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 Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

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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

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.

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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.

Geospace Technologies Corporation's asset utilization increased in 2023 due to interest in its ocean bottom node technology and a potential $20m rental contract extension for Mariner. The company's operating margin expanded in Q2 2023 due to cost-cutting measures, and it is also exploring opportunities in carbon capture technology monitoring and analytics. Despite these positive developments, the company remains cautious about increasing its rental fleets and cash flows remain a concern. The stock is currently undervalued compared to past valuations.

Geospace Technologies: Positive Signs Despite A Few Headwinds

Geospace Technologies Corporation (NASDAQ:GEOS ) Q2 2023 Earnings Conference Call May 12, 2023 10:00 AM ET Company Participants Rick Wheeler - President and Chief Executive Officer Robert Curda - Chief Financial Officer Conference Call Participants Scott Bundy - Moors & Cabot Bill Dezellem - Tieton Capital. Dennis Scannell - Rutabaga Capital Operator Good day and welcome to the Geospace Technologies' Second Quarter 2023 Earnings Conference Call.

Geospace Technologies Corporation (GEOS) Q2 2023 Earnings Call Transcript

HOUSTON--(BUSINESS WIRE)--Geospace Technologies Corporation (NASDAQ: GEOS) (the “Company”) today announced results for its second quarter ended March 31, 2023. For the three-months ended March 31, 2023, Geospace reported revenue of $31.4 million compared to revenue of $24.7 million for the comparable year-ago quarter. Net income for the three-months ended March 31, 2023 was $4.7 million, or $0.35 per diluted share, compared to a net loss of $1.5 million, or ($0.11) per diluted share, for the quarter ended March 31, 2022.

Geospace Technologies Corporation Reports Profitable Second Quarter And Six-Month 2023 Earnings

HOUSTON--(BUSINESS WIRE)-- #energyexploration--Geospace Technologies (NASDAQ: GEOS) today announced that it will release second quarter of fiscal year 2023 financial results on Thursday, May 11, 2023 after the market closes. In conjunction with the release, Geospace has scheduled a conference call for Friday, May 12, 2023 at 10:00 a.m. Eastern Time (9:00 a.m. Central). WHAT: Geospace Technologies Second Quarter 2023 Results Conference Call WHEN: Friday, May 12 at 10:00 a.m. Eastern Time (9:00 a.m. Central) HOW: Liv.

Geospace Technologies Schedules Second Quarter 2023 Earnings Call

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Geospace Technologies Corporation (NASDAQ:GEOS ) Q1 2023 Results Conference Call February 9, 2023 10:00 AM ET Company Participants Rick Wheeler - President and Chief Executive Officer Robert Curda - Chief Financial Officer Conference Call Participants William Dezellem - Tieton Capital. Jeffrey Feldman - Primary Succession Capital LLC Scott Bundy - Moors & Cabot Michael Melby - Gate City Capital Operator Welcome to the Geospace Technologies' first quarter 2023 earnings conference call.

Geospace Technologies Corporation (GEOS) Q1 2023 Earnings Call Transcript

HOUSTON--(BUSINESS WIRE)-- #energyexploration--Geospace (NASDAQ: GEOS) announces FY23Q1 results for the period ended Dec. 31, 2022, with reported revenue of $31.1M - highest quarter in eight years.

Geospace Technologies Corporation Reports Strong First Quarter 2023 Earnings

HOUSTON--( BUSINESS WIRE )--Geospace Technologies (NASDAQ: GEOS) today announced that it will release first quarter 2023 financial results on Wednesday, February 8, 2023 after the market closes. In conjunction with the release, Geospace has scheduled a conference call for Thursday, February 9, 2023 at 10:00 a.m. Eastern Time (9:00 a.m. Central).

Geospace Technologies Schedules First Quarter 2023 Earnings Call

HOUSTON--( BUSINESS WIRE )--Geospace Technologies Corporation (NASDAQ: GEOS) today announced a rental contract with an international marine geophysical services provider who will rent OBX shallow water ocean bottom wireless seismic data acquisition nodes. Based on current contract terms, the value of the agreement is estimated at $9 million.

Geospace Technologies Signs Shallow Water Ocean Bottom Node Rental Contract with Estimated Value of $9M

Geospace Technologies Corporation (NASDAQ:GEOS ) Q4 2022 Earnings Conference Call November 18, 2022 10:00 AM ET Company Participants Rick Wheeler - President and CEO Robert Curda - CFO Mark Tinker - CEO, Quantum Technology Sciences Conference Call Participants Scott Bundy - Moors & Cabot William Dezellem - Tieton Capital Brent Miley - Rutabaga Capital Glenn Kukla - Kukla Capital Partners Michael Melby - Gate City Capital Management Operator Welcome to the Geospace Technologies Fourth Quarter 2022 Earnings Conference Call. Hosting the call today from Geospace is Mr.

Geospace Technologies Corporation (GEOS) Q4 2022 Earnings Call Transcript

HOUSTON--( BUSINESS WIRE )--Geospace Technologies (NASDAQ: GEOS) today announced a net loss of $22.9 million, or $(1.76) per diluted share, on revenue of $89.3 million for its fiscal year ended September 30, 2022. This compares with a net loss of $14.1 million, or ($1.05) per diluted share, on revenue of $94.9 million for the comparable year-ago period.

