UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                    FORM 8-K

                            CURRENT REPORT PURSUANT
                         TO SECTION 13 OR 15(D) OF THE
                        SECURITIES EXCHANGE ACT OF 1934

Date of report (Date of earliest event reported) November 9, 2005
                                                ---------------------
                               GSE SYSTEMS, INC.
                             -----------------------
             (Exact name of registrant as specified in its charter)

                                    Delaware
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         (State or other jurisdiction of incorporation or organization)

                       0-26494                  52-1868008
                  ---------------       ----------------------------------
          (Commission File Number)      (I.R.S. Employer Identification No.)


              7133 Rutherford Rd., Suite 200, Baltimore, MD 21244
        -------------------------------------------------------------
              (Address of principal executive office and zip code)


                                 (410) 277-3740
                                -----------------
               Registrant's telephone number, including area code
       
                    9189 Red Branch Rd., Columbia, MD 21045
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         (Former Name or Former Address, if Changed Since Last Report)

       
Check  the  appropriate  box  below  if the  Form  8-K  filing  is  intended  to
simultaneously  satisfy the filing obligation or the registrant under any of the
following provisions (see General Instructions A.2 below):

[ ] 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))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e - 4 (c))

Item 2.02   Results of Operation and Financial Condition

On November 9, 2005 the Company  announced  its  net loss for the third  quarter
ended September 30, 2005. The earnings  release is attached hereto as an exhibit
to the 8-K.

Item 9.01  Financial Statements and Exhibits

(c)  Exhibits

99.1 Press Release of GSE Systems,  Inc. dated  November 9, 2005  announcing its
net loss for the third quarter ended Septmeber 30, 2005.

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 hereunto duly authorized.
       
                               GSE SYSTEMS, INC.


Date: November 14, 2005                 /s/  Jeffery G. Hough
                                      -----------------------         
                                            Jeffery G. Hough
                                            Senior Vice President and CFO 

                                 EXHIBIT INDEX

Exhibit No.     Description  
-----------     ---------------
                                                                               
        99.1    Press release of GSE Systems,  Inc. dated  November 9, 2005
                announcing GSE Systems third quarter results