 4, 2023 (MarketWatch)

By Claudia Assis

Rivian's production guidance of 50,000 EVs this year is key number

Rivian Automotive Inc. is slated to report first-quarter results after the bell on Tuesday, with investors expecting a wider quarterly loss for electric-vehicle maker as it continues to struggle with its production ramp and has yet to unveil a newer, cheaper EV.

The main worry about Rivian (RIVN) is that, near term, there's little to boost the stock, and plenty to give investors pause.

The unveiling of a cheaper EV would help, but that's not on the immediate horizon. Meanwhile, the EV maker is struggling with the production ramp and margins for the vehicles it already sells.

"On Rivian's release, investors are looking for signs of improvement from its sluggish first-quarter production and delivery numbers, which were down from its fourth-quarter totals, and has contributed to bearish sentiment toward the story," Garrett Nelson, an analyst with CFRA, said.

"The key question is whether Rivian's 2023 production guidance of 50,000 units is achievable," Nelson said.

Another special look will go to Rivian's order book and any potential cancelations, and the company's path toward gross profits longer-term. All this is against a backdrop of "escalating liquidity concerns" among other EV peers, Nelson said.

Here's what to expect:

Earnings: Analysts polled by FactSet expect Rivian to report an adjusted loss of $1.61 a share in the first quarter, compared with an adjusted loss of $1.42 a share in the first quarter of 2022. Rivian has yet to turn a profit.

Estimize, a crowdsourcing platform that gathers estimates from Wall Street analysts as well as buy-side analysts, fund managers, company executives, academics and others, expects a loss that is a tad wider, at $1.62 a share.

Revenue: The analysts surveyed by FactSet are calling for sales of $657 million for Rivian, which would compare with $95 million in the first quarter of 2022. Estimize sees Rivian posting slightly higher revenue, at $671 million.

Stock price: Rivian shares have lost about 62% in the past year, compared with losses of around 6% for the S&P 500.

That underperformance holds in the year-to-date: Rivian is down 30% so far this year, contrasting with gains of around 6% for the broader index.

Rivian is trading more than 80% lower than its upsized initial public offering price of $ 78 a share in November 2021.

What else to expect: Rivian's Chief Executive RJ Scaringe said in a letter to shareholders earlier this month that the "primary lever" that Rivian can pull to improve its prospects is to ramp up production and optimize its factory capacity and the fixed costs that go with it.

See also:Tesla investors' top questions? This analyst says he has the answers

Scaringe said that Rivian's 2023 production guidance of 50,000 vehicles remained on track, which would be double the 2022 production. "We have deepened and extended our relationships with key suppliers that support our ramp," he wrote. The CEO also promised to continue to keep an eye on costs.

Don't miss: GM's stock is underappreciated, Morgan Stanley says as it lifts rating to buy

Wall Street will also want to hear more about Rivian's next-generation vehicles, to be built on its new R2 platform. Rivian has said it is developing the new platform to achieve "a dramatically lower cost structure," using what it learned with its first platform.

A narrower loss for Rivian on Tuesday may not propel the stock forward.

Earlier this week, Ford Motor Co. (F) reported first-quarter earnings above Wall Street expectations, but the stock headed lower as investors worried that the unchanged guidance signaled bigger problems in the second half of the year.

" We're very much in a 'glass half empty' market environment, where investors seem to be disregarding positive news and punishing stocks for any negatives," CFRA's Nelson said.

-Claudia Assis

This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.


(END) Dow Jones Newswires

May 04, 2023 13:48 ET (17:48 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.

Earnings Calendar and Events Data provided by |Terms of Use| © 2023 Wall Street Horizon, Inc.

Market data accompanied by is delayed by at least 15 minutes for NASDAQ, NYSE MKT, NYSE, and options. Duration of the delay for other exchanges varies.
Market data and information provided by Morningstar.

Options are not suitable for all investors as the special risks inherent to options trading may expose investors to potentially rapid and substantial losses.
Please read Characteristics and Risks of Standard Options before investing in options.

Information and news provided by ,, , Computrade Systems, Inc., ,, and

Copyright © 2023. All rights reserved.