Geospace Technologies

Geospace Technologies Corp. designs and manufactures instruments and equipment used in the oil and gas industry for acquisition and processing of seismic data. It operates through the following business segments: Oil &Gas Markets, Adjacent Markets and Emerging Markets. The Oil & Gas Markets segments products include wireless seismic data acquisition systems, reservoir characterization products and services, and traditional seismic exploration products such as geophones, hydrophones, leader wire, connectors, cables, marine streamer retrieval and steering devices and various other seismic products. The Adjacent Markets segment leverage upon existing manufacturing facilities and engineering capabilities. The Emerging Markets segment consists of recent acquisition of Quantum. The company was founded in 1980 and is headquartered in Houston, TX.

Earnings data Q2 2021

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Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Earnings data Q1 2025

Geospace Technologies reports robust Q1 revenue amidst strategic challenges

Geospace Technologies delivered strong revenue growth in Q1 2023 driven by the Oil and Gas segment, despite facing challenges regarding financial performance and strategy. Strategic diversification efforts and new contracts signal growth potential in emerging markets. The company faces opportunities in expanding product lines and streamlining operations for improved profitability.

Geospace Technologies reports highest revenue in 9 years, eyes carbon capture growth

Geospace Technologies' Q2 2023 performance showcased robust revenue growth, effective cost management, and promising prospects in carbon capture monitoring. While facing supply chain challenges, the company's revenue diversification and focus on precision monitoring present avenues for future growth. Strategic investments in rental fleet and equipment underscore a commitment to meeting market demand and expanding capabilities.

Geospace Technologies posts record revenue in Q3, eyes diversification

Geospace Technologies reported a profitable quarter with record revenue, driven by strong performance in key segments. While challenges in managing operating expenses exist, the company is well-positioned for growth with new contracts and a focus on diversification.

Geospace Technologies reports positive earnings, eyes revenue growth in 2024

Geospace Technologies delivered positive earnings and revenue growth in Q4 2023, driven by increased utilization of key products.
The company is focused on evaluating business segments, reducing costs, and returning capital to shareholders in fiscal year 2024.
Challenges include anticipated gaps in rental contracts and supply chain issues, but opportunities exist for revenue growth and product expansion.
Geospace remains cautious about capital investments but is strategically addressing challenges to drive future profitability.

Geospace Technologies reports stellar Q1 results, eyes international growth

Geospace Technologies' Q1 2024 performance was robust, driven by the sale of the Mariner system and optimistic outlook on oil and gas market demand. While facing challenges in sustaining growth in adjacent markets, the company maintains a strong financial position and eyes lucrative opportunities in international contracts and government partnerships.

Geospace Technologies reports solid earnings, eyes growth opportunities ahead

Geospace Technologies navigated a mixed performance landscape with strong financials and revenue diversification across segments.
While facing challenges in the Oil and Gas Markets segment, the company capitalized on opportunities in Adjacent and Emerging Markets.
Strategic leadership appointments and planned investments position the company for future growth and operational efficiency.
Anticipated revenue growth in the second half and discussions for future revenue opportunities signal a positive outlook for Geospace Technologies.

Geospace Technologies reports Q3 profit, eyes growth in emerging markets

Geospace Technologies delivered a mixed performance in Q3 2024, with strong revenue growth in certain segments offset by challenges in others. The company's strategic focus on emerging technologies and market diversification presents both opportunities and challenges for future growth.

Geospace Technologies reports highest revenue in a decade, transitions business

Geospace Technologies had a strong performance in FY 2024 with record revenue and key product successes. While facing challenges from the divestment and CEO transition, the company remains debt-free with ample cash reserves. Opportunities lie in new business segments and strategic investments for future growth.

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Geospace Technologies Corp. designs and manufactures instruments and equipment used in the oil and gas industry for acquisition and processing of seismic data. It operates through the following business segments: Oil and Gas Markets, Adjacent Markets, and Emerging Markets. The Oil and Gas Markets segment focuses on wireless seismic data acquisition systems, reservoir characterization products and services, and traditional seismic exploration products such as geophones, hydrophones, leader wire, connectors, cables, marine streamer retrieval and steering devices, and other seismic products. The Adjacent Markets segment leverages upon existing manufacturing facilities and engineering capabilities. The Emerging Markets segment consists of the Quantum business. The company was founded in 1980 and is headquartered in Houston, TX.

