Company profile

Scott Neil Greenberg
Incorporated in
Fiscal year end
Former names
National Patent Development Corp
IRS number

GPX stock data


Investment data

Data from SEC filings
Securities sold
Number of investors


7 Nov 19
20 Jan 20
31 Dec 20


Company financial data Financial data

Quarter (USD) Sep 19 Jun 19 Mar 19 Dec 18
Revenue 139.01M 149.41M 139.47M 132.87M
Net income 2.14M 3.22M 334K 385K
Diluted EPS 0.13 0.19 0.02 0.02
Net profit margin 1.54% 2.15% 0.24% 0.29%
Operating income 4.49M 6.1M 2.09M 2.45M
Net change in cash 1.63M -2.32M -4.99M 3.09M
Cash on hand 7.74M 6.11M 8.43M 13.42M
Cost of revenue 117.34M 126.45M 118.2M 114.58M
Annual (USD) Dec 18 Dec 17 Dec 16 Dec 15
Revenue 515.16M 509.21M 490.56M 490.28M
Net income 9.84M 12.89M 20.25M 18.79M
Diluted EPS 0.59 0.76 1.21 1.09
Net profit margin 1.91% 2.53% 4.13% 3.83%
Operating income 19.61M 22.91M 31.42M 32.32M
Net change in cash -10.2M 7.27M -4.68M 6.49M
Cash on hand 13.42M 23.61M 16.35M 21.03M
Cost of revenue 437.42M 427.18M 410.4M 408.29M

Financial data from company earnings reports

13F holders
Current Prev Q Change
Total holders 68 68
Opened positions 7 6 +16.7%
Closed positions 7 15 -53.3%
Increased positions 25 27 -7.4%
Reduced positions 21 21
13F shares
Current Prev Q Change
Total value 155.78M 187.67M -17.0%
Total shares 12.14M 12.45M -2.5%
Total puts 5.9K 5.9K
Total calls 20.5K 0 +Infinity%
Total put/call ratio 0.3 Infinity NaN%
Largest owners
Shares Value Change
Sagard Capital Partners Management 3.64M $46.73M 0.0%
Dimensional Fund Advisors 1.23M $15.75M +1.3%
Royce & Associates 1.2M $15.4M +29.0%
BLK BlackRock 890.34K $11.43M +0.3%
NWQ Investment Management 868.27K $11.15M -19.4%
Vanguard 734.82K $9.44M -2.6%
Rutabaga Capital Management 406.12K $5.22M -4.5%
THB Asset Management 375.51K $4.82M +20.4%
Schwerin Boyle Capital Management 236.45K $3.04M 0.0%
STT State Street 228.89K $2.94M -0.4%
Largest transactions
Shares Bought/sold Change
Royce & Associates 1.2M +269.78K +29.0%
NWQ Investment Management 868.27K -209.14K -19.4%
Russell Investments 165.78K -124.82K -43.0%
Balter Liquid Alternatives 0 -92.73K EXIT
First Wilshire Securities Management 0 -88.19K EXIT
THB Asset Management 375.51K +63.62K +20.4%
Arrowstreet Capital, Limited Partnership 88.36K +43.65K +97.6%
DB Deutsche Bank 16.35K -40.14K -71.1%
Renaissance Technologies 0 -30.52K EXIT
Two Sigma Investments 0 -30.44K EXIT

Financial report summary

Franklin CoveyGSE SystemsLinkedInFacebookYouTubeSlideshareTwitter
  • Changing economic conditions in the United States, the United Kingdom and the other countries in which we conduct our operations could harm our business, results of operations and financial condition.
  • Our revenue and financial condition could be adversely affected by the loss of business from significant customers, including financial services institutions and automotive manufacturers.
  • Our successful performance of learning services under our Global Master Agreement with HSBC is subject to many risks.
  • The price of our common stock is highly volatile and could decline regardless of our operating performance.
  • A substantial portion of our assets consists of goodwill and intangible assets, which are subject to impairment. We could incur material asset impairment charges in future periods.
  • Our financial results are subject to quarterly fluctuations, which may result in volatility or declines in our stock price.
  • We are vulnerable to the cyclical nature of the markets we serve.
  • We may continue making acquisitions as part of our growth strategy, which subjects us to numerous risks that could have a material adverse effect on our business, financial condition and results of operations.
  • Future acquisitions may require that we incur debt or issue dilutive equity.
  • Difficulties in integrating acquired businesses could result in reduced revenues and income.
  • Our business and financial condition could be adversely affected by government limitations on contractor profitability.
  • A negative audit or other actions by the U.S. Government could adversely affect our future operating performance.
  • We are a party to fixed price contracts and may enter into similar contracts in the future, which could result in reduced profits or losses if we are not able to accurately estimate or control costs or meet specific service levels.
  • Our revenues may be adversely affected if we fail to win competitively awarded contracts or to receive renewal or follow-on contracts.
  • Our backlog is subject to reduction and cancellation, which could negatively impact our future revenues or earnings.
  • We maintain a workforce based upon anticipated staffing needs. If we do not receive future contract awards or if these awards are delayed or reduced in scope or funding, we could incur significant costs.
  • Failure to continue to attract and retain qualified personnel could harm our business.
  • The loss of our key personnel, including our executive management team, could harm our business.
  • Competition could materially and adversely affect our performance.
  • Failure to keep pace with technology and changing market needs could harm our business.
  • We have only a limited ability to protect the intellectual property rights that are important to our success, and we face the risk that our services or products may infringe upon the intellectual property rights of others.
  • Our information technology systems are subject to risks that we cannot control.
  • We identified material weaknesses in our internal control over financial reporting related to our implementation of a new global enterprise resource planning system (ERP) on October 1, 2018, and subsequent post-implementation processing. Until remediated, there is the possibility that a material misstatement in our consolidated financial statements may not be prevented or detected on a timely basis, which could result in loss of investor confidence and adversely impact our stock price.
  • A breach of our security measures (or security measures of third-parties we have engaged) could harm our business, results of operations and financial condition.
  • Our international sales and operations expose us to various political and economic risks, which could have a material adverse effect on our business, results of operations and financial condition.
  • We are subject to risks associated with currency fluctuations, which could have a material adverse effect on our results of operations and financial condition.
  • Business disruptions could adversely affect our future sales, financial condition, reputation or stock price or increase costs and expenses.
  • We are subject to potential liabilities which are not covered by our insurance.
  • We could incur substantial costs as a result of violations of, or liabilities under, environmental laws.
  • Our restated certificate allows us to redeem or otherwise dispose shares of our common stock owned by a foreign stockholder if certain U.S. Government agencies threaten termination of any of our contracts as a result of such an ownership interest.
Management Discussion
  • We are a global performance improvement solutions provider of training, digital learning solutions, management consulting and engineering services that seeks to improve the effectiveness of organizations by providing services and products that are customized to meet the specific needs of clients. Clients include Fortune 500 companies and governmental and other commercial customers in a variety of industries. We believe we are a global leader in performance improvement, with over five decades of experience in providing solutions to optimize workforce performance.
  • As of September 30, 2019, we operated through two reportable business segments: (i) Workforce Excellence and (ii) Business Transformation Services. In December 2017, we announced a new organizational structure and plan to improve operating results by increasing organic growth and reducing operating costs. Effective January 1, 2018, we re-organized into two operating segments aligned by complementary service lines and supported by a new business development organization aligned by industry sector. The Workforce Excellence segment includes the majority of the former Learning Solutions and Professional & Technical Services segments. The Business Transformation Services segment includes the majority of the former Performance Readiness Solutions and Sandy Training & Marketing segments. Certain business units transferred between the former operating segments to better align with the service offerings of the two new segments. In addition, effective July 1, 2018, we transferred the management responsibility of certain additional business units between the two operating segments primarily to consolidate our non-technical content design and development businesses into one global digital learning strategies and solutions service line. We have reclassified the segment financial information herein for the prior year periods to reflect the changes in our segments and conform to the current year's presentation.
  • Each of our two reportable segments represents an operating segment under ASC Topic 280, Segment Reporting. We test our goodwill at the reporting unit level, or one level below an operating segment, under ASC Topic 350, Intangibles - Goodwill and Other. In connection with the new organizational structure that went into effect on January 1, 2018, we determined that we have four reporting units for purposes of goodwill impairment testing, which represent our four practices which are one level below the operating segments, as discussed below.
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