GEE Group Inc (JOB)

[nelson1234]

JOB welp, they sorta preannounced, but they did not get specific on the earnings numbers.

GEE Group Announces Full Forgiveness of $19.9 Million PPP Loans Zero Debt on Pro forma 2021 Year End Balance Sheet....

...its subsidiaries previously received PPP loan forgiveness from the SBA of approximately $3.4 million in aggregate principal and approximately $34,000 in aggregate accrued interest in fiscal year 2021, which was accounted for and/or disclosed in GEE Group's Quarterly Reports on Form 10Q filed with the SEC. On December 14, 2021, the Company and its subsidiaries received notification from PNC that the SBA granted forgiveness of all remaining PPP loans in the aggregate principal amount of approximately $16.5 million plus aggregate accrued interest of approximately $268,000. After giving effect to the aforementioned PPP loan forgiveness, the Company's pro forma balance sheet as of September 30, 2021 would have reflected zero debt. The financial impact of the most recent PPP loan forgiveness will be reflected in GEE Group's results for the first quarter ending December 31, 2021.

.....Dewan further commented, "Later this week, we expect to report outstanding financial results for the fourth quarter and fiscal year ended September 30, 2021. We are very strong financially with approximately $10 million in cash, no outstanding debt ... The hiring environment and demand for the Company's services remains strong in the current quarter and we expect to continue to deliver stellar financial results and create additional value for our shareholders."