Geospace Technologies Reports Fourth Quarter and Fiscal Year 2022 Results

HOUSTON--(BUSINESS WIRE)-- #energyexploration--Geospace Technologies (NASDAQ: GEOS) will release Q4 2022 financial results Nov. 17, 2022 and hold conference call for Nov. 18, 2022 at 10:00 a.m.

Geospace Technologies Schedules Fourth Quarter and Fiscal Year 2022 Earnings Call

HOUSTON--(BUSINESS WIRE)-- #energyexploration--Geospace Technologies (GEOS) announces a deep water OBX $7.3 million rental contract with an international marine geophysical services provider.

Geospace Technologies Signs Deep Water Ocean Bottom Node Rental Contract With Estimated Value Of $7.3M

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HOUSTON--(BUSINESS WIRE)-- #energyexploration--Geospace Technologies (NASDAQ: GEOS) today announced the release of a new seismic acquisition product known as Mariner™, a continuous, cable-free, four channel autonomous, shallow water ocean bottom recorder. Mariner is the next generation node designed for extended duration seabed ocean bottom seismic data acquisition. The slim profile nodes are ideally deployed as deep as 750 meters. The device continuously records for up to 70 days and offers more rapid recharging t

Geospace Technologies Launches Mariner – a New Ocean Bottom Node

Geospace Technologies Corp (NASDAQ:GEOS ) Q3 2022 Earnings Conference Call August 10, 2022 10:00 AM ET Company Participants Walter Wheeler - President, CEO & Director Robert Curda - VP, CFO & Secretary Mark Tinker - CEO, Quantum Technology Sciences Conference Call Participants Scott Bundy - Moors & Cabot William Dezellem - Tieton Capital Management Michael Cox - Private Investor Michael Melby - Gate City Capital Management Operator Welcome to the Geospace Technologies Third Quarter 2022 Earnings Conference Call. Hosting the call today from Geospace is Mr.

Geospace Technologies Corp (GEOS) CEO Walter Wheeler on Q3 2022 Results - Earnings Call Transcript

HOUSTON--(BUSINESS WIRE)-- #energyexploration--Geospace (NASDAQ: GEOS) announces results for third quarter ended June 30, 2022. The Company's Adjacent Business Unit Marks Quarterly Revenue Record.

Geospace Technologies Reports Fiscal Year 2022 Third Quarter Results

HOUSTON--(BUSINESS WIRE)-- #energyexploration--Geospace Technologies (NASDAQ: GEOS) today announced that it will release third-quarter 2022 financial results on Tuesday, August 9, 2022 after the market closes. In conjunction with the release, Geospace has scheduled a conference call for Wednesday, August 10, at 10:00 a.m. Eastern Time (9:00 a.m. Central). WHAT: Geospace Technologies Third Quarter 2022 Results Conference Call WHEN: Wednesday, August 10, 2022 at 10:00 a.m. Eastern Time (9:00 a.m. Central) HOW: Live v

Geospace Technologies Schedules Third Quarter 2022 Earnings Call

HOUSTON--(BUSINESS WIRE)-- #energyexploration--Geospace Technologies announces an extended duration rental contract with SAExploration for ocean bottom wireless seismic data acquisition nodes.

Geospace Technologies Secures Long-Term Ocean Bottom Node Rental Contract With Estimated Value Of $12M

HOUSTON--(BUSINESS WIRE)-- #energyexploration--Geospace announces $4M rental contract with international marine geophysical services provider for ocean bottom nodes.

Geospace Technologies Awarded $4M Shallow Water Ocean Bottom Node Rental Contract

Geospace Technologies Corporation (NASDAQ:GEOS ) Q2 2022 Earnings Conference Call May 12, 2022 10:00 AM ET Company Participants Richard Wheeler - CEO Robert Curda - CFO Mark Tinker - CEO, Quantum Technology Sciences Conference Call Participants Bill Dezellem - Tieton Capital Scott Bundy - Moors & Cabot, Inc. Anthony Steinmetz - Shawnee Capital Operator Welcome to the Geospace Technologies Second Quarter 2022 Earnings Conference Call. Hosting the call today from Geospace is Mr.

Geospace Technologies Corporation (GEOS) CEO Richard Wheeler on Q2 2022 Results -Earnings Call Transcript

HOUSTON--(BUSINESS WIRE)--Geospace Technologies (NASDAQ: GEOS) today announced results for the second quarter and six-month period ended March 31, 2022. During the three-month period ended March 31, 2022, Geospace Technologies (the “Company”) reported revenue of $24.7 million versus $23.9 million for the comparable year-ago quarter. Net loss for the three-month period ended March 31, 2022 narrowed to $1.5 million, or $(0.11) per diluted share, compared to a net loss of $7.2 million, or ($0.53)

Geospace Technologies Reports Fiscal Year 2022 Second Quarter Results

HOUSTON--(BUSINESS WIRE)--Geospace Technologies (NASDAQ: GEOS) today announced that it will release second-quarter 2022 financial results on Wednesday, May 11, 2022 after the market closes. In conjunction with the release, Geospace has scheduled a conference call for Thursday, May 12, 2022 at 10:00 a.m. Eastern Time (9:00 a.m. Central). WHAT: Geospace Technologies Second Quarter 2022 Results Conference Call WHEN: Thursday, May 12, 2022 at 10:00 a.m. Eastern Time (9:00 a.m. Central) HOW: Live vi

Geospace Technologies Schedules Second Quarter 2022 Earnings Call

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

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