HOUSTON--(BUSINESS WIRE)--Geospace Technologies Corporation (NASDAQ: GEOS) today announced two contracts together valued at over $7M for the rental of OBX ocean bottom nodes for both deepwater and shallow water marine seismic surveys. “These rental agreements come strongly on the heels of our previously announced OBX sales contract to an international seismic provider for $10 million, and is yet another sign of increased activity in the offshore oil markets,” said Walter R. Wheeler, President a

Geospace Technologies Awarded $7M in Ocean Bottom Node Rental Contracts

HOUSTON--(BUSINESS WIRE)--Geospace Technologies Corporation (NASDAQ: GEOS) today announced a $10M contract for the purchase of the Company's OBX series of deepwater ocean bottom nodes from an international seismic contractor. The rental customer exercised an option in the Company's rental agreement to purchase more than half of the nodes under this contract. The sale of the nodes occurred prior to the end of the Company's second quarter of fiscal year 2022. “We're pleased our valued customer to

Geospace Technologies Closes $10M Sale of Deepwater Ocean Bottom Nodes

Geospace Technologies is poised to be a huge benefactor from the run-up in oil.

Geospace Technologies Stock: Strong Buy With 50%+ Near-Term Upside Potential

Geospace Technologies Corporation (GEOS) CEO Richard Wheeler on Q1 2022 Results -Earnings Call Transcript

HOUSTON--(BUSINESS WIRE)--Geospace Technologies (NASDAQ: GEOS) announces a net loss of $6.8 million, or $(0.52) per diluted share, on revenue of $18.0 million for its Q1 FY22.

Geospace Technologies Reports Fiscal Year 2022 First Quarter Results

HOUSTON--(BUSINESS WIRE)--Geospace Technologies (NASDAQ: GEOS) will release 2022 Q1 financial results Feb. 1, 2022 and host a conference call Feb. 2, 2022 at 10:00 a.m. ET

Geospace Announces Schedule for First-Quarter 2022 Financial Results and Conference Call

HOUSTON--(BUSINESS WIRE)-- #energyexploration--Geospace announces $6.9M contract with an international seismic contractor for specialized geophones for vibration monitoring in rugged environments.

Geospace Technologies Awarded $6.9M Sensor Contract

Geospace Technologies Corporation's (GEOS) CEO Richard Wheeler on Q4 2021 Results - Earnings Call Transcript

HOUSTON--(BUSINESS WIRE)-- #bordersecurity--Geospace Technologies (NASDAQ: GEOS), a global engineering and manufacturing company, today announced fourth quarter and fiscal year 2021 earnings.

Geospace Technologies Reports Fourth Quarter and Fiscal Year 2021 Results

HOUSTON--(BUSINESS WIRE)--Geospace Technologies announced it will release Q4 and fiscal year 2021 financials on Nov. 18, 2021 & conference call for Nov. 19, 2021 at 10 a.m. ET

Geospace Announces Conference Call Schedule to Report Fourth Quarter & Fiscal Year 2021 Results

HOUSTON--(BUSINESS WIRE)--Geospace announces a Joint Industry Partnership with Carbon Management Canada focused on the development of carbon storage monitoring technologies.

Geospace and Quantum Subsidiary Partner with Carbon Management Canada for CCUS Passive Seismic Monitoring Research

Geospace Technologies Corporation's (GEOS) CEO Richard Wheeler on Q3 2021 Results - Earnings Call Transcript

HOUSTON--(BUSINESS WIRE)--Geospace Technologies (NASDAQ: GEOS) today announced a net loss of $0.8 million, or $(0.06) per diluted share, on revenue of $23.1 million for its third quarter ended June 30, 2021. This compares with a net loss of $2.3 million, or ($0.17) per diluted share, on revenue of $22.7 million for the third quarter of the prior year period. For the nine-months ended June 30, 2021, the Company recorded revenue of $75.4 million compared to revenue of $66.3 million during the pri

Geospace Technologies Reports Fiscal Year 2021 Third Quarter Results

HOUSTON--(BUSINESS WIRE)--Geospace Technologies (NASDAQ: GEOS) today announced that it will release third quarter 2021 financial results on Thursday, August 5, 2021 after the market closes. In conjunction with the release, Geospace has scheduled a conference call for Friday, August 6, 2021 at 10:00 a.m. Eastern Time (9:00 a.m. Central). What: Geospace Technologies Third Quarter 2021 Conference Call When: Friday, August 6, 2021 at 10:00 a.m. Eastern Time (9:00 a.m. Central) How: Live via phone –

Geospace Technologies Reports Third Quarter 2021 Results and Conference Call Schedule

HOUSTON--(BUSINESS WIRE)--Geospace Technologies (NASDAQ: GEOS) today announced that it has acquired 100 percent of the outstanding shares of Aquana, LLC, a comprehensive wireless water monitoring and control system provider. Under terms of the agreement, Aquana will operate as a wholly owned subsidiary of Geospace Technologies. The Company intends to retain Aquana's employees, further strengthening Geospace's highly skilled technical workforce. Terms of the transaction include an initial cash p

Geospace Technologies Corporation Acquires Advanced Water IoT Technology Company Aquana, LLC

Geospace Technologies Corporation (GEOS) CEO Rick Wheeler on Q2 2021 Results - Earnings Call Transcript

HOUSTON--(BUSINESS WIRE)--Geospace Technologies (NASDAQ: GEOS) today announced a net loss of $7.2 million, or $(0.53) per diluted share, on revenue of $23.9 million for its second quarter ended March 31, 2021. This compares with a net loss of $3.8 million, or ($0.28) per diluted share, on revenue of $25.9 million for the second quarter of the prior year period. For the six months ended March 31, 2021, the Company recorded revenue of $52.4 million compared to revenue of $43.6 million during the

Geospace Technologies Reports Fiscal Year 2021 Second Quarter Results

HOUSTON--(BUSINESS WIRE)--Geospace Technologies (NASDAQ: GEOS) today announced that it will release second quarter 2021 financial results on Thursday, May 6, 2021 after the market closes. In conjunction with the release, Geospace has scheduled a conference call for Friday, May 7, 2021 at 10:00 a.m. Eastern Time (9:00 a.m. Central). What:   Geospace Technologies Second Quarter 2021 Conference Call When:   Friday, May 7, 2021 at 10:00 a.m. Eastern Time (9:00 a.m. Central) How:   Live via phone –

Geospace Technologies Reports Second Quarter 2021 Results and Conference Call Schedule

Geospace Technologies Corporation (GEOS) CEO Walter Wheeler on Q1 2021 Results - Earnings Call Transcript

HOUSTON--(BUSINESS WIRE)--Geospace Technologies (NASDAQ: GEOS) today announced its highest first quarter earnings in seven years, narrowing its net loss to $1.1 million, or $(0.08) per diluted share, on revenue of $28.5 million for its first quarter ended December 31, 2020. This compares with a net loss of $9.3 million, or ($0.69) per diluted share, on revenue of $17.7 million for the first quarter of the prior year. Walter R. (“Rick”) Wheeler, President and CEO of Geospace Technologies (the “C

Geospace Technologies Reports Fiscal Year 2021 First Quarter Results

HOUSTON--(BUSINESS WIRE)--Geospace Technologies (NASDAQ: GEOS) today announced that it will release first quarter 2021 financial results on Wednesday, February 3, 2021 after the market closes. In conjunction with the release, Geospace has scheduled a conference call for Thursday, February 4, 2021 at 10:00 a.m. Eastern Time (9:00 a.m. Central). What: Geospace Technologies First Quarter 2021 Conference Call When: Thursday, February 4, 2021 at 10:00 a.m. Eastern Time (9:00 a.m. Central) How: Live

Geospace Technologies Reports First Quarter 2021 Results and Conference Call Schedule

FY2020 was yet another difficult year for Geospace. But the company is expecting sales opportunities to increase in FY2021 in its Oil and Gas segment.

Geospace Technologies: Expecting Higher Sales In FY2021

A whopping number of 13F filings filed with U.S. Securities and Exchange Commission has been processed by Insider Monkey so that individual investors can look at the overall hedge fund sentiment towards the stocks included in their watchlists. These freshly-submitted public filings disclose money managers' equity positions as of the end of the three-month period that ended September 30, so let's proceed with the discussion of the hedge fund sentiment on Geospace Technologies Corp (NASDAQ:GEOS).

Here is What Hedge Funds Think About Geospace Technologies Corp (GEOS)

Geospace Technologies Corporation (GEOS) CEO Walter Wheeler on Q4 2020 Results - Earnings Call Transcript

HOUSTON--(BUSINESS WIRE)--Geospace Technologies (NASDAQ: GEOS) today announced a net loss of $19.2 million, or $(1.42) per diluted share, on revenue of $87.8 million for its fiscal year ended September 30, 2020. This compares with a net loss of $146,000, or ($0.01) per diluted share, on revenue of $95.8 million for the comparable year-ago period. For the fourth quarter ended September 30, 2020, the company reported revenue of $21.5 million and a net loss of $3.9 million, or ($0.29) per diluted